Easy and powerful investor management & banking solutions for real estate firms
June 08, 2022

Easy and powerful investor management & banking solutions for real estate firms

Alon Gorbonos | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Covercy

I first started using Covercy as I was wasting too much time on back office / admin work for my fund, and wanted to focus more on doing deals and creating value to my investors.

Currently Covercy is utilized in my company for the following:
+ Investor management - Covercy provides an easy and friendly cloud base platform in which all updates and information is available to the investors online
+ Distributions of funds is done through the Covercy platform, instead of sending each investor a wire, we send the entire amount to our escrow with Covercy and the system automatically distribute it to each investor to the account and currency of their choice
+ Bank accounts (Covercy allows us to setup and manage banking for our properties within it's platform)
  • 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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  • One click distributions
  • Investor portal
  • Banking
  • Increased investor satisfaction and communication significantly.
  • Reduced time spent by management for admin/back office work.
  • Increased security around money transfers.
  • Allowed self-serve functionality to investors.
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).

Do you think Covercy delivers good value for the price?


Are you happy with Covercy's feature set?


Did Covercy live up to sales and marketing promises?


Did implementation of Covercy go as expected?


Would you buy Covercy again?


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.