If you’re looking for a way to improve the management and tracking of stock-based compensation, you’ll need the right tools. When you check out options in the market, be on the lookout for the following features. This list will help you make the best buying decision.
Customized Reports
When you browse through employee stock option management software solutions, look for a feature for customized reports. That’s a must. You need to have greater freedom over the reports, so you can get what you need. If that isn’t the case, keep looking.
Vesting Schedules
An excellent stock monitoring platform or solution can also make multiple vesting schedules possible. Check if it can offer full support for both uniform as well as non-uniform vesting schedules.
Accounting Functions
A software capable of the accounting functions that your staff would typically take care of is an excellent investment. It can automatically load stock prices along with their interest rates, calculate the volatility with ease, provide full support for evergreen plan calculations, and more.
Administration Functions
The right software will make it easy for your team to create a vesting and amortization schedule. The results will be based on the setup that your administrator chose, so that will decide whether the schedule will be daily, monthly, quarterly, or, semi-annually, or even annually. The other decisions involved are whether it’s the front end or back end, accelerated or graded.
Advanced Features
To make the most out of it, make sure you choose software designed with advanced features for advanced option activities. Does it have performance options setup and expensing? What about vesting deceleration, vesting and expense acceleration, or department black-out period setups? This is also a good time to check for features that support corporate actions. Find out before you pick a web-based solution for tracking and managing stock-based compensations.
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