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.
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.
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.