Simple and powerful investor communications.
Covercy allows us to have one platform that address all our company's investor relations needs: reporting, issuance of quarterly …
Starting at $238 per month
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What is Covercy?
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.
Recent Reviews
Reviewer Pros & Cons
Pricing
Entry-level set up fee?
- No setup fee
For the latest information on pricing, visithttps://www.covercy.com/pricing
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Starting price (does not include set up fee)
- $238 per month
Product Details
- About
- Competitors
- Tech Details
- FAQs
What is Covercy?
Covercy is a Real Estate Syndication Management Software where banking meets investment management, for commercial real estate investment firms. It offers automated distribution and capital call payment processing, an Investor Portal, and APY yielding checking accounts.
Covercy is a banking-embedded investment management platform designed for the CRE (Commercial Real Estate) space. This platform is at the intersection of investment management and financial services. Covercy helps CRE investment firms with HNW (High Net Worth) investors grow their AUM (Assets Under Management). The Covercy SaaS platform manages real estate investment assets from fundraising to distribution of payments. The software tool streamlines investment management operations, automates fund distribution and empowers HNW and family office investors through a high-end investor portal. Covercy combines mission critical financial services with investor administration.
Managing payments can be a hassle for real estate GPs (General Partners). The Covercy Platform automates every step of the distribution process:
Calculates the distribution amount
Executes the payment (moves money securely)
Auto-notifies the investors
Auto-reconciles the distribution
Becomes a system of record
Covercy was founded as a foreign currency exchange business in 2015. The majority of the transactions were for commercial real estate. The vendor states that upon further investigation, there was a gap in the marketplace for investment management with embedded financial services, and so their Investment Management platform with its fully-functional investor portal was born.
Covercy Features
- Supported: Fundraising Management with online payments
- Supported: Automated Waterfalls to calculate distributions
- Supported: Investor portal
Covercy Competitors
Covercy Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
| Supported Languages | English |
Frequently Asked Questions
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.
Covercy starts at $238.
Juniper Square, RealPage Investment Management, and AppFolio Investment Manager are common alternatives for Covercy.
Reviewers rate Availability highest, with a score of 8.3.
The most common users of Covercy are from Small Businesses (1-50 employees).
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Reviews and Ratings
(30)Attribute Ratings
Reviews
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March 25, 2024
Simple and powerful investor communications.
- Customer service
- Integration of a banking with the platform
- User-friendly interface
- The user interface is very good, but it is not completely intuitive.
March 12, 2024
Recent Covercy user
- The website is very easy to use and visually appealing
- Covercy showed how much the same transaction would cost on other applications
- Covercy's transaction tracker was easy to use
- Covercy’s customer service could be reached over email
- I would've liked Covercy to be able to move money from the US to Israel
- Covercy's customer service was a bit slow
- Covercy required a lot of documentation uploading to get started and it was confusing
- It was easy to navigate the system
- Smooth processing of transactions
- Provide convenient way of accessing our accounts
February 27, 2024
First time real estate project with Covercy
- Technical support whenever I didn’t understand something
- Collect payment from partners
- Lp portal
- Covercy could benefit from enhanced report and dashboard customization options to better cater to the specific analytical needs of different organizations.
February 27, 2024
Better your investing with Covercy!
- Clean interface
- Easy banking
- Investor tracking
- More detailed waterfall calculator
- Previously sending wires (now integrated)
February 27, 2024
Covercy was exactly what we needed!
- Investor updates
- Automating promotes
- Managing distributions for partnerships
- Better graphic integration
February 27, 2024
Covercy helped us simplify our process of sending distributions and made everything easier.
- Addressing any issues quickly
- Safely transferring distributions
- Easy set up
- Adds a professional touch for investors to login and see their investments and history.
February 27, 2024
Covercy is a great investor management portal.
- Distributions
- Waterfall Structures
- Bank Transfers
- Enabling multiple email addresses per investor
February 27, 2024
Everything in one system
- Client Services
- Onboarding
- Usage system
- Multiple authorization levels in the system
- Assistance with incorrect/rejected payments
- contact with the partner bank currency cloud
February 27, 2024
Covercy is very easy, convenient, and not expensive
- Transferring money
- Hanging deals
- Costumer services
February 27, 2024
Covercy is a great tool for GP / LP investor syndication management
- Organization
- Metrics
- UI
- Simplifying Metrics a bit
- Input of deal flow is confusing at times
- One click distributions for our investors.
- Interactive investor portal which is easy to use and mobile friendly for our investors.
- Online repository of investment documents that is accessible to all investors at any time.
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May 30, 2022
Covercy for Private Real Estate Investor Funds
- Distributions to clients are easy and straightforward
- Customer service is quick to respond
- Updating and adding new assets is very easy
- Return information is set within hard parameters, we can't show investors their return growth after our year-end NAV update.
- You can't distribute new reports to individual investors or specific clusters of investors.