📈 How Investment Firms, PE/VCs, and Private Lenders Are Modernizing Covenant Monitoring with BankStride
In today’s fast-paced investment landscape, managing loan covenants and compliance deadlines across portfolio companies is no small task. From financial reporting and non-financial covenants to document collection and audit readiness — the operational burden on deal teams, finance leaders, and private lenders is growing rapidly.
That’s where BankStride comes in.
We built BankStride to eliminate manual tracking, reduce risk, and bring clarity to the covenant compliance process for investment firms, private equity and venture capital firms, and private lenders.
🔎 The Challenge: Fragmented and Manual Processes
For most investment and lending firms, covenant tracking looks something like this:
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Spreadsheets scattered across folders
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Dozens of follow-up emails for financial statements
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Missed deadlines and delayed reporting
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No real-time visibility across portfolio companies
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Difficulty preparing for audits or LP reporting
Sound familiar?
When covenant compliance is managed manually, it becomes reactive — and that’s when risk starts to creep in.
✅ The Solution: A Purpose-Built Covenant Monitoring Platform
BankStride centralizes the covenant monitoring process with automation, transparency, and collaboration at its core.
Here’s how firms are using it:
1. Portfolio-Level Oversight
Track all covenant requirements (financial ratios, reporting obligations, document deadlines) across your entire portfolio — in one unified dashboard.
2. Automated Workflows
Set up automated reminders for reporting deadlines, upload requests, and custom check-ins. Never miss a compliance item again.
3. Streamlined Document Collection
Eliminate back-and-forth emails. Portfolio companies can securely upload documents to a centralized portal, mapped directly to each covenant requirement.
4. Custom Checklists by Facility
Build tailored covenant checklists for each debt facility or investment agreement. Easily update as terms evolve.
5. Audit-Ready Reporting
Whether you're preparing for an internal review, an LP update, or an external audit — all your compliance data and documents are organized and exportable in a few clicks.
🏦 Who Benefits
✔️ Private Equity Firms – Monitor leverage ratios, EBITDA thresholds, and quarterly financials from portfolio companies.
✔️ Venture Capital Firms – Track board meeting notes, revenue milestones, and other post-close obligations.
✔️ Investment Managers – Get a real-time pulse on covenant performance across funds.
✔️ Private Credit Lenders – Manage financial reporting deadlines, DSCR, and covenants with borrowers at scale.
🌐 Built for Flexibility
BankStride adapts to your operating rhythm — whether you're tracking 5 portfolio companies or 50. Our platform is designed to support:
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Syndicated credit agreements
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Direct lending arrangements
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Convertible notes
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Equity investment terms
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Co-investment structures
🎯 Focus on Value Creation, Not Chasing Compliance
In the end, BankStride frees up your team to focus on what really matters — creating value, not chasing down compliance documents.
💡 Ready to simplify your covenant monitoring process?
Visit www.bankstride.com or connect with us for a personalized demo.
Covenant Tracking & Monitoring are important part of managing borrowers financial and reporting documents for loan monitoring. Almost 70% of banks still rely on some combination of spreadsheets, core ticklers, or other manual processes.
BankStride is a digital banking platform you've been waiting for. BankStride makes it easy for banks to automate loan documents, exceptions tracking, loan reporting and covenant monitoring. No more managing checklists, searching for files in emails, or waiting on updates from other parties. Just create your requests and let BankStride do the work for you.
Many Banks and lending companies depend on non-public client information to provide their
services. Examples include:
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Automate Document Gathering
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Checklist For Loan Reporting Requirements
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Frictionless Customer Experience To Send Documents
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Create Credit Exceptions & Tickler Tracking
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Automated Loan Monitoring and Loan Compliance
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Loan Reporting, Risk & Financial Reporting
Without a dedicated tool, professionals would have to manually manage checklists and calendar
events to keep track of all required information. BankStride automates this work while improving
security and reporting.
Why BankStride platform
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BankStride is a web-based software solution for commercial banks and credit unions that works with customers to manage loan agreements and eliminate credit exceptions. FileStride improves credit exception management by reaching beyond the walls of the bank to work directly with customers.
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BankStride is like autopay for customer information.
