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.
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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
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March 25, 2024
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 distributions via ACH, posting of investor tax documents, and automatic calculation of preferred returns and cash flow waterfalls. The platform is the perfect balance of depth of features and ease of use.
March 12, 2024
Recent Covercy user
Covercy was used to make international money deposits from Israel to other western countries, including the UK, France, Germany, and the United States. Covercy was a pretty slick online application that showed how much any transaction would cost, including up to date currency exchange rates and fees. I felt the user interface was more easily understood than some its competitors which added to its appeal.
Covercy has helped our team in facilitating ditributions to property owners and investors. With this, we were able to streamline our distribution process by using Covercy services at the same maintaining the transparency of account balances. Having easy access to these funds has been very helpful us accountants especially in monitoring transactions and balances.
February 27, 2024
First time real estate project with Covercy
Covercy has been instrumental in streamlining our organization's real estate investment management processes. By leveraging their robust platform, we've addressed the complex challenges of payment distribution and fundraising efficiency. Our use case encompasses the entirety of our investment operations, from handling investor contributions to executing payouts, and managing our financial records within their secure, intuitive environment. Covercy's solution has significantly reduced the administrative burden on our team, allowing us to focus on growth and investor relations. The seamless integration with banking systems and real-time financial oversight has boosted our operational transparency and investor confidence. Moreover, their customer service has been exceptional, providing timely and insightful support whenever needed. Overall, Covercy has enhanced our operational efficiency and has become an indispensable tool for our real estate financial management.
February 27, 2024
Better your investing 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.
February 27, 2024
Covercy was exactly what we needed!
Covercy has been an excellent investment management platform for us to streamline our investor relations and managing our distributions and promotes. We reviewed multiple platforms but are very glad we found and landed on Covercy. I would definitely recommend it!
February 27, 2024
Covercy helped us simplify our process of sending distributions and made everything easier.
We are a property management company. We started using Covercy last year. They have helped us every step along the way. Setting up accounts and investor information is very easy to do. Paying out distributions take so much less time now, with just the press of a button. Any issues they were easy to contact and knew how to solve any problem within minutes. Very professional, trustworthy and worth using Covercy. Thank you for making everything easy. We sure appreciate it.
February 27, 2024
Covercy is a great investor management portal.
I use Covercy for my investment management of the real estate assets that I manage. We manage multifamily and manufactured housing properties throughout the United States.
February 27, 2024
Everything in one system
I use Covercy for payouts to investors for in-total 4 entities and checking previous payouts. directly retrieving statements from the system would be helpful and set up of multiple authorization levels to comply with our internal compliance
February 27, 2024
Covercy is very easy, convenient, and not expensive
I am working with real estate investors, and I found that transferring money with Covercy is very easy, convenient, and not expensive. So I am suggesting to all my customers to do all the money transferring 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)
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)
May 30, 2022
Covercy for Private Real Estate Investor Funds
We use Covercy as an investor portal for our private real estate fund investors. It allows them to see their personal investment in our private fund, as well as all the assets held within the fund. We also utilize it for outside investors who invest in individual assets alongside the fund, but who are not invested in the fund itself. It allows us to distribute quarterly reports within minutes to all investors, send distributions directly to client bank accounts (we used to mail checks), and post information about current and new investments along with updated photos on development projects.