Covercy

Covercy

4 / 5 7 reviews

Who Uses This Software?

Investment managers, Fund Admins & Fund managers


Average Ratings

7 Reviews
  • 4 / 5
    Overall
  • 4 / 5
    Ease of Use
  • 4 / 5
    Customer Service

Product Details

  • Starting Price
    Not provided by vendor
  • Free Version
    Yes
  • Free Trial
    Yes
  • Deployment
    Cloud, SaaS, Web
  • Training
    Live Online
  • Support
    Business Hours

Vendor Details

  • Covercy
  • www.covercy.com/
  • Founded 2015
  • United Kingdom

About Covercy

Covercy Terra - Delight your investors, Delegate your back office. Terra makes it easy for Investors to complete the investment process faster, enables you to send multiple capital calls with a few clicks and most of all gives you complete control and tracking over the entire process.


Covercy Features

  • Accounting Management
  • Benchmarking
  • Bonds
  • Client Management
  • Commodities
  • Compliance Management
  • Equities
  • Fee Management
  • Fund Management
  • Futures
  • Payroll & Commissions
  • Performance Metrics
  • Portfolio Management
  • Risk Management
  • Stocks

Covercy Reviews Recently Reviewed!


Covercy has caused us to waste an unbelievable amount of time and money while we tried to cooperate

Aug 07, 2017
1/5
Overall
2 / 5
Ease of Use
5 / 5
Features & Functionality
1 / 5
Customer Support
1 / 5
Value for Money

Pros: Covercy is pretty easy to use, as far as the transferring process is concerned. The steps and interface are pretty clear.

Cons: We were using Covercy for a few months and enjoying their service. We then switched office managers, so we contacted them, as we were supposed to, to update contact/user information. They then proceeded to start a process with us where they asked for documents saying it was required for legal purposes, even though we had already used their service for months. They never stated CLEARLY which documents were needed, but every time we would submit documents (confidential company information) they would take an unacceptably long time to review and then tell us it was the wrong document, and request something else. Finally, when I was sure we had sent in the right document, after disrupting shareholders, accountants, etc, THEY CLOSED OUR ACCOUNT OUT OF NOWHERE, SAYING BECAUSE OF A STRATEGIC DECISION ON THEIR PART THEY NO LONGER OFFER COMPANIES LIKE OURS SERVICE, AND WE ARE PERMANENTLY LOCKED OUT OF OUR ACCOUNT! Covercy has caused us to waste an unbelievable amount of time and money while we tried to cooperate with their requests and ultimately left us without this service in the middle of our payment cycle.

Overall: For a short time, we were able to make international transfers at a discounted rate.

A very good experience and low commission (comparing to a bank and other service providers)

May 15, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: I liked the phone call from the representative to let me know that there were several transactions like mine with booking.com that were a scam and he asked me if I'm sure I want do it. I felt my money security was his first choice and not the company commission. BIG LIKE!!!

Cons: I hated it that there was (or at least not visible enough) no list of documents I will need to fill\send in the first page of the software. I started filling the forms several times and stopped because in the next screen I needed a document I did not currently had.

Vendor Response

by Covercy on May 21, 2018

Thank you Avraham for such a kind review.
Your notes will be studied and considered.

Capterra-loader

It was really simple and easy like just the commercial promised

May 15, 2018
5/5
Overall
3 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: It works - and delivered on time - with good conversation rates. overall had a great experience got notification emails throughout the process .

Cons: I think the process itself was a bit tricky to understand - sending money back and forth not directly from one place to another, but after a first successful run I'll use it again for sure

Overall: Simple and easy , did what promised and as promised - which is rare these days :)

Vendor Response

by Covercy on May 21, 2018

Thank you so much Amit for your kind review!

I transferred money to fund my own investment account. had a good overall experience

May 16, 2018
4/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money

Pros: I like the fact than the prices are well transparent, and before you start a transaction you're well aware of all the underling fees and you know exactly how much you'll send/receive .

Cons: Costumer service was fair, but could improve - when I been asked to reopen a transaction for technical reasons, I had to argue with them in order to get the promised convert rate.

Vendor Response

by Covercy on May 21, 2018

Thank you Avigail for your feedback!

Superb Service!

Dec 12, 2016
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Fast

Cons: N/A

Overall: Covercy's platform to transfer money was easy and efficient. I had no problems setting myself up and there online support was able to answer any questions I had very quickly.

Recommendations to other buyers: Offers fantastic rates!

It was relatively easy and fast

May 15, 2018
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
1 / 5
Customer Support
5 / 5
Value for Money

Pros: It is relatively Low fees and the transfer is being handled quickly.

It was easy to use and I could upload scanned documents.

Cons: It is working well from computer not fully compatible with mobile phones.

Should consider having an app for mobile

Vendor Response

by Covercy on May 21, 2018

Thank you for taking the time to write a review!

My choice for international money transfers

May 18, 2018
5/5
Overall
5 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Very easy to learn and use. The initial onboarding is a bit of a hassle since you need to supply some documentation, but of course thats a given.

Cons: Would be good to have real time comparison of the tariff. Also video identification would be good as well.

Vendor Response

by Covercy on May 27, 2018

Thank you for your kind review!