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With BankStride, banking teams can schedule recurring requests for documents like financial statements and tax returns, compare actual and threshold covenant values (e.g. minimum DSCR), and send compliance certificates for signature via DocuSign.
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Customers respond to information requests much like paying an online invoice – they clearly see what’s required of them and they act. Customers can respond using a login-less portal or by email – no account or password required.
How does this help banks
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A borrower’s risk profile can change significantly over the years that follow a lending event. Managing loan agreement adherence through reporting and internal monitoring is an ongoing and tedious battle for banks.
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Banks that pursue superb loan agreement management are faced with handling complex recurring tasks using the basic tools of email, spreadsheets, and calendar ticklers. Banks that let this work fall behind risk delaying their awareness of problematic loans or operating practices, jeopardizing capital and reputation.
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With BankStride, banks gain high-resolution loan agreement monitoring that saves time and delights customers.
How does our bank customer use BankStride
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Our bank customer uses BankStride to schedule and automate the activities required to monitor loan agreements.
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For example, BankStride has proven effective in managing revolving lines of credit. BankStride automatically requests and reminds customers to submit monthly AR and AP listings, inventory analyses, and borrowing base certificates each month.
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BankStride reminds the banking team to test various financial ratios. The results of the customer’s actions and the ratio testing all roll up to per-banker and per-office reports that can be run on-demand in seconds.
BankStride is powerful for bankers
LOAN
MONITORING
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Track financial reporting, covenants, and certificates.
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Issue compliance certificates for signature via DocuSign.
REPORTS AT EVERY LEVEL
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Bank leadership can drill down to identify pockets of risk and underperformance.
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Every member of the team knows where to focus.
FLEXIBLE INFORMATION MANAGEMENT
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BankStride supports one-off and recurring information requests.
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Flexible storage layer configuration options available.
Easy for bank customers
NO USERNAMES
AND
NO PASSWORDS
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Customers receive tokenized links that enable portal access.
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Bankers can request information from anybody with an email address.
UPLOAD OR EMAIL
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Easy to use customer portals show the customer exactly what is needed.
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Email-based file ingestion enables customers to email files in response to requests.
TIMELY ALERTS
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Reminders and alerts are aggregated to prevent information overload.
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Alerts can be toggled per-user.
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Customizable reminder schedules.
STREAMLING LOAN UNDERWRITING, LOAN MONITORING, COVANENTS, FINANCIAL REPORTING
Automate Bank customer information requests for covenant monitoring , loan reporting, financial reporting and exception handling.
FiStride allows you and your customers to exchange information with zero friction so that you can reduce credit exceptions and recover valuable time.
The Workspace view in FileStride gives you a holistic overview of what you have, what you need, and where your customer stands.
Get a quick pulse check on where your projects stand with the Dashboard view in FileStride.
The Workspace view in FileStride gives you a holistic overview of what you have, what you need, and where your customer stands.
BANKERS STREAMLINE LOAN REPORTING DOCUMENTS
Know what you have, know what you need.
Why BankStride?
We're the digital banking solution you've been waiting for.
We make it easy to automate your loan reporting and covenant monitoring. No more managing checklists, searching for files in emails, or waiting on updates from other parties. Just create your requests and let BankStride do the work for you.
How it works
BankStride combines checklists with cloud storage to help you communicate and monitor your information requests and covenants.
All it takes to get started:
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Request items by creating projects for one-off items or templated lists.
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Review incoming files from your client and mark items as satisfied or complete.
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Repeat with automatically recurring requests and reminders.
Who it's for
BankStride is a solution for individuals, teams, and banks that need a better way to request information. We've facilitated thousands of customer relationships and transactions with teams in banking, accounting, consulting, and advisory services, just to name a few.
FEATURES
Bankers increase efficiency and improve loan risk and compliance with loan monitoring, reporting and exceptions.
Know what you have,
know what you need
Create recurring requests with status indicators, reports and automatic nudges that keep everybody in the know.
Many ways in,
password optional
Customers have the option to send files through email or a login-less portal. Either way, we get the files where they need to go.
Built to empower bankers
Track and monitor financial reporting, covenants, and certificates, and identify pockets of risk and non-compliance.
Structured for you and
your team
Add your colleagues with a single click, and manage access permissions so the whole team can get the job done.
We've facilitated over 1,000,000 client interactions...and counting.
