Case Study
Compliant Reporting Solution Supports 15,000 Participants Worldwide
Compliant Reporting Solution Supports 15,000 Participants Worldwide THE SITUATION A global internet powerhouse had a large stock plan that spanned the globe, and it was relying on a combination of an administration platform and spreadsheets for administration and reporting. Reporting required a raw data dump and massive recalculation for several million tranches which took seven or eight days. The company needed an ASC 718 compliant reporting tool to handle NQSOs and RSUs for its 15,000 employees around the world. Manual reporting was riddled with risk and not a scalable solution. THE TRANSFORMATION The technical accounting manager recognized that the current software was not GAAP