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5 Questions to Ask When Evaluating Equity Plan Management Software

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1. Will the solution help me streamline equity plan management and eliminate manual work? In our 2020 State of Equity Plan Management at Private Companies report, we asked stock plan administrators what they thought the most challenging part of their jobs were. Their responses revealed that, not only do they face numerous equity plan management challenges, but the challenges are varied. As you weigh different solutions, ask yourself whether each will help solve for not just one challenge, but the myriad of challenges you may be facing. With a digital platform that addresses numerous challenges, you can simplify many of the complexities of equity plan management and help reduce burdensome and error prone work. A solution that works together seamlessly may help your business improve accuracy and collaboration while saving time as well. SHAREWORKS Five Questions to Ask When Evaluating Equity Plan Management Software Managing an equity plan can be time consuming, which is why some companies invest in equity plan management software. An equity plan management solution may help reduce administrative headaches and unnecessary costs, while also helping you make data-based decisions. But what should you be mindful of as you're weighing different solution options? To help you get started, here are five questions you may want to ask yourself when evaluating equity plan management software: Understanding tax consequences Creating new equity plans Regulatory compliance Forecasting/Inventory management Data/cap table accuracy Administrative/Financial reporting Expensing Employee engagement & education Accounting/Record-keeping 32% 29% 28% 25% 25% 24% 24% 24% 21% What are the most difficult parts of equity plan management? Source: Shareworks By Morgan Stanley, "The State of Private Equity Compensation Report."

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