Latest Penny-It Works Software Release Focuses On Enhanced Usability and Control

Industry: Finance

TKS Solutions, LLC has issued their latest version of the Penny-It Works investment partnership accounting software, with a strong focus on enhanced usability along with

New York (PRUnderground) October 6th, 2014

Released on September 30, Penny v10.2 empowers clients with the ability to customize features to better meet their business needs.

    • A modifiable user interface is now available that is based on an individual user’s role and permissions.
    • Enhancements include a customizable main screen, templates for custom reports, a time saving copy function to edit data, and additional custom reports and data fields.
    • Private equity enhancements include: ease of implementing historic calls and distributions even with assignments, along with enhanced workflow for capturing historic information for the waterfall calculations.

Founder Ron Kashden explains, “We are focused on supporting the Penny user to meet their growing needs in an industry that is growing ever more complex.”

With this in mind, another user-focused feature is the upgraded Help system that houses a wealth of resources—“how to” videos, tips and process maps in addition to over 1,100 pages of searchable screens—for additional learning about Penny and how to use its features.

As with previous releases, Penny v10.2 also incorporates more robust calculations, providing the user with the ability to add even greater nuances to their reporting capabilities. Penny comes with over 600 standard reports, along with a built in report writer that now includes new templates that allow clients to create their own custom reports.

About TKS Solutions

TKS Solutions is the firm that brings you the acclaimed software, Penny It Works®. TKS is a registered Microsoft partner offering specialized partnership and shareholder accounting solutions for the financial industry. Penny It Works® is used to manage upwards of 9500 onshore and offshore funds with more than $490bn in AUM. The award-winning system provides automated and instant access to detailed investor data, performance, fees, and transactions. Penny’s open architecture facilitates easy integration with portfolio accounting systems, data warehouses and proprietary solutions. Penny is tailored to the specific needs of leading hedge funds, fund of funds, private equity firms, fund administrators and management companies with assets under management ranging from $100 million to $60 billion.

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