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Jonas Construction Buyer Guide Block

Penny It Works

By TKS Solutions, LLC

Current Version: 10.1 
Product Description  


Penny® is the software solution hedge funds and investment advisors have been waiting for.

This easy-to-use multi-currency system integrates partnership and shareholder accounting for funds.
It also includes a general ledger, allocation system, and accounts payable for management companies.

The software was built to automate data entry, generate reports in an instant, and
integrate seamlessly with other systems - streamlining the complex work of managing investment partnerships and funds. It also has extensive private equity capabilities.

If you use Penny® - It Works fund administration software, then fast and accurate investor reporting is more than wishful thinking.

Finally, fund administrators and accounting firms can fully automate back-office partnership and shareholder accounting, off-loading the arduous performance estimates, fee calculations, allocations, and tax estimates to a system designed to handle many clients–each with their own fund nuances.

The system handles hedge funds, fund of funds, master-feeder structures, private equity funds, and mutual funds. Penny® can be tailored individually for each fund and client to generate and help distribute customized performance reports and investor statements.

Contact Information
Support: phone: 914.358.0016
Sales & Marketing: phone: 203.358.0016
Target Customer Profile:  
Investment partnerships, hedge funds, family offices, fund administrators
Download/Demo Available: Yes 
Average Price:   $10,000-29,999
(based on a single location: 1-5 users)
Target Business Size:   Enterprise (+ $100 million Revenue)
No. Installations: 26-50
Target Country(s):
United States
Target Industry(s): Finance, Banking & Investment Services
Certification Program: No
Implementation Services: Recommended
Avg. Implementation Period: 1-4 Weeks
Support Services: Context Sensitive Help within System
Knowledge Base - Internet
On-site Consulting
Person to Person Phone Support
Printed Manuals
ASP/Hosted Solution: Yes
Client Operating
Windows 7
Windows 2008
Windows Vista
Server Operating
Windows 2000
Windows 2003
Windows 2008
Development Tools: Microsoft Visual Basic .Net
Database(s) Supported: Microsoft SQL Server
User Interface: Windows
Customization: Yes
Industry Standards
ADO Compliant
Business Functionality
General Classification: High-End Accounting
Functionality: Other: Full partnership and shareholder accounting, multi-currency.
System Independence: Stand-a-Lone
Additional Information:  

This product integrates to the following other solutions...
Other solutions that integrate with this product...

Note: The vendor profile above for (Penny It Works
) is not written by Accounting Software 411. Information is provided and maintained by the vendor TKS Solutions, LLC and/or by third party sources. Accounting Software 411 confirms basic company data prior to posting a profile. The above information is not a review or endorsement by Accounting Software 411 of the product.

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