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Look Who’s Talking: Penny – It Works and DTCC

Thu, 19 May 2011 07:00:00 GMT

Penny - It Works back-office software for partnership and shareholder counting now exports investor activity and position files to custodians via the Depository Trust & Clearing Corporation (DTCC)

(PRWeb May 19, 2011)

Read the full story at http://www.prweb.com/releases/2011/5/prweb8444851.htm

Penny-It Works 8.0 Features 1-Click Master/Feeder Processing and Iterative Estimates

Wed, 23 Feb 2011 08:00:00 GMT

Leading alternative investment accounting software releases new version featuring 1-click master/feeder fund accounting, the ability to maintain multiple estimates (i.e. preliminary, revised, and final numbers) for the same day, and upgraded platform using the latest versions of Visual Studio, .NET, and MS SQL.

(PRWeb February 23, 2011)

Read the full story at http://www.prweb.com/releases/2011/02/prweb5091534.htm

The Hedge Fund Family Tree -- Visualizing Master/Feeder Structures

Tue, 14 Sep 2010 07:01:00 GMT

TKS Solutions introduces a new software utility that charts the relationship of master feeders and fund of funds on the fly – ensuring more accurate fund accounting.

(PRWeb September 14, 2010)

Read the full story at http://www.prweb.com/releases/2010/09/prweb4488924.htm

Fund Software Company Launches Supplemental Accounting Services Group

Tue, 15 Jun 2010 07:01:00 GMT

TKS Solutions creates Penny-SOS division to provide partner and shareholder accounting expertise . New group will be led by Joe Daly who joined TKS this month after 5 years as head of accounting for Morgan Stanley Fund Services.

(PRWeb June 15, 2010)

Read the full story at http://www.prweb.com/releases/2010/06/prweb4114634.htm

New Tax Legislation Creates Additional Filing Requirements for Hedge Funds; Reporting Burden Eased by Latest Version of TKS Solutions' Penny Software

Wed, 05 May 2010 07:00:00 GMT

The recent "Hiring Incentives to Restore Employment Act" introduced a number of new reporting requirements for investment partnerships designed to help the U.S. Treasury recoup an estimated $70 billion in unpaid taxes. Funds must report their investors' domiciles or face serious penalties. Tracking investment ownership percentage by each partner's nationality can be highly complex; the latest version of TKS Solutions' Penny software incorporates reporting features that automate those calculations.

(PRWeb May 05, 2010)

Read the full story at http://www.prweb.com/releases/2010/05/prweb3954294.htm

1 in 10 Hedge Funds Plans to Change Fund Administrators This Year

Thu, 04 Feb 2010 08:00:00 GMT

A recent survey by TKS Solutions revealed that 10% of alternative investment funds have considered switching administrators during the past 12 months due to issues stemming from timeliness and accuracy of partner and shareholder accounting reports.

(PRWeb February 04, 2010)

Read the full story at http://www.prweb.com/releases/2010/02/prweb3555584.htm

Would You Like a Side of Stuffing with that Hedge Fund?

Thu, 19 Nov 2009 08:00:00 GMT

Directed Gain Tax Rules Reward Loyal Investors.

(PRWeb November 19, 2009)

Read the full story at http://www.prweb.com/releases/2009/11/prweb3220134.htm

Hedge Fund Accounting Software Paradox - Can a System be Both Sophisticated and Easy to Use?

Wed, 14 Oct 2009 07:01:00 GMT

Software enhancements give funds and administrators expanded performance and productivity. The latest release of TKS Solutions' Penny - It Works system belies the industry truisim that in order to handle the arcane nuances of investment partnerships, software needs to have a Rube Goldberg interface.

(PRWeb October 14, 2009)

Read the full story at http://www.prweb.com/releases/2009/10/prweb3035984.htm

Top 5 Headaches for Hedge Fund CFOs Per Latest Back-office Accounting Software Survey

Fri, 17 Jul 2009 07:01:00 GMT

According to a recent client survey by TKS Solutions, alternative investment CFOs are confronting an array of new challenges: regulations, transparency, complexity, investor timidity, and efficiency.

(PRWeb July 17, 2009)

Read the full story at http://www.prweb.com/releases/2009/07/prweb2644324.htm

Sarbanes-Oxley Comes to Hedge Funds

Wed, 20 May 2009 07:01:00 GMT

Leading alternative investment firm are adopting best practices from Sarbanes-Oxley. The catalyst for this trend is the convergence of looming regulation, and demands from clientele for greater transparency in the wake of a series of well-publicized investment frauds.

(PRWeb May 20, 2009)

Read the full story at http://www.prweb.com/releases/2009/05/prweb2435084.htm

TKS Solutions Unveils New Tax Reporting and Private Equity Capabilities for Penny Partnership and Accounting Software Solution

Mon, 26 Jan 2009 21:49:11 GMT

Enhancements Give Investment Firms Expanded Performance and Productivity

(PRWeb January 26, 2009)

Read the full story at http://www.prweb.com/releases/2009/01/prweb1907924.htm