TrustRadius: an HG Insights company

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    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

    InvestNext

    Score10 out of 10
    N/AInvestNext offers a workspace to manage the lifecycle of real estate syndication. From capital-raising to waterfall calculations and distribution payouts, while delivering institution-grade experience to investors.

    $299

    per month

    Pricing
    CovercyInvestNext
    Editions & Modules
    No answers on this topic
    Fundraising
    $299
    per month 3 users
    All-in-One
    $499
    per month (billed annually) unlimited users
    Enterprise
    Contact Sales
    Offerings
    Pricing Offerings
    CovercyInvestNext
    Free Trial
    YesNo
    Free/Freemium Version
    YesNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details
    More Pricing Information
    Community Pulse
    CovercyInvestNext
    Considered Both Products
    Covercy
    Chose Covercy
    Covercy is most competitive in price when evaluated against companies like InvestNext.
    Incentivized
    InvestNext
    No answer on this topic
    Key User Insights
    Would buy again
    100%
    Would buy again
    25 Answers
    No answers on this topic
    Delivers good value for the price
    100%
    Delivers good value for the price
    23 Answers
    No answers on this topic
    Happy with the feature set
    100%
    Happy with the feature set
    25 Answers
    No answers on this topic
    Lived up to sales and marketing promises
    100%
    Lived up to sales and marketing promises
    19 Answers
    No answers on this topic
    Implementation went as expected
    91%
    Implementation went as expected
    20 Answers
    No answers on this topic
    User Ratings
    CovercyInvestNext
    Likelihood to Recommend
    9.0
    (14 ratings)
    -
    (0 ratings)
    Availability
    9.4
    (11 ratings)
    -
    (0 ratings)
    User Testimonials
    CovercyInvestNext
    Likelihood to Recommend
    Covercy
    No answers on this topic
    InvestNext
    No answers on this topic
    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
    InvestNext
    No answers on this topic
    Cons
    Covercy
    No answers on this topic
    InvestNext
    No answers on this topic
    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
    InvestNext
    No answers on this topic
    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
    InvestNext
    No answers on this topic
    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
    InvestNext
    No answers on this topic
    ScreenShots