Seamless and Guaranteed On-boarding Process
New clients simply need to send their data to Option Tracker Anywhere™ in their existing spreadsheets, and our staff will load the data onto the system and create a reconciliation report that shows and explains any discrepancies. This process is 100% guaranteed, and you would not be asked to pay your invoice until and unless we exceed your expectations every step of the way.
Share Certificate Generation
Private companies can generate their share certificate directly from the system. Different share certificate formats are available in Option Tracker Anywhere™.
Secondary Market Support
Option Tracker Anywhere™ allows the private company shareholders to trade shares among themselves, in an anonymous basis, at a price set by the company. This same process allows the company to buy back the shares from the shareholders who want to sell their shares but cannot find another shareholder to buy them.
Capitalization Table Management and Multiple Classes
Option Tracker Anywhere™ provides multiple versions of capitalization tables to suit the different needs of companies. Multiple classes are fully supported within Option Tracker Anywhere™.
Different Modes of Data Loading
Users of Option Tracker™ Anywhere have the choice of loading their data onto the system using different methods, including, single transaction add, multiple transaction add/or bulk upload from spreadsheets. In addition, they can also ask that the Option Tracker Anywhere™ team loads their data for them.
Support for All Types of Grants and Plans
Grants and Plans supported by Option Tracker Anywhere™ include:
- Employee Stock Options
- Restricted Shares
- Share Appreciation Rights (Phantom Shares)
- Convertible Securities
- Employee Share Purchase Plans
- Share Loan Transfer Plans
Grant Vesting Acceleration/Deceleration and Grant Modification
Option Tracker Anywhere™ supports all types of grant modifications, including the accounting treatment of these modifications. These include:
- Grant Acceleration
- Grant Deceleration
- Strike Price Modification
- Expiry Date Modification
Performance Grants and Performance Conditions
Option Tracker Anywhere™ supports adding performance criteria to the different grants (e.g. options, restricted shares, phantom shares, etc.) and attaching non-market-based performance criteria to them. For market-based performance conditions, a separate valuation needs to be done by Montgomery Investment Technology, Inc. using Monte Carlo Simulation. Of course, Option Tracker Anywhere™ supports both the administration and accounting of performance grants.
Grant Letter Generation
Option Tracker Anywhere™ supports the generation of the grant letters for your employees. While there are many grant letter formats that you can choose from, if you want Option Tracker Anywhere™ to add your own format to the portfolio of grant letters offered, we would gladly do that for you.
Employee and User Interface
Option Tracker Anywhere™ a special interface for the grant holders, employees and investors. Actions available through this portal include:
- Reviewing the status of the employee holdings
- Accepting the offered grants on-line
- Putting requests for settling their grants
- Transacting in the secondary market
Support for the Different Accounting Standards
Option Tracker Anywhere™ support both the US Stock-based Expense Reporting Standard (ASC 718) and the IFRS Share-based Payments Standard (IFRS 2).
Mark-to-market Accounting
According to ASC 718 and IFRS 2, cash-settled grants expenses need to be accounted for based on mark-to-market principles; this introduces a very high level of complexity if done manually. Option Tracker Anywhere™ take out the mystery of the mark-to-market calculations and provides the full justifications of the calculations.
Customized Disclosures
Option Tracker Anywhere™ allows its users to customize the view of the disclosures they generate on a quarterly or annual basis. This feature would allow the Option Tracker Anywhere™ users to generate all their periodic disclosures via one single report.
Various Valuation Models and Calculators
Option Tracker Anywhere™ provides various models for grant valuation, including Black Scholes valuation, Cox-Ross-Rubinstein Binomial valuation, Jarrow-Rudd Binomial valuation and Leisen-Reimer Binomial valuation. All the above valuations come with a complete justification in the form of automatically generated spreadsheets that contain the formulae for the valuation justification.
Various Customizable Accounting and Administrative Reports
Option Tracker Anywhere™ provides various reports that show the history of the accounting journal entries, in addition to running hypotheticals associated with the future expectations. These reports include, but are not limited to statistical reports as of a date, periodic statistical reports, periodic accounting reports, comparison (period and plan) reports, transaction impact reports, journal entry reports, diluted number of share reports, and others. These reports are fully customizable online based on the user’s needs.
Sophisticated Roles and Entitlement System
We consider our Roles and Entitlement System as one of the most powerful technical features of Option Tracker Anywhere™. The roles of a particular user dynamically modify the menu to entitle the user only to the modules he/she has access to. In addition this system is fully database driven, that is, any modifications can happen in real-time with no programming.
Time and Project Management
Option Tracker Anywhere™ allows the users to enter their time on the system, and allows the managers to generate the reports that would guide the creation of stock-based compensation grants for the employees. In addition, Option Tracker Anywhere™ comes with a simple project management tool attached to the time-management system to allocate the time entered to specific projects and tasks, in addition to the specific activities.