Since Corporate Focus is a consolidated system, the entire collection of data records and documents are connected. You don’t have to find information in different places or even search for it within the system. For instance, you might be tracking the board members and have the names linked to the minutes that elected them. Those minutes are also linked to the charter amendment that increase the authorized common stock for the stock option plan. The records for the new option grants are linked to the board minutes that authorized them.
It’s all connected in Corporate Focus so you’re more efficient, more accurate and can share the information more easily. We think of it simply as better insight into your corporate transactions.
Capitalization Management
- Capitalization dashboard – fully-diluted by name or class
- Common and convertible preferred stock
- Stock options and restricted stock
- Warrants, membership units and other security types
- Unlimited user-defined vesting schedules
- Reserved shares management
- Employee information tracking
- Detailed tracking of all grant information
- Signed ownership agreements and notices
- Flexible capitalization tables for any date
- Export to spreadsheets with formulas
- Print stock certificates and option agreements
- Wizards for stock transfers
- Wizards for option exercises and cancellations
- Automatic cancellations of expired options
- Automated adjustments for preferred stock conversions
- Wizards for stock splits and other updates
- Rule 701 analysis and $100k ISO limit
- Complete audit trail of user changes
- All transactions are supported by signed documentation
- Automated email notifications to the plan administrator
- Warnings before available shares are exceeded
Option Expensing Module
- Automatic calculation of grant date valuation
- Black-Scholes valuation formula
- Track all valuation variables and forfeiture rates over time
- Calculate historical volatility based on daily closing prices
- Calculate interest rate based on Federal Reserve rates
- Calculate expected term using SAB 107/SAB 110 simplified-method
- Calculate forfeiture rate based on historical forfeiture experience
- Manage the documents that support each variable
- Use modified straight-line or accelerated expense amortization
- True-up expense amortization based on actual vesting and forfeiture history
- Generate consolidated reports for ASC 718 (FAS 123R A240) disclosures
- Generate audit worksheets to back up disclosures
- Note: The Option Expensing Module is an optional add-on to Corporate Focus.
Entity Life-Cycle Management
- Corporate governance dashboard
- Track all entity types
- States and dates of organization
- Registered agents and contact information
- State and Federal registration numbers
- Officers, directors and committees
- Global election and retirement
- Attorneys, paralegals and company contacts
- Company logos and pictures of people
- Foreign qualifications and annual reports
- Charters, by-laws and other governance documents
- Board and Stockholder minutes and consents
- Meeting dates and minute book locations
- Scanned closing binders online
- Contracts and other agreements
- Due date and reminders tracking
- Calendar view and daily email reminders
- Organization charts for related entities
- Documents linked to all records
- Full-text searching of all documents
- Over 200 user defined fields
- Notes fields
