If you’re still managing your stock plan records and calculating your equity compensation expense with spreadsheets, you may be wasting time and increasing the risk of errors. Equity compensation reporting is a complex and difficult task that usually involves many spreadsheets that keep changing as employees come and go and options vest and terminate. The only way to make it easier and more accurate is to remove the manual calculations and let a system handle the heavy lifting. By connecting your stock plan administration records and your equity accounting variables, all you have to do is make sure the data is entered correctly. Corporate Focus will take care of the rest.
With Corporate Focus, accurate, precise amortization schedules, period-to-period reporting, and financial disclosures are now just a click away. Relax since the Corporate Focus reports and disclosures, along with our support team, have been through hundreds of audits and the CFOs are still smiling.
Efficiency: Stop Wasting Time Manually Calculating Your Equity Compensation Expense
By using a standard data entry template for stock plan administration and all of the equity accounting variables, Corporate Focus simplifies the data tracking. Then, sit back and relax and let our system do the rest. Whether you have 50 records or 500, one plan or many, your amortization schedules and equity compensation reports and disclosures are generated directly from your live data in a split second. Imagine, the hours of time and effort saved compared to doing the calculations manually or adding columns and updating formulas in your spreadsheets. Why not let Corporate Focus do the heavy lifting?
Accuracy: Reduce the Risk of Errors from Manual Calculations and Multiple Spreadsheets
Every time a spreadsheet is updated manually or by a different person, the risk of an error or inconsistency increases. Employee information changes. Option grants and terminations are constantly being updated. Options are vesting over time. And, as things change or options vest, the amount to expense or true-up may change. How do you insure it is being done right every time? How do you know it is being done the same? If you’re not sure, you can’t be confident that you have it right. Wouldn’t it be better if every option grant, every vesting schedule, every exercise or termination event was captured by the system and handled in the same way, every time, guaranteed. Wouldn’t that increase your accuracy and provide your auditors with more confidence?
Sharing: Provide 24/7 Access to Each Team Member
Equity compensation reporting involves many people who each need to know the information is right. Perhaps finance, human resources and legal each have to confirm different pieces of data or update the legal documents. There are board actions, option agreements, new employee hires, employee terminations, period to period reporting, and financial disclosures. Each person needs to see something different and no one has the time to wait for someone else to answer a question. It seems like it’s always deadline time. As a result, your finance team and those they work with need instant, self-service access to the stock plan administration and equity accounting information. If they have to wait, they may make a decision on the wrong data or without reviewing the right set of information. Why not let each person choose what they want to see, when they want to see it? With Corporate Focus, each person has immediate access to accurate, up-to-date information, as well as the added flexibility to export the data to spreadsheets (including formulas).
