The easy way: An equity management software program
The easy way lets you recognize the time, reliability, and efficiency benefits associated with automating the administration process as early as possible.
This, in turn, will lead you to seek out an equity management software provider such as Global Shares.
Our award-winning equity management platform is an automated and smart system, which simplifies administrative complexities. With a team of experienced equity professionals, we can cater to every plan complexity and award type imaginable. Looking to benefit from our solid experience and expertise in the field? Speak with us today.
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The hard way: An in-house manual input solution
The hard way, meanwhile, is a rockier path, with a lot of unnecessary and time-consuming administration-related aggravation.
Companies who initially opt for a manual, spreadsheet-based approach to overseeing their employee equity will most likely eventually come around to the idea of going with a software solution. However, they only do this after enduring many headaches – the near-inevitability of manual input-related errors and the massive time commitment to try to keep the plan up to date.
Downsides of manual equity management
- Human error will occur: When a mistake creeps into a spreadsheet, it may go undetected for a period and then prove difficult to track back to the source.
- There will be scalability issues as you grow: When a company is in its early stages, a spreadsheet might seem sufficient. However, if the business gains traction, that document may quickly become too complex to keep track of changes.
- There may be a lack of version control: Spreadsheets raise the danger of multiple document versions circulating internally to create confusion.
- Spreadsheets are time and labor-intensive: Spreadsheets don’t update automatically so every change will need to be manually logged. An abundance of time, effort, and ongoing attention to detail is required to keep them up-to-date.
- Your employees are not engaged: When a plan is managed through spreadsheets, it can be difficult for participants to understand how their stock is performing and to make transactions.
- You are unclear whether your plan is a success or not: Without a real-time and automated reporting system, manually managing your employee equity can leave you guessing how well the plan is actually performing.
As should be clear by this point, attempting to set up and manage your equity plan (or stock plan) on your own may prove a daunting prospect, both in terms of the time involved, the potential risks involved and the actual work itself.
Benefits of equity management software
Equity compensation management is complex and highly specialized, with rigorous reporting and compliance demands, pushing HR and Equity Compensation professionals to the limit every day. Opting for an in-house manual input solution almost amounts to tying one hand behind your own back.
With advanced equity compensation management software, you can benefit from:
- Having a one-stop solution, managed through an online and automated process
- Synchronizing with payroll, HR, tax, accounting, and reporting systems
- Saving time and money
- Reducing the risk of multiple versions of a stock plan and manual errors
- Relying on a single source of up-to-date truth to avoid confusion
- Accessing real-time and interactive data to make an informed decision
- Improving participant engagement to make them more likely to sign up
- Globalizing your stock plan with ease when your business grows
Global Shares - Your equity management software provider
Global Shares has the experience and the expertise to be your partner and provide you with the automated equity management system that you need.
Our solution is an automated award-winning platform with a team of experienced equity professionals. It caters to every stock plan’s need and award type imaginable. It streamlines the day-to-day execution of transactions, with full automation of tracking, administration and reporting of all equity award activities for you. Also, our online employee portal allows participants to manage their own allocations with relative ease.
An employee portal is key to a successful equity plan. It engages your employees and enables them to manage their own equity awards. This will not be possible if you are using spreadsheets, but dedicated software.
Smart & New Technology
with a team of 300 experienced experts to set up and configure your plan effectively
Ease of Administration
All types of grants and plans are managed online, 24/7 without a steep learning curve
Excellent Customer Support
Includes a dedicated client manager, stock plan analyst team and client service desk, etc
24/7 Engaging Employee Portal
Trade, manage equity, download statements, do estimations, etc with multi-lingual support
Automation of Key Tasks
E.g. task notification, grant acceptance, exercising options, selling shares
Enhanced Data Security
Supported by a team of in-house cyber security and IT professionals
Customized Reporting
A wide range of interactive and visual financial & BI reports at your fingertips.
Low Legal & Compliance Risks
The highest level of compliance to maintain data integrity and accuracy
- Global stock plans: We help you operate your plans for participants in numerous countries in one seamless system.
- Customization: incorporates company logos and tailored-to-match fonts, colors, layout, and aesthetics of your corporate requirements.
- Improved functions & features are rolled out regularly at no extra cost and without any need for input from you.
To sum up, Global Shares will provide you with all the tools you need to manage employee equity, engage your employees, and satisfy compliance requirements. Want to learn more about our software?
Contact us today and request a free demo. All your equity management questions, requirements, and concerns can be discussed. Our team will then identify how we can best meet your needs.
