There are many advantages to outsourcing your equity compensation plan. A professional provider of share plan services will know the ins and outs of the whole process (from implementation and administration to compliance, reporting and employee engagement) and be able to assist you at every stage on your journey.<\/p>\n\n\n\n
Selecting a firm that is knowledgeable, experienced, and really understands exactly what your business needs are is crucial. That\u2019s why we\u2019ve put together a comprehensive checklist to help you find the right share plan provider (PDF<\/a> | Excel<\/a>) whether you\u2019re looking to switch providers or are just starting out.<\/p>\n\n\n Download the checklist<\/a><\/p>\n <\/div> \n \n\n To help you get a handle on the share plan services listed on the checklist and their importance, read on to learn more about these common features offered as part of share plan services.<\/p>\n\n\n \u2611 Reporting suite A reporting suite<\/a> is a built-in library where you can easily access a wide range of ready-to-export standard reports.<\/p>\n\n\n\n There\u2019s an extensive financial reporting demand associated with share plan administration such as Fair Value, Earnings Per Share, Treatment of Forfeitures and Disclosures to name a few. If your software has a built-in reporting suite, you can typically get a real-time report with just a few clicks or schedule these to be automatically generated.<\/p>\n\n\n\n In addition to financial reporting, you might need business intelligence (BI) insights to show you say future vesting transactions, participant overview, participant payroll and tax etc. Check with your service provider to see if they offer BI reporting.<\/p>\n\n\n This feature allows you to blend share plan data with the systems like HR and payroll software you\u2019re already using. You can enjoy the benefits of merging data and workflows between technologies with near-real-time delivery.<\/p>\n\n\n\n Ask your share plan provider to see if they have developed any pre-built app integrations or if their own APIs<\/a> are capable of integrating with any system or application you require.<\/p>\n\n\n If you consider expanding your business globally<\/a>, it’s common to bring your global workforce together by extending equity compensation offerings to them.<\/p>\n\n\n\n Doing that in-house can be daunting especially if you don\u2019t have local teams to assist you. Some companies on the market have expertise in dealing with global share plans including local culture and regional regulations with regards share plans to ensure you stay compliant.<\/p>\n\n\n A participant portal<\/a> is an online self-service platform to engage your employees and provide them with 24\/7 access to their equity awards.<\/p>\n\n\n\n Each employee will be given a link to the portal with login credentials. They can log into their account anytime, anywhere and see exactly what stock they have and how much it\u2019s worth. This will not be possible with other manual equity plan solutions but only with dedicated software. <\/p>\n\n\n This service gives your employees full control and being able to easily and quickly transact whenever they want to.<\/p>\n\n\n\n It’s worth asking if your provider offers your share plan participants brokerage services to provide them with this added advantage of seamless and direct access to the financial markets.<\/p>\n\n\n <\/h2>\n \n\n\n
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\u2611 Integration with systems you already use
\u2611 Capability to support global expansion
\u2611 Participant portal
\u2611 Trading solution
\u2611 Employee communications package<\/p>\n\n\n \u2611 Reporting Suite<\/h2>\n \n\n
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\u2611 Integration with systems you already use<\/h2>\n \n\n\n
\u2611 Capability to support global expansion<\/h2>\n \n\n\n
\u2611 Participant Portal<\/h2>\n \n\n\n
\u2611 Trading solution<\/h2>\n \n\n\n
\u2611 Employee communications package<\/h2>\n \n\n\n