timveroOS for ABL: Eligibility, NOLV, and Exams, Done Right

KYB/KYC checks, UCC filings, and dominion or lockbox terms are captured upfront with audit-ready documentation. Facility structures — AR, inventory, or blended — are defined with limits, covenants, advance rates, reserves, and ineligibles set as policy-driven code. Approval chains, reporting cadences, and role permissions are embedded into workflows. Every action, override, and document is versioned and logged, reducing rework, eliminating spreadsheet dependency, and supporting compliance from day one.

Accounts receivable agings, invoices, credit memos, and payments are ingested automatically, with dilution, contra, and dispute detection built in. Inventory feeds import balances, SKUs, locations, and WIP, with NOLV haircuts applied consistently. Eligibility and concentration rules — debtor, SKU, or geography — execute as code with governed overrides when required. All inputs and versions are persisted for committee review, regulator traceability, and internal audit trails, ensuring that availability calculations are explainable and defensible under scrutiny.

The borrowing base engine computes availability using reserves, participations, and concentration limits, producing transparent BBCs on demand. Explanation packs break down how headroom changed and why, highlighting ineligible shifts and reserve movements. Once approvals flow through governance, funding triggers seamlessly and updates borrower portals. GL postings, fee and interest accruals, and daily sweeps reconcile automatically with bank and lockbox data. This closes books cleanly, reduces leakage, and provides controllers with confidence that finance and risk remain aligned.

Covenant tracking covers minimum availability, dilution caps, and inventory turns, generating real-time alerts before thresholds break. Exceptions, disputes, and past-dues are routed into governed workflows with full audit trails. Field exams are scheduled digitally, with sampling, variance checks, and roll-forward reconciliations aligned to book and physical counts. Lockbox and remittance reconciliations run daily, surfacing anomalies and trendlines for exam teams. Standardized exam workpapers and variance reports shorten cycle times and help ensure regulator and auditor expectations are consistently met.