Northcrest runs a 400-borrower asset-based lending book across UK commercial clients. For years its risk team relied on monthly spreadsheets and quarterly reviews. By the time a borrower position had shifted, the exposure was already on the books.
The challenge
Covenant monitoring was manual. Analysts pulled receivables and inventory files, reconciled them by hand, and recalculated borrowing bases in spreadsheets. A single review could take days, and it only captured a point in time.
As the portfolio grew past 300 borrowers, the model stopped scaling. Risk signals arrived late, month-end became a scramble, and the team spent more time assembling data than acting on it.
The approach
Finterface connected Northcrest source systems and standardised every borrower feed. Borrowing base calculations, covenant checks and risk scores now run continuously, with fully auditable outputs the team can review or override.
Instead of a quarterly snapshot, analysts see a live portfolio view. Exceptions surface the moment they appear, and every calculation is traceable back to source.
We see covenant pressure forming weeks earlier, and we act before it costs us. The month-end scramble is gone.
The outcome
Covenant-breach detection moved from weeks to days. The risk team monitors all 400 borrowers continuously, without adding headcount, and closes the month in a fraction of the time.
With inventory and receivables in one auditable data foundation, Northcrest has the reporting confidence to scale the book further, on the same team.