PRODUCT / DISTRIBUTIONS
Make distribution payments with complete confidence.
Finally, GPs can process distribution payments with speed, accuracy, and total transparency — all in one platform.
Distributions Features
Calculate, process, send, and instantly reconcile distribution payments in minutes with Covercy's ultra-powerful payments engine.
Customizable Equity & Debt Waterfalls
Tailor equity and debt waterfall structures to meet the unique needs of any deal, from the simplest pro rata returns to the most complex models with multiple tiers, specific return hurdles, catch-up clauses, performance incentives, and more.
Automatic Reconciliation
Sync distribution data for immediate transaction reconciliation. Integrate directly with popular accounting & property management platforms like QuickBooks, Rent Manager, and YardiBreeze, keeping data centralized and eliminating double work.
Cross-Border Transactions
The geographic location of your investors doesn't matter when you use Covercy to process distributions. Instantly pay domestic or international investors using built-in currency conversion, cross-border payment support, and low transfer fees.
Embedded Banking
GPs can open APY checking accounts with up to $3M FDIC insurance per depositor through Covercy's banking partner. In addition you can simply view and organize all third-party bank accounts from multiple financial institutions within the Covercy platform.
Investor Communications
Automatically send personalized distribution notices and payment confirmations to investors, keeping them informed every step of the way.
Automated Payment Processing
Initiate and process payments through ACH, wire transfers, or checks in just one click, ensuring fast and accurate distributions to investors' accounts.
Validation Reports
Verify every distribution by automating calculations and reviewing detailed validation reports, ensuring accurate payments and instant reconciliation for GPs and investors.
Complex Deal Structures
Handle even the most intricate deal structures – syndication deals, funds, fund of funds (FOF) – with flexible waterfall configurations and detailed payment adjustments, ensuring accurate distribution for each investment.
Pro-Rata Distributions
Automatically calculate and distribute funds proportionally based on each investor's ownership share, simplifying complex allocation processes.
Performance Dashboards
Provide real-time performance dashboards to your investors, displaying their current returns, capital contributions, and detailed transaction history.
Why Covercy?
With so many real estate distribution tools to choose from, learn what sets Covercy apart from the rest.
Simplify Investor Payments with One-Click Distributions
Only Covercy gives GPs the power to process distribution payments in seconds. Automatically calculate, validate, and process payments to LPs in their preferred method: ACH, wire, or check. Covercy's platform adapts to fit the most basic and straightforward waterfalls to customized and complex deal structures.
Make Distribution Payments With Complete Confidence
Covercy offers a unique peace of mind throughout the distribution process, served up via detailed validation reports to ensure every distribution is free of mistakes down to the cent. Verify calculations before funds are disbursed, preventing errors and building trust with your investors. These reports also create a clear audit trail with no extra work required by the GP, guaranteeing transparency and compliance.
Streamline Your Entire Distribution Process in One Platform
Say goodbye to juggling multiple systems—Covercy consolidates your entire distribution process. Everything happens in one place, from calculating waterfalls to validating payments and processing transactions. Manage every aspect of your distributions seamlessly, reducing errors and saving time.
Integrated Accounting for Automated Reconciliation
Covercy syncs directly with your accounting software, automatically tracking every transaction and ensuring accurate and instant reconciliation. With real-time alerts, you'll be notified of any issues, while seamless integration with tools like QuickBooks and Rent Manager ensures your financial records stay up-to-date without manual double entry.
Scale Effortlessly with Flexible Distribution Options
Covercy's unmatched flexibility adapts as your business grows, handling everything from simple payouts to complex, multi-investor deal structures. Wherever you are — managing your first commercial asset or overseeing millions of square feet across asset classes or somewhere in between — Covercy meets you where you are, providing everything you need to distribute capital efficiently with minimal effort.
Investor Portal
Empower your investors with real-time, secure access to detailed reports, investment updates, transaction history, tax information, and more – all in one secure, easy-to-use platform.
Learn moreFundraising
Automate your fundraising process, from deal promotion to investor onboarding and, finally, instant capital collection, with Covercy's end-to-end fundraising engine.
Learn moreFinancial Operations
Gain full control and visibility into all incoming and outgoing transactions, bank accounts, vendor payments, and more with Covercy's comprehensive back-office FinOps tools.
Learn morePayments
Seamlessly manage domestic and global payments with flexible options for receiving and distributing funds quickly and securely.
Learn moreWhat Our Clients Say
Covercy reviews sourced by G2Frequently Asked Questions
- How does Covercy automate the distribution process?
- Covercy automates the entire distribution workflow from calculation to payment. The platform automatically calculates distributions based on your customized waterfall structures, validates all payments through detailed reports, and processes payments via ACH, wire, or check with a single click. Real-time integration with accounting software ensures immediate reconciliation.
- Can Covercy handle complex deal structures and multiple investors?
- Yes, Covercy is built to handle the most complex deal structures including syndications, funds, and fund of funds (FOF). The platform supports unlimited investors and entities, customizable waterfall configurations with multiple tiers, return hurdles, catch-up clauses, and performance incentives. Whether you have simple pro rata distributions or intricate multi-tier structures, Covercy adapts to your needs.
- How does Covercy ensure distribution payments are accurate?
- Covercy provides detailed validation reports before any funds are distributed, allowing you to review and verify every calculation down to the cent. The platform automatically checks for errors, reconciles against your accounting data, and creates a complete audit trail. This multi-layer validation process ensures 100% accuracy and builds trust with your investors.
- How does Covercy integrate with my existing accounting software?
- Covercy seamlessly integrates with popular accounting and property management platforms including QuickBooks, Rent Manager, and YardiBreeze. The integration syncs distribution data in real-time, eliminating manual data entry and ensuring your financial records are always up-to-date. You can also view and manage all your bank accounts from multiple institutions within the Covercy platform.
Tailor Covercy's investor management features for your real estate firm
Tailor Covercy's investment management software for your real estate firm
Fundraising Starter
Syndicate faster with auto payment collections
- AI Content Generator
- eSignatures
- Automated Contribution Payments
- Fundraising Pipeline Management
- Interactive Investor Pitch Deck
- Showcase Opportunities on Your Website
- Investor Accreditation (Fees Apply)
Standard
Investor portal and automated payments
- AI Content Generator
- Investor Portal
- eSignatures
- Automated Contribution Payments
- Automated Waterfalls
- Investor Reports
- Investor Email Communications
- Document Sharing
- Automated K1 Matching
Professional
Advanced features for growing teams and funds
- Investor Portal
- Fundraising Pipeline Management
- Interactive Investor Pitch Deck
- Showcase Opportunities on Your Website
- Investor Accreditation (Fees Apply)
- Fully Customizable Permissions
- Rent Manager Integration
- Yardi Exporter
- Raw Data Integration Hub
Fund Administration
Full-service institutional fund operations and administration
- NAV Calculation & Performance
- Fund Accounting Services
- Investor Services & Capital Accounts
- Fee Calculations & Waterfalls
- Tax Support & K-1 Coordination
- Audit Support & Reconciliation
- Compliance & Regulatory Reporting
- View complete feature list