As the CFO of a fast growing privately-held company, stock plan administration, option expensing and capitalization tables were never part of the job description. Yet, they’re complex tasks that involve members of your team, your outside attorneys and your auditors. It’s critical that you don’t waste any of your time and more importantly that you don’t spend any time trying to confirm the right numbers with your outside counsel. You’re overworked with the growing financial affairs of the business and your outside counsel and auditors are billing at hundreds of dollars an hour.
No matter the complexity of your capitalization structure or stock option plans, Corporate Focus enables your entire finance and legal team – internal and external – to quickly locate accurate answers to your most pressing questions, leading to better decision-making and lower legal and audit fees. With online capitalization tables and standardized option expensing under FAS 123R (now ASC Topic 718), it’s faster and easier to organize, find, and share this information. If you’re not using a system like Corporate Focus, think about how much time is wasted the next time you’re working with multiple spreadsheets and you need to get your capitalization table 100% right for the investors. Or, you need to true up your stock option expense for the amounts that vested each month and employee terminations over the past year. Empower your entire finance and legal team. End the waiting game.
Why Corporate Focus for Finance Departments?
- Stop wasting time manually updating multiple spreadsheets
- Streamline stock plan and ownership administration
- Produce fully-auditable FAS 123R valuation and expensing reports
- Share the workload among finance, legal, and outside counsel
- Enable anytime, anywhere access for the entire finance and legal team
- Offer auditors and outside counsel immediate, direct access to your information
- Generate online capitalization tables with supporting minute book documents
- Comprehensive reporting capabilities for any point in time
- Simplify complex ownership calculations for any date or class
