CODIX and LoanWatch target US ABL modernisation with borrowing base integration

CODIX has partnered with LoanWatch to integrate borrowing base intelligence into its iMX loan management platform, targeting asset-based lenders in the US market.

The partnership connects LoanWatch’s borrowing base calculation engine directly into CODIX’s iMX platform through a real-time API integration. Borrower data flows into LoanWatch, where ineligibles, advance rates and concentration rules are applied, before being fed into iMX for loan management and facility monitoring.

The deal is relevant because borrowing base calculation remains one of the most manual parts of asset-based lending. Many lenders still rely on spreadsheets, file uploads and separate collateral monitoring tools, even as receivables and inventory data become more available through accounting and ERP systems.

The integrated solution is designed to give lenders a single environment for collateral intelligence, loan management, syndication and monitoring.

For asset-based lenders, the value lies in reducing reconciliation work and improving the speed and consistency of collateral analysis. More structured borrowing base data can also strengthen portfolio analytics, early-warning indicators and AI-driven risk tools.

Borrowers should also benefit if the process reduces the manual preparation of receivables and inventory borrowing base reports. Connecting accounting and inventory systems directly to the platform could make facility reporting less time-consuming and less prone to errors.

Billy Quinn, Managing Director of CODIX USA, said US asset-based lenders want one environment for borrowing base intelligence and loan management rather than disconnected tools.

Jeff Carlson, Co-Founder and CEO of LoanWatch, said the integration makes borrowing base intelligence immediately actionable within a seamless lending environment.

The partnership is available now to US asset-based lenders and will be presented at upcoming SFNet events.

For the wider commercial finance market, the announcement points to a shift from digitising loan administration towards automating the collateral data layer that underpins ABL, factoring and receivables-backed lending.