Better your investing with Covercy!
February 27, 2024

Better your investing with Covercy!

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Covercy

We use Covercy to manage our real estate investors, their reports and distributions. We found that other platforms were very expensive likely due to all of the unnecessary features included. Covercy is a simple to use platform that our team and our investors can easily navigate. Our biggest need was a simple way to distribute cashflow, and Covercy provides that.
  • Clean interface
  • Easy banking
  • Investor tracking
  • More detailed waterfall calculator
  • Previously sending wires (now integrated)
  • Distributions
  • Banking
  • Return Calculations
  • Reducing liability of storing bank accounts and private info has been very important. No particular affect on return.
  • Sharing reports en-masse has saved significant time.
Using Covercy has led to an increase in investor trust and simplicity on the investment side. Tasks that would've been frustrating otherwise, were simplified into one platform to manage it all.
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.
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.

Do you think Covercy delivers good value for the price?

Yes

Are you happy with Covercy's feature set?

Yes

Did Covercy live up to sales and marketing promises?

Yes

Did implementation of Covercy go as expected?

Yes

Would you buy Covercy again?

Yes

Covercy is well suited in real estate investment/syndication and likely many other forms of investment where there are multiple investors to keep track of and distribute funds to. It could certainly be adapted to VC type investment, it would just require a slight change to the backend.