In which Penny celebrates its ninth birthday with a graphical history of software, a look back at the evolution of the system's frontend, a preview of regulatory features, and Fudgie the Whale.
As the fund accounting system provider for a broad and diverse group of hedge funds, private equity firms, and fund administrators, we have a birds-eye view of emerging needs. From our perch, here's our predictions for 2015.
In which we use Pink Floyd, Samuel L. Jackson, and PSY's gangnam style (ever seen an accountant dance?) to explain how to manage funds' capital capacity.
In which the Easter bunny, Kelly Taylor from the original 90210, Rocky Horror's Riff-Raff, and the Star Trek the Next Generation's Worf are used (and probably mis-used) in the service of explaining the tax implications of the two options for handling incentive fees.
In which we explain how quantum teleportation and a dearth of OREOs inspired our development team to bake a delicious new set of automated workflow tracking features into Penny.
In which the Rolling Stones and Nannerpuss help us illustrate why utilizing the common date conventions in fund accounting is like playing with fire. Which, of course, lets us shine a light on our enhanced, bulletproof 30/360 approach.