New York-based TKS Solutions has expanded the feature set of its flagship partnership and shareholder accounting software, Penny. The multicurrency solution now boasts expanded reporting and performance capabilities, which are intended to give TKS' investment firm and hedge fund clients greater control of their internal accounting operations and improve investor relations, the vendor says.
According to TKS, Penny's new features include enhanced investor reporting statements, extended performance calculations, share equalization for off-shore corporate feeders, and improved supplemental tax scheduling with custom calculations and reporting.
"Customers ... recognize the benefit of creating a comprehensive checks-and-balances system for administrators and investors," said Ron Kashden, president of TKS Solutions, in a release. "Penny's new features help companies extend their market value and better manage their funds by addressing key issues associated with shareholder, partnership and tax accounting."