2008-09-16 23:46:02 -
www.pennyitworks.com - TKS Solutions Nicole Licare, 914-358-0016 nlicare@pennyitworks.com or Metis Communications Sara Frain, 617-236-0500 tks@metiscomm.com In contact information, the email address for Nicole Licare should read: nlicare@pennyitworks.com (sted nlicare@tkssolutions.com)
The corrected release reads:
TKS SOLUTIONS ROLLS OUT EXPANDED PENNY SOLUTION WITH NEW FORECASTING, BUSINESS INTELLIGENCE AND INVESTOR QUALITY MANAGEMENT FEATURES
Enhanced Solution Provides Investment Firms with Industry's
Most Comprehensive Approach to Unified Partnership and Shareholder Accounting
TKS Solutions LLC, a provider of partnership and shareholder accounting solutions for the financial industry, today announced enhanced functionality to its flagship product Penny(R). A unified partnership and shareholder accounting solution, Penny offers investment firms increased functionality designed to provide greater insight, forecasting and investor capital analysis.
In today's environment, hedge funds and investment firms are increasingly faced with the need to provide complete investor transparency, as well as demonstrate ongoing revenue growth during uncertain financial climates. Penny fills a critical void in the industry by offering sophisticated data analysis functionality to funds in an intuitive, manageable and cost-effective solution.
Business Intelligence Data Analysis Tailored to the Financial Industry
New features of Penny include business intelligence data analytics that let firms forecast their revenue and capital base as close or far-out as needed. Penny provides detailed statistical presentation about a fund's future performance, fees, withdrawals and more. This in-depth analysis of the fund gives administrators and managers real data for decisions such as projecting revenue expectations or launching a new fund.
Many hedge fund managers and administrators are evaluating financial decisions and manage investors' funds with limited forecasting options. Today's funds either need to spend a great deal of money to purchase forecasting software or spend large amounts of time and resources to create an in-house forecasting solution. Penny offers an alternative approach and gives firms access to detailed analysis that can be tailored to their individual and varied market strategies and concentration areas.
Managing Investor Quality
Penny offers investment firms an opportunity to proactively review and manage their investors and cultivate a naturally stable capital base. Using Penny, administrators and managers can avoid large groups of redemptions, initiate liquidity gates and pinpoint potential issues. Penny lets firms measure the quality of their investors using real-time data and metrics, simplifying the investment process.
As the hedge fund market continues consolidating and becoming more institutionalized, managers are tasked with maneuvering through an increasingly complex investment environment. Penny helps take the guessing game out of partnership and shareholder accounting by applying advanced data analytics to help funds quantify their approach.
Expanded Performance Calculations
Additional examples of Penny's new capabilities include expanded performance calculations, such as the ability to calculate fund and investor returns, and providing firms with an idea of how they are performing net of any fees on a daily basis. Penny also offers instant analysis and performance measurement across various market indexes and exchanges, providing guidance on how the fund would have performed elsewhere.
Easily integrated into any back-office technology environment, Penny offers instant value to firms by expanding their analysis beyond manual spreadsheets and helping funds centrally integrate and manage all of their accounting data. For example, the Penny Converter tool lets companies interface with all data platforms, business process management solutions, as well as prime broker and custodial systems for comprehensive coverage of all back-office accounting data.
"Penny is specifically designed to handle the increased complexities of the investment industry, and our users will appreciate the care we took in ensuring that you can get up and running very quickly, start data analysis instantly and experience better decision making immediately," said Ron Kashden, president of TKS Solutions. "Funds using Penny's new and expanded performance features and calculations are experiencing greater competitive and market advantages because no other vendor offers our features in such an easy-to-use way."
About TKS Solutions
TKS Solutions offers unified partnership and shareholder accounting solutions for the financial industry. Its flagship software Penny(R) helps firm better manage their investment partnerships and funds by providing automated and instant access to detailed investor data. Penny's open architecture and proven features easily integrate with portfolio accounting and customer relationship management systems, data warehouses and in-house proprietary solutions, creating a comprehensive and unified view of all investor data, as well as greater transparency for investors. TKS Solutions works with partners worldwide to serve its customer base of leading hedge funds, fund of funds, private equity firms, administrators and management companies, ranging from $50 million up to $20 billion under management. For more information, please visit: www.PennyItWorks.com.
Enhanced Solution Provides Investment Firms with Industry's Most
Comprehensive Approach to Unified Partnership and Shareholder
Accounting
