MOUNT KISCO, N.Y., Dec. 5, 2016 – Eze Software Group has rolled out a series of enhancements to its back-office operations workflows for private equity funds, simplifying a series of complex tasks to a single click. Eze Investor Accounting (formerly known as Penny-It-Works) handles partnership and investor accounting for some of the largest hedge funds and their administrators. It is now extending its reach into private equity by automating some PE-specific complex processes, such as waterfall schedules, with its v12.3 release.
“Institutional investors are demanding more concessions from private equity firms, thus making already complex waterfalls more elaborate. The new version of Eze Investor Accounting enhances market-leading technology to handle these new nuances without sacrificing ease of use,” said Ron Kashden, Managing Director, Eze Investor Accounting.
Enhancements to Eze Investor Accounting include:
Eze Investor Accounting is the new name of TKS Solutions’ Penny-It-Works shareholder and limited partner accounting application, which joined Eze Software Investment Suite after a merger in late 2015. It is known for tackling complex fund structures with straightforward functionality, allowing firms to leverage their fund accountants by systematizing complex tasks and freeing them to perform higher-level review.
About Eze Software Group
Eze Software Group is a premier provider of global investment technology to support the front, middle and back office. The Eze Software Investment Suite addresses the core business needs of the asset management community, including Order Management, Trade Execution & Analytics, Portfolio Analytics & Modeling, Compliance & Regulatory Reporting, Commission Management, Data Management and Portfolio & Investor Accounting. Eze Software partners with more than 2,000 buy- and sell-side institutions in 30 countries across North and South America, EMEA, and Asia Pacific. Clients include hedge funds, institutional asset managers, mutual funds, pension funds, endowments, family offices, wealth managers, and broker-dealers across a range of strategies, investment products, and asset classes. Based in Boston, Eze Software employs more than 1,000 associates in 15 offices worldwide. For more information, visit www.ezesoft.com.