Even with the best, easiest-to-use software on the market, there's just no getting around it – partnership and shareholder fund accounting is complex. That's why TKS Solutions offers access to experts who can provide support, advice, and operating services during fund set-up, maintenance, or at peak periods such as month-end closings or during tax season.
The Penny–SOS Team is Here to Help!
While we are not a fund administrator, nor a public accounting firm, we do employ a cadre of experienced hedge fund CFOs, CPAs, and fund accountants, as well as skilled IT consultants with experience integrating Penny® with portfolio accounting and investor services systems.
Penny–SOS is a real lifesaver for overtaxed back-office fund accounting groups
Headed by Joe Daly, a seasoned financial services executive with experience leading the accounting teams at two major fund administrators, the Penny–SOS group possesses in-depth knowledge of the ins-and-outs of alternative investment accounting, including: clawbacks, side-pockets, complex incentive fees, waterfalls, performance calculations, layers, master-feeders, commitments, capital calls, and distributions.
Our team has experience not only with the full feature set of Penny®, but also with all of the intricacies in offshore and onshore accounting for hedge funds, private equity, fund-of-funds, and investment management companies.
Our Experts Can Provide Support For:
- data migration from legacy systems or spreadsheets
- customization of reports or investor statements
- ongoing accounting data entry and maintenance
- on-boarding new funds or clients
- system integration, including feeds and exports
- process, procedure, and workflow analysis
- month or quarter-end processing and client reporting
Because Penny's interface is so user-friendly, many customers choose to handle data imports and report modifications themselves. But for firms that can't spare the resources to handle initial system set-up, back-loading, and report customization, the expert consultants who comprise the Penny–SOS team can quickly get you up and running.
Alternatively, for start-up funds or smaller firms that prefer not to host and run the system themselves, we provide an option for jump-starting your in-house back-office. Our experienced fund accountants can run your system on our servers at a fraction of the cost of building out an in-house team.
Get in Touch
Give us a call at (914) 358-0016 or shoot us an email to get the conversation started on how we can help.
Download the Penny–SOS brochure (PDF).
