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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Covercy

    Score9.9 out of 10
    N/ACovercy is a Banking-Embedded Investment Management Platform built for commercial real estate investment firms. It offers automated distribution & capital call payment processing, an Investor Portal, and APY yielding checking accounts.

    $348

    per month

    Pricing
    Covercy
    Editions & Modules
    No answers on this topic
    Offerings
    Pricing Offerings
    Covercy
    Free Trial
    Yes
    Free/Freemium Version
    Yes
    Premium Consulting/Integration Services
    No
    Entry-level Setup FeeNo setup fee
    Additional Details—
    More Pricing Information
    Community Pulse
    Covercy
    Considered Both Products
    Covercy
    Chose Covercy
    Higher payments allowed, lower monthly cost, more project flexibility.
    Incentivized
    Chose Covercy
    2 other platforms. I would say that it is the personal care, [...] and [...] and attention that tips it to Covercy.
    Incentivized
    Chose Covercy
    Juniper Square is the No. 1 option for institutional developers and investors. Since we don't have hundreds of millions of dollars in AUM, we chose Covercy since it was largely the same and more affordable.
    Incentivized
    Chose Covercy
    We've only used one other portal. There are features that I liked about the other platform. Most of which, I've already stated. Investors can add their own profile information. Being able to send emails with attachments. Covercy has better customer service. Your doc signing is …
    Incentivized
    Chose Covercy
    I think Covercy is easier to use and more engaging tech for investors than Juniper Square.
    Incentivized
    Chose Covercy
    Covercy is most competitive in price when evaluated against companies like InvestNext.
    Incentivized
    Chose Covercy
    Covercy is much more user-friendly than Juniper Square.
    Incentivized
    Chose Covercy
    We have utilized Syndication Pro and it is a night and day difference between the two. The most noticeable is the investor portal where the ease of use and the information that is readily accessible to the investor makes it a much better overall user experience. This alone was …
    Incentivized
    Chose Covercy
    We selected Covercy for the price mainly.
    Incentivized
    Chose Covercy
    it was my first try
    Incentivized
    Chose Covercy
    Most of them provide similar functions, but for me it was a matter of simplicity and cost. Covercy makes the most sense for our team and for our investors. The lighter our spend, the lighter our fees can be.
    Incentivized
    Chose Covercy
    Covercy was better suited for our needs. More customizable solutions and a more intuitive platform. AppFolio is our PM software and even despite this (at a similar price point) we chose Covercy.
    Incentivized
    Chose Covercy
    Covercy is cheaper and the functionality is on par, if not better than Juniper Square.
    Incentivized
    Chose Covercy
    Covery seemed to have the lowest administrative fees and is one of the only companies that allows transfers originating in Israel to western countries.
    Incentivized
    Chose Covercy
    I believe that Covercy is the only solution that is currently allowing Real Estate firms to distribute funds to their investors directly through the platform. Also, both other solutions are pretty expensive compared to the reasonable pricing that Covercy has in place (function …
    Incentivized
    Chose Covercy
    I don't remember the names of the other products we looked at, but Covercy was much more cost-effective than the other 3-4 products we demoed and offered a more holistic service.
    Incentivized
    Key User Insights
    Would buy again
    100%
    Would buy again
    25 Answers
    Delivers good value for the price
    100%
    Delivers good value for the price
    23 Answers
    Happy with the feature set
    100%
    Happy with the feature set
    25 Answers
    Lived up to sales and marketing promises
    100%
    Lived up to sales and marketing promises
    19 Answers
    Implementation went as expected
    91%
    Implementation went as expected
    20 Answers
    User Ratings
    Covercy
    Likelihood to Recommend
    9.0
    (14 ratings)
    Availability
    9.4
    (11 ratings)
    User Testimonials
    Covercy
    Likelihood to Recommend
    Covercy
    Your customer service is the best part about Covercy. I love having a contact person that is responsive and helpful. Even if Covercy doesn't have a feature that we would like or need, we are always given workarounds or suggestions on alternative solutions. Our suggestions for portal improvements are always considered and being worked on by the development team. Covercy is working on improving the customer and investor experience
    Incentivized
    Read full review
    Pros
    Covercy
    • $3 Million in FDIC Insurance Account protection is unsurpassed and highly attractive to our project managers and investors.
    • The Onboarding of over 100 investors was simple and efficient using a spreadsheet import.
    • The Technical Staff was very helpful and supportive during our startup phase and handled project startup delays beautifully.
    • Covercy was able to handle member payouts that involved compilcated and varied bonus structures and 15 different income generating assets with varied investor contributors and we had great support in figuring out how to handle the profit distributions.
    • The Covercy Account Managers were highly professional and a pleasure to work with.
    Incentivized
    Read full review
    Cons
    Covercy
    • We need our investors to log in and see what offerings they are invested in.
    • There is no way to add documents/photos in an organized manner.
    • As a debt fund, we want to be able to showcase our offerings to our LP Portals.
    Incentivized
    Read full review
    Reliability and Availability
    Covercy
    Our experience has been excellent so far. The only hiccup that we have had happen was when we were testing our signed document and signature process and the document wasn't initially sending. We figured out why it wasn't sending and were able to correct that issue in a very timely manner.
    Incentivized
    Read full review
    Alternatives Considered
    Covercy
    I believe that Covercy is the only solution that is currently allowing Real Estate firms to distribute funds to their investors directly through the platform. Also, both other solutions are pretty expensive compared to the reasonable pricing that Covercy has in place (function of a number of properties rather than AuM or other methods).
    Incentivized
    Read full review
    Return on Investment
    Covercy
    • The ROI I can provide is for time management. It saves us at least 2 days' worth of work each quarter on capital distributions alone, and at least 30 minutes on each report distribution. Not to mention the amount of time it saves us on fielding client questions regarding their capital because they can just log in and see everything on their portal.
    Incentivized
    Read full review
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