While you focus on scaling your firm, Covercy’s end-to-end financial operations (FinOps) framework connects disparate systems data, simplifying administrative tasks and giving you valuable time back in your day.
Covercy is a financial technology company, and is not a bank. Banking services provided by Thread Bank, Member FDIC.
Covercy’s FinOps framework streamlines back-office processes for real estate firms by connecting bank accounts, integrating third-party property management and accounting tools, and layering it all on top of powerful investment management functionality. All in one simple platform.
Protect your funds with up to $3M of FDIC insurance per depositor, ensuring all bank accounts managed within Covercy are up to the maximum allowable limits
Covercy offers fully segregated bank accounts, direct transaction handling, and complete transparency. Unlike other platforms, Covercy never commingles funds, ensuring that another party’s transaction activity cannot introduce risk to you or your investors.
Seamlessly link external bank accounts for both incoming and outgoing transactions, ensuring smooth cash flow between the GP, property or fund and the LPs, vendors, or other recipients without logging out of Covercy’s platform.
Automatically generate detailed bank statements, keeping financial reporting simple and transparent for both internal and external stakeholders.
Send wires to title companies or other partners directly from the platform for faster, more secure financial transactions.
Pay vendors directly from the property, asset, or fund within the platform, reducing manual banking interactions, instantly reconciling accounting data, and simplifying the disbursement process.
Manage multiple bank accounts from different institutions in one centralized dashboard, giving you a complete view of your finances, including balance summaries and transaction data.
Collect investor contributions and other payments with ACH debit, reducing the need for manual transaction processing.
Distribute funds easily with ACH credit, ensuring timely payments directly to investor or vendor bank accounts.
Issue checks when needed, adding flexibility to your payment options and supporting multiple forms of payout.
With so many investment management platforms on the market, learn why Covercy’s financial operations framework gives our GP customers a major competitive advantage over firms using a disconnected tech stack.
Keep your investor relations, accounting, and property management data fully aligned from one single source of truth: Covercy. Real-time updates across all platforms reduce errors resulting from manual data entry, ensure seamless communication between teams, and give you complete confidence that every transaction is accurately tracked from start to finish.
Close deals faster with Covercy’s one-click payment automation. Automatically track every transaction — incoming funds, outgoing distributions, and even vendor payments — and tap into Covercy’s unique cross-border and multi-currency support to expand your investor pool globally.
Safeguard your capital with up to $3M in FDIC insurance per account**, far exceeding the standard $250K offered by most financial institutions. Unlike other platforms, Covercy never commingles funds, providing direct and secure financial transactions for your peace of mind.
Earn passive revenue with high APY on resting capital in Covercy accounts, while efficiency gains free up time for GPs to focus on sourcing new deals. With integrated deal pages, marketing tools, and instant payments for fundraising and even direct-to-title, you’ll never miss a close.
What financial operations can Covercy automate?
Covercy automates key financial processes such as contributions, distributions, bank reconciliations, and vendor payments. It integrates seamlessly with external banking systems, property management software, and accounting platforms to reduce manual tasks and ensure accurate, real-time financial data.
How does Covercy handle multi-institutional banking and payments?
Covercy’s platform provides a centralized multi-institutional dashboard that consolidates all your bank accounts across different institutions. You can execute payments, reconcile accounts, and manage transactions from a single interface, making financial operations more streamlined and efficient.
How does Covercy improve accuracy and reduce errors?
Covercy’s FinOps framework connects banking, accounting, and investor management, automating many tasks that must be done manually when using other systems, like reconciliation and payments. This reduces the risk of human error, ensures that investor and financial records are always up-to-date, and gives you as the GP real-time control over your financial operations.
What makes Covercy’s payment system different from other platforms?
Unlike many platforms that rely on third-party systems, Covercy directly connects to your bank accounts, allowing you to send ACH debits, credits, wires, and even issue checks. This eliminates delays, provides real-time reconciliation, and ensures complete visibility over all transactions. Unlike other financial institutions and payment platforms, Covercy never commingles funds. This means another party’s transaction issues will never impact you or your investors.
