Designed by seasoned industry experts, Penny™ easily handles the complexities of partnership accounting for your investors. Multiple users can input data simultaneously, while the system's powerful security model lets you easily configure different rights and roles.
- Track investments by contribution.
- Automatically allocate investment results by partner.
- Monitor subscriptions for anti-money laundering requirements.
- Calculate estimated returns any time, even on a daily basis and including performance fees.
Extensive Investor Transactions
- Contributions - record partner capital.
- Withdrawals - specify percentage or amounts.
- Assignments - transfer among or between partners.
Incentive & Management Fee Calculations
- Rolling fees - report on year-to-date fees (charged or uncharged).
- Losses - complete loss carry-forward calculations.
- Withdrawal charges - avoid overpayments by calculating fees on exit.
- Calculation overrides - make it easy to handle special circumstances.
- Hurdles, thresholds, and clawbacks - all supported including variable/time-weighted rates.
Powerful Tracking & Reporting
- Capital-based fees - calculate custodial fees.
- Income at posting - get interim results without closing.
- Robust allocations - by capital, partner, hot issue, custom.
- Salesperson capital tracking - easing commissions.
- Document distribution - organizes recipient data.
- Performance calculations- IRR and linked rates of return.