Penny-It Works

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Overview

SAY Sayōnara . TO SPREADSHEETS

POWERFUL . FLEXIBLE . ACCURATE

With an easy-to-use .NET interface, robust SQL database, and carefully-architected logic layer, Penny It Works® seamlessly integrates fund, investor, partner, private equity, and shareholder accounting.  It is the most robust fund/investor accounting package on the market, handling the entire workflow -- after the portfolio, through investor allocations, through fee calculations, through investor statements, to the tax return.

Key Features

STATE OF THE ART . INVESTOR & FUND ACCOUNTING

STREAMLINE YOUR BACK OFFICE

Our award-winning system includes A/P, G/L, check-writing, journal entries, management & incentive fees, and estimates.

ACCURATE INVESTOR REPORTS

Penny® can be tailored individually for each fund and client to generate performance reports and investor statements.

FOR ALL FUND TYPES

Whether you’re a fund administrator, a hedge fund, private equity firm, or involved in wealth management, Penny has you covered.

Key Benefits

REPORT TO INVESTORS

  • Calculate pre and post-incentive performance for investors and funds overall.
  • Determine linked and internal rate of return.
  • Press one button, and in less than 10 seconds, you’ll have clear investor statements and accurate monthly performance results.

TACKLE COMPLEX FEES

  • Whether it’s a redemption fee based upon an optional liquidity gate or a private equity waterfall distribution, Penny It Works® can handle it all.
  • Included in the system are load fees, incentive fees, management fees, capital fees, and redemption fees.

TAILORED TO YOUR NEEDS

  • For fund administrators, Penny provides the workflow, auditing, controls and regulatory reporting (FATCA) critical to your success.
  • For fund managers, the system gives you the tools to streamline investor services as well as track investors’ capital down to the individual contribution lots.

Product/Service details

User Suitability (Capital Markets & Investment Mgmt)
Asset Managers, Wealth Managers