5 new awards make Penny It Works the Sally Field of fund accounting software

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26 May 2015
Mt. Kisco. NY, United States

If software could blush, Penny® It Works would be after winning a spate of industry accolades as best fund accounting software.

Upon winning her second Oscar in 1985, actress Sally Field famously said in her acceptance speech “You like me. You really like me”.

That perfectly captures the sentiment around TKS Solutions these days after the company’s flagship software, fund accounting system Penny® It Works, notched 5 industry awards in rapid succession:

  1. Best Global Fund Accounting Software - Wealth and Finance Magazine
  2. Best Hedge Fund Accounting Software US - Corporate Live Wire
  3. Client Choice Award: Best Back-Office Accounting Software - AI Global Media
  4. Innovation and Excellence in Fund Accounting Systems - Fenice Media
  5. US Accounting Platform of the Year - ACQ

These accolades come closely on the heels of Penny garnering Acquisition International’s prestigious Hedge Fund Accounting Software of the Year award.

The acclaimed software, Penny® It Works, is by TKS Solutions, a registered Microsoft Partner that offers specialized partnership and shareholder accounting solutions for the financial industry.

Penny is used to manage more than 950 funds with more than $490 billion in AUM, providing automated and instant access to detailed investor data.

Penny’s open architecture and proven features easily integrate with portfolio accounting and CRM systems, data warehouses and in-house proprietary solutions.

Penny is tailored to the specific needs of leading hedge funds, fund of funds, PE firms, fund administrators and management companies with assets under management ranging from $100 million and up.

Says Art Shulman, CEO of TKS Solutions, ”our organization is comprised of a remarkable group of alternative investment accounting veterans that give us the expertise to develop software in a way that cannot be matched by our competitors.”

The TKS staff’s deep understanding comes from real-world experience — a CFO of a large hedge fund group, controller of a private equity organization, lead developer for a major fund administrator — which gives the team an unrivaled ability to create flexible, user-friendly, automated solutions for the demanding back-office alternative investment environment.

A big factor in Penny’s continued success is the deep analysis that goes into the product design process that starts with a constant review of regulatory literature, as well as ongoing communication with clients. Founder Ron Kashden explains: ”when we uncover a need, we gather our experts together to determine what the underlying purpose of the request is and how that might morph in the future. This deep analysis allows us to create a more holistic solution that goes beyond superficial answers.”

We endeavor to enhance our product so that it not only solves today’s needs, but is flexible enough to handle tomorrow’s anticipated problems.

About TKS Solutions

TKS Solutions is the firm that brings you the acclaimed software, Penny It Works®. TKS is a registered Microsoft partner offering specialized partnership and shareholder accounting solutions for the financial industry. Penny It Works® is used to manage upwards of 600 onshore and offshore funds with more than $490bn in AUM.

The award-winning system provides automated and instant access to detailed investor data, performance, fees, and transactions.

Penny’s open architecture facilitates easy integration with portfolio accounting systems, data warehouses and proprietary solutions. Penny is tailored to the specific needs of leading hedge funds, fund of funds, private equity firms, fund administrators and management companies with assets under management ranging from $100 million to $60 billion.

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