Penny - It Works® is an acclaimed back-office accounting system used by over 640 funds to handle offshore, offshore, and private equity accounting, including: investors, allocations, fees, G/L, A/P, and partner taxes. Said one hedge fund COO who deployed the software, "we looked at every investment partnership & shareholder accounting system on the market, and Penny was the only one that handled both - flawlessly
Many of the worlds largest, most complex hedge funds, and over 20 percent of the top fund administrators, use Penny largely because it has the complex multi-tiered fee calculations, detailed audit trails, and customizable reporting they need to make sure investor statements are timely and accurate.
Other drivers are the no-risk monthly pricing model, 3 week average implementation time, and unique facility to start now and backload fund historical data later. Built on .NET technology, the softwares easy-to-use interface includes multi-tasking & universal search.