2 OUT OF 3 OF THE WORLD’S LARGEST FUNDS ARE ON PENNY.
Back office fund accounting…
Investment fund accounting for partners and shareholders is definitely NOT something you want to do with a spreadsheet.
As a specialized partnership and shareholder fund accounting solution, the Penny® system handles fees, G/L, A/P, and taxes – and manages the complexities of tranches, waterfalls, hurdles, layering, side-pockets, share equalization, clawbacks, feeders, commitments and withdrawals.
The award-winning system plugs seamlessly into your infrastructure, and has been carefully crafted for ease-of-use and painless implementation.
Penny® was created in 2006 by TKS Solutions, a registered Microsoft Partner. TKS Solutions was purchased by the Eze Software Group in November, 2015 to complete its front, middle, and back office financial technology suite.
WHAT OUR CLIENTS SAY
PENNY . THE WISE CHOICE
Why Penny It Works? For us, fund accounting isn’t a sideline – it’s what we do. Penny has long been the most feature-rich, easiest-to-use, and flexible stand-alone back office fund accounting software available. With the recent purchase of our company by the Eze Software Group we will also be able to offer Penny as part of an integrated front, middle, and back office investment technology solution.
A TEAM WITH DEEP EXPERTISE IN FUND ACCOUNTING
Ron leads the company’s technology operations. He has twenty years experience in financial services technology and accounting.
Previously, he served as CFO of the Tiedemann Investment Group and headed software development at SAC Capital and HedgeWare. He is a CPA and holds a B.S. in accounting from Lehigh University.
Gene started in Price Waterhouse’s tax practice, and has over 25 years of experience working with hedge funds and alternative investments.
He headed business development for HedgeWare / SS&C, and worked with VPM and Morgan Stanley Fund Services. Gene holds a BBA in Accounting and a BA in English from the University of Notre Dame.
Sue is a CPA with over 20 years of experience in hedge funds, private equity and partnership taxation. She previously managed accounting services at HedgeWare.
An expert in the nuances of partner and shareholder investment funds, Sue has a BS in Business Management, Marketing and Accounting from Cornell University.
Chris has 15 years of experience in financial accounting technology, system design and technology management.
He managed development at SS&C Technologies and led development at Morgan Stanley Fund Services. Chris has a BS in Computer Science from Manhattan College and an MBA from NYU’s Stern School of Business.
Mike has 20 years of experience in financial services, with a focus on fund operations in the alternative space.
Previously, Mike was a key man on a number of engagements for Beacon Consulting Group, a leading financial services consulting firm. He holds a BA in Economics from St. Michael’s College and an MBA from Boston College.
HOW IT STARTED
THE PENNY ORIGIN STORY