Our flagship product, the DCS Covenant ManagerTM, brings clarity, control and confidence to your debt compliance process, taking out the drudgery, pain, and that nagging uncertainty that you may be missing something.
We bring clarity on your debt obligations with a dedicated wiki website that has:
- A comprehensive covenant checklist integrated directly into your debt agreements, which has been converted into hyperlinked web pages. This includes the 20% or so of covenants scattered outside of the agreements’ covenant sections.
- A robust contextual search engine allows simultaneous researching all of your agreements quickly and accurately.
- A collaborative comments function that allows staff to share their knowledge and add files at an agreement section's webpage.
- Financial covenants and permitted baskets summaries.
- An annual calendar of due dates of your required deliverables.
- Linking all web pages of their defined terms and section references, so that you are clicking links rather than flipping pages.
We bring control by:
- Having you identifying the people in HQ and in the business units who can make decisions or be most knowledgeable about each covenant
- Writing web or paper questionnaires tailored to these people about their covenants.
- Our web reporting tools that make it easy to run the quarterly questionnaires, follow-up on laggards, validate the answers, and identify the exceptions that need to be managed.
- Providing a best practices debt compliance policy that supports the entire process.
The result is your confidence in a comprehensive process that you would be proud to show your Board that:
- Reduces the risk of inadvertently breaching covenants due to ignorance or making avoidable mistakes due to incomplete processes.
- Trains senior operating and financial management on their debt compliance responsibilities via their tailored quarterly web questionnaires so that business decisions are made taking into account covenant restrictions.
- Saves valuable treasury and legal staff time in the quarterly compliance process and eliminates hours of painful drudgery flipping pages researching a given issue.
- Allows you to proatively manage your lenders about potential covenant issues so you can negotiate consents before the fact, rather than amendments and waivers after the fact.
As a cloud-based service, there's no involvement or maintenance by your IT department. The cost can be capitalized with your other financing acquisition costs, amortized as interest expense over the life of your debt.
What Others Say
"Debt Compliance Services' tools reduce my risk, save me and my team time and effort, and have made our compliance reporting easy. Gone are the days when we would have to pull out our worn, dog-eared loan documents to review all of the various covenants and restrictions before making critical strategic business decisions. With DCS, reviewing our agreements is literally done with a few clicks of the mouse." Al Gever, EVP & CFO, Smart Balance.
See the articles about us in the AFP Exchange, The Wall Street Journal, Treasury and Risk Magazine, CFO Magazine, and the FEI Financial Executive Magazine.
August 2011 Debt Compliance Benchmarking Report
This benchmarking report on how 200 American companies are doing their debt compliance shows that there are four critical debt compliance practices. These practices are cumulative and reinforcing in their benefit. Not doing these practices – and using half-measures instead – results in a significant degradation in the effectiveness of the debt compliance. The report concludes with a detailed outline of all the elements that should be in a debt compliance policy, elements that are fully justified by the benchmarking data. This report will be invaluable for convincing your CFO to invest more resources in the your debt compliance process. Download the Benchmarking Report. A related article on Best Practices in Debt Compliance appeared in the the December 2011 issue of the AFP Exchange.
Debt Compliance: The Overlooked Enterprise, SOX and Career Risk
This white paper dispells some dangerous myths about the unimportance of debt compliance risk.
Ask for a Web Demo
Call either of our two Co-founders for a 45-minute, no obligation demo: Jeff Wallace at 303-442-4433 (MT) or Jim Simpson at 203-329-7491 (ET).