PRODUCT / FINANCIAL OPERATIONS

Consider all your financial operations handled.

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.

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Covercy Financial Operations Platform Interface

Financial Operations (FinOps) Features

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.

FDIC Insurance

Protect your funds with up to $3M of FDIC insurance , ensuring all bank accounts managed within Covercy are up to the maximum allowable limits

Funds Security

Covercy offers bank accounts in which funds are safeguarded by our FCA-regulated e-money partners at a credit institution with 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.

Connect to External Bank Accounts

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.

Statement Generation

Automatically generate detailed bank statements, keeping financial reporting simple and transparent for both internal and external stakeholders.

Wire

Send wires to title companies or other partners directly from the platform for faster, more secure financial transactions.

High APY Earning Accounts:

Earn interest on resting capital while raising funds, adding an extra layer of profitability to your investment operations.

Vendor Payments

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.

Multi-Institutional Banking Dashboard

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.

ACH Debit

Collect investor contributions and other payments with ACH debit, reducing the need for manual transaction processing.

ACH Credit

Distribute funds easily with ACH credit, ensuring timely payments directly to investor or vendor bank accounts.

Checks

Issue checks when needed, adding flexibility to your payment options and supporting multiple forms of payout.

Why Covercy?

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.

Updated Once, Reconciled Everywhere

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.

Real-time data reconciliation across platforms

Automate Payments and Scale Effortlessly

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.

Maximum Fund Security with No Third-Party Risk

FDIC Insurance is available for funds on deposit through Thread Bank, Member FDIC. Unlike other platforms, Covercy never commingles funds, providing direct and secure financial transactions for your peace of mind.

Grow Revenue with High-Yield Accounts and Faster Deal Closures

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.

Revenue growth and deal closure optimization

Complete Investment Management Platform

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.

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Distributions

Automate and streamline your payment distribution process, ensuring timely and accurate-to-the-cent investor payouts with just a few clicks.

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Fundraising

Automate your fundraising process, from deal promotion to investor onboarding and, finally, instant capital collection, with Covercy's end-to-end fundraising engine.

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Payments

Seamlessly manage domestic and global payments with flexible options for receiving and distributing funds quickly and securely.

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What Our Clients Say

Covercy reviews sourced by G2

Frequently Asked Questions

What financial operations can Covercy automate?: Covercy automates a wide range of financial operations including capital calls, distribution payments, vendor payments, bank reconciliation, statement generation, and multi-currency transactions. Our platform integrates with your existing banking relationships and accounting software to create a seamless financial workflow.
How does Covercy handle multi-institutional banking and payments?: Covercy provides a centralized dashboard where you can connect and manage accounts from multiple financial institutions. You can view consolidated balances, initiate transfers between accounts, and process payments from any connected account—all within the Covercy platform.
How does Covercy improve accuracy and reduce errors?: By serving as a single source of truth that automatically syncs with your banking, accounting, and property management systems, Covercy eliminates manual data entry and the errors that come with it. Every transaction is tracked, validated, and reconciled in real-time, ensuring complete accuracy across all your financial operations.
What makes Covercy's payment system different from other platforms?: Covercy never commingles client funds and provides direct transaction handling with complete transparency. We offer multiple payment methods (ACH, wire, check), support cross-border and multi-currency transactions, and provide instant reconciliation. Plus, with FDIC insurance up to $3M per depositor through our banking partner, your funds are always secure.