Modernize Back-Office Operations

If you’re still using 1990’s fund accounting systems – it’s time to stop.

Our award-winning investment partnership & shareholder accounting software, Penny it Works®, is built on state-of-the-art .NET technology.

Penny® offers unparalleled system connectivity to facilitate rapid deployment, and its easy-to-use interface streamlines operations.

Onshore & Offshore

There are a lot of different shareholder accounting & investment partnership accounting systems.

But Penny® is the only software on the market architected from the outset to handle both onshore and offshore entities.

Accurate Data Entry

  • Initialize at any point in time, and backload historical data later.
  • Easily import data from spreadsheets or portfolio accounting systems.

A/P & G/L

  • Handle management company or family office G/L, A/P, and budgeting in the same system you use for fund accounting.
  • Allocate expenses across funds and investors.
  • Visualize complex master/feeder structures.
  • Create checks & wires.

Put Penny to Work

Penny® was designed for

FUNCTIONALITY.

Discover what fund accounting software can really do

Fund AdministratorsThe only back-office fund accounting system you’ll need – regardless of client complexity
Hedge
Funds
Named best partnership & shareholder hedge fund accounting software
Private
Equity
Manages commitments, calls & distributions. Accrues fees & capital over tranches.
Wealth
Managers
Consolidates G/L & A/P for trusts, beneficiaries & ultra high net worth individuals.
Management companiesEnables investment management companies to integrate G/L, A/P, checks & wires.

WHICH PENNY SOLUTION

IS RIGHT FOR YOU?

Penny It Works - hedge fund accounting software

PENNY IT WORKS

Integrates fund, investor, partner, private equity, and shareholder accounting. Handles estimates, fees, allocations, investor reporting,

PENNY FEE CALCULATOR

Add complex management and incentive fee logic – tiers, hurdles, and clawbacks – to your existing infrastructure.

PENNY TAX MODULE

Import data from any trading system. Layer and allocate realized gains to investors using full or partial netting. Generate K-1s and schedules.

PENNY BULLPEN

Confidently create, vet for accuracy, edit, approve, and distribute investor statements and reports.

PENNY SHADOWING

Double-check your fund administrator. Automatically import, reconcile, and analyze administrator data in-house.

WORD ON THE STREET

Ramius“Penny intuitively automates key shareholder accounting tasks. It plays a key role in our overall infrastructure.”
Reuters review of Penny It Works“For hedge fund managers yearning to know which clients will come or go, Penny® is the next best thing to a crystal ball.”
“We looked at every investment partnership & shareholder accounting system on the market… Penny® was the only one that handled both—flawlessly.”
Tiedemann Wealth Management“Penny® is great at what it does. We have surveyed the market and not found a better suite of products.”
Strata Fund Solutions“During our rigorous assessment process, we found that Penny – It Works® handled a wide variety of real-life scenarios. The system is easy to use and easy to initialize.”
Gemini Fund Services“We look forward to working TKS Solutions, which provides highly sophisticated accounting software for financial companies, to deliver value-added solutions to our clients.”

BRAGGING RIGHTS

WHY CHOOSE PENNY?

  • Ease of use – intuitive user interface supports multi-tasking and speeds data entry.
  • Powerful reporting – detailed audit trails. Customizable reports. PDF or Excel exports.
  • Seamless integration – Feeds from Advent Geneva, MSPA, and others.
  • Fast implementation – initialize at a point and backload later.
  • Customization and localization – multiple currencies and date formats. Developer API.
  • No-fuss hosting – just SQL Server & .NET.
  • No-risk pricing – monthly fee based on users & AUM.