Many companies offer stocks and other securities to their employees and publicly. The goal is to boost awareness for your brand, be seen as an authority figure, and make more money (or give them away instead of bonuses/benefits). If you haven’t already, you should invest in stock option software, which takes a lot of the guesswork out of managing, creating, and holding stocks.
How to Pick One
If you’ve decided to buy or use stock option software, you can find a variety of options online. The goal is to make sure that it is secure and web-based. That way, you never have to worry about others getting the information they shouldn’t and can access it anywhere. Look for platforms that monitor and track every activity relating to the stocks. You should also make sure the software can track equity instruments for publicly and privately traded companies, all in real time.
In some cases, the tracking option isn’t standard but can be purchased separately or added to your plan. Either way, it’s an excellent thing to have.
The software you choose should also include:
- Separate portals
- Individual statements for view
- Customized reports
- Immediate access to activities/reports
You should also look for products that offer backup/recovery options automatically. You need to ensure that all the information is backed up so that it can be recovered if something happens with the network.
Benefits
The benefits of stock option software are plentiful. Many things are automated, such as the loading of interest rates and stock prices. Other automated features include volatility calculations, Binomial Valuation Values and Black Scholes calculations, and disclosures required for annual/quarterly disclosures. You can also generate a variety of letters, such as grants and option status.
If you choose a web-based version, you also benefit from giving direct access to employees, having multiple users access the system whenever they want, and more. Visit Colonial Stock Transfer for more information.
