Covercy One automates the entire distribution workflow: calculate waterfalls, notify investors, process payments, and reconcile with your accounting software — in minutes, not days.
The distribution workflow
Four connected steps take a distribution from waterfall calculation to reconciled books — every one automated, in one platform.
Run any waterfall in seconds, not days.
ExploreEvery investor gets a branded notice and their own breakdown, automatically.
ExploreACH and wires to the whole list, with approvals, from one screen.
ExploreTax-ready records that tie back to your books.
ExploreFrom modeling the waterfall to closing the books — every step of the distribution lifecycle, automated and reconciled in Covercy One.
Behind every distribution notice is a workflow you run yourself — drafted by Neo, branded as your firm, and reconciled the moment you send. No spreadsheets, no re-keying, no waiting on the back office.
See how Neo worksNeo turns your live distribution data into personalized investor notices and updates — you review the tone, refine, and send. What used to mean a mail-merge and a spreadsheet takes minutes.
Every distribution generates a validation report you sign off on. Calculations are verified to the cent and cross-checked against your waterfall before any payment is released.
Process ACH, wire, check, and SWIFT from inside the platform — domestic or cross-border — with bank-grade security and every payment tracked end to end.
Each distribution posts to QuickBooks, Rent Manager, or YardiBreeze automatically, with journal entries and a validation report — so your books close themselves.
Distributions are not a bolt-on — they run on the same live deal data and banking rails your team already works in, so every calculation, payment, and journal entry stays reconciled from waterfall to wire.
Covercy One collapses a multi-day distribution cycle into minutes. Calculate the waterfall, validate every cent, notify investors, and process payments to all LPs in a single connected workflow — no spreadsheets, no re-keying.
A pre-payment validation report catches errors before funds are disbursed. Every tier is calculated, every amount cross-checked against your waterfall configuration, and every distribution logged with a complete audit trail.
LPs get personalized distribution notices and a self-service portal showing amounts, breakdowns, payment status, and history — so the "did my distribution go out?" emails stop and your team gets its time back.
Every distribution syncs to QuickBooks, Rent Manager, or YardiBreeze with automated journal entries and validation reports — zero double-entry, and your books are closed before the questions start.
“We checked out the competition of similar group investment payment portals and found Covercy to be head and shoulders above the competition. Covercy is extremely flexible and accommodates the needs of our diverse group of both large and small investors.
“By bringing everything into one platform, we have transparency both to our investors and to our business organization as a whole. Being able to create reports is much simpler and easier to understand the information being shown from an investor's point of view.
Distributions are part of Covercy One — included from the Standard tier, with banking and payments built in. Add capabilities as you grow.
Starting at $566/mo
See full pricing & featuresDistributions work hand in hand with the rest of your back office.
Take investors from interested to funded with online subscriptions, accreditation, and one-click ACH.
ExploreThe AI layer that drafts investor updates, runs reports, and automates workflows across Covercy One.
ExploreInstitutional-grade NAV, bookkeeping, tax, and K-1s, delivered inside the same platform.
ExploreOpen fund bank accounts and move capital on integrated, regulated banking rails.
Explore
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