Penny Review - why 4.6 stars?
Compare Pricing
| ITQlick Score: | 56/100 |
|---|---|
| ITQlick Rating: |
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| Pricing: | 5/10 - average cost |
| Category: | Expense Management -> Penny review |
| Ranking: | Ranked 28 out of 31 Expense Management systems |
| Company: | TKS Solutions |
| Typical customers: | Small, medium and large size businesses |
| Platforms: | Desktop |
| Links: | Penny pricing, Penny alternatives |
Shlomi Lavi / updated: Sep 29, 2019We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .
Table of Contents
What is Penny?
Penny is a fund accounting software solution for businesses of all sizes. It manages budgeting and forecasting and also offers such services as customizable reporting, integration, and others. The software was designed and launched by TKS Solutions LLC headquartered in New York, United States.Who is it best for?
Customers of the software include small and medium businesses as well as large enterprises. Major industries where it can be deployed include financial services, retail and wholesale, automation and manufacturing, management companies, and others. Some notable clients of the software include Ramius Capital and 3 Billion Dollar Fund Group etc.Main features and functionalities
The software comes with a simple and intuitive user interface facilitating reliable multi-tasking and speedy data entry. It completely automated back-office partnership and shareholder accounting, streamlining such aspects as fee calculations, allocations, and others. Customizable reports can be created about the pre-incentive and post-incentive investor performance. Linked and internal rates of return can be determined and optionally reported on the investor statements.Penny offers tracking of complex fee arrangements such as redemption fee and private equity waterfall distribution. It also offers workflow auditing and customized investor services to fit the specific needs. Other important capabilities include accounts payable management, activity audit, compliance management, and general ledger.
What is the actual cost?
ITQlick pricing score is 5 out of 10 (10 is most expensive). Access ITQlick pricing guide for Penny.How it stacks up?
Access a head to head analysis of Penny vs alternative software solutions. ITQlick rating
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Frequently Asked Questions (FAQs)
List of categories
Fund Accounting
Auditor - Shlomi Lavi
Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.