Global Shares Data Transformation for Payroll & Demographic Data
- Terminating employees exercising expired grants?;
- 25% Federal tax being applied when in fact the participant has surpassed the $1,000,000 threshold and is now liable for 35% Federal tax;
- Expense accrued on a participants's award being assigned to a location or department that they no longer located in...
The list can go on and on with further examples of what can happen when your payroll and HR data isn't fully synchronized with with you equity plan management system.
Global Shares' Transform tool allows you to synchronize the relevant tax and employee demographic information required by your equity plan management system. Each time your HR and payroll system generates this updated version, Transform is setup to take the data, make required adjustments and can then send it through directly to the equity plan management system.
This can all be set up to happen on a pre-determined schedule or can simply be run on the fly when required, Either way, incorporating Transform into you equity plan project will remove the need to fill out labour intensive templates manually and also the posting of file to various project management applications.
Transform has been developed with a highly decoupled and flexible design to provide a robust solution for managing synchronization between client systems and the equity administration system.
Transform can read and produce in multiple file formats including XML, CSV, Tab delimited and Excel. It provides several transformation options to aid in the synchronization or transformation process. If required, Transform can be set up to allow direct connections into client systems if required.
Transforming Tax Information
Regular updates between your payroll system and your equity plan management system ensures that individual taxable events are properly recorded and applied in a timely manner.
Transform lets you import year-to-date tax information into your equity plan management system from any payroll system.
Transforming Employee Demographics
Regular updates between your HR system and equity plan management systems ensures greater reporting accuracy as well as up to date participant demographic information.
Transform provides you with the ability to import participant information into your equity plan management system from your HR system.
Support
Global Shares provides support should any issues or queries arise. All updates are covered by Transform's annual license fee. To learn even more about Transform, please contact Global Shares by filling out the form below or give us a call!
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