Covercy

Covercy

30 Reviews and Ratings

Overview
Product	Rating	Most Used By	Product Summary	Starting Price
Covercy	Score 8.6 out of 10	N/A	Covercy is a Banking-Embedded Investment Management Platform built for commercial real estate investment firms. It offers automated distribution & capital call payment processing, an Investor Portal, and APY yielding checking accounts.	$238 per month

Pricing

Covercy

Editions & Modules

No answers on this topic

Offerings

Pricing Offerings
Covercy
Free Trial
Yes
Free/Freemium Version
Yes
Premium Consulting/Integration Services
No

Entry-level Setup Fee

No setup fee

Additional Details

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More Pricing Information

Community Pulse
	Covercy
Ask people about this product	See helpful people who have experience with this product
Considered Both Products	Covercy Verified User Manager Chose Covercy Covery seemed to have the lowest administrative fees and is one of the only companies that allows transfers originating in Israel to western countries. Incentivized Helpful? Verified User Executive Chose Covercy Most of them provide similar functions, but for me it was a matter of simplicity and cost. Covercy makes the most sense for our team and for our investors. The lighter our spend, the lighter our fees can be. Incentivized Helpful? Verified User Partner Chose Covercy Covercy was better suited for our needs. More customizable solutions and a more intuitive platform. AppFolio is our PM software and even despite this (at a similar price point) we chose Covercy. Incentivized Helpful? Verified User Manager Chose Covercy Covercy is cheaper and the functionality is on par, if not better than Juniper Square. Incentivized Helpful? AG Alon Gorbonos Managing Partner Chose Covercy I believe that Covercy is the only solution that is currently allowing Real Estate firms to distribute funds to their investors directly through the platform. Also, both other solutions are pretty expensive compared to the reasonable pricing that Covercy has in place (function … Incentivized Helpful? SS Sadie Swisher Operations Manager Chose Covercy I don't remember the names of the other products we looked at, but Covercy was much more cost-effective than the other 3-4 products we demoed and offered a more holistic service. Incentivized Helpful?
Top Pros	Pro One click Pro Easy to use Pro Mobile friendly
Top Cons	Minus New reports

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User Ratings
	Covercy
Likelihood to Recommend	8.6 (13 ratings)
Availability	8.3 (10 ratings)

User Testimonials
	Covercy
Likelihood to Recommend	Covercy I believe that any small to medium size real investment firm could benefit from using Covercy as it reduces headcount and helps to streamline lots of back-office tasks. Probably for big firms those functions are fully staffed so they can do that in-house. Incentivized AG Alon Gorbonos Managing Partner Read full review
Pros	Covercy Distributions to clients are easy and straightforward Customer service is quick to respond Updating and adding new assets is very easy Incentivized SS Sadie Swisher Operations Manager Read full review
Cons	Covercy Covercy could benefit from enhanced report and dashboard customization options to better cater to the specific analytical needs of different organizations. Incentivized Verified User Anonymous Read full review
Reliability and Availability	Covercy I rarely have any downtime with Covercy. When there are any issues, I can email support and they usually get back to me within a day. Incentivized Verified User Anonymous Read full review
Alternatives Considered	Covercy I believe that Covercy is the only solution that is currently allowing Real Estate firms to distribute funds to their investors directly through the platform. Also, both other solutions are pretty expensive compared to the reasonable pricing that Covercy has in place (function of a number of properties rather than AuM or other methods). Incentivized AG Alon Gorbonos Managing Partner Read full review
Return on Investment	Covercy The ROI I can provide is for time management. It saves us at least 2 days' worth of work each quarter on capital distributions alone, and at least 30 minutes on each report distribution. Not to mention the amount of time it saves us on fielding client questions regarding their capital because they can just log in and see everything on their portal. Incentivized SS Sadie Swisher Operations Manager Read full review
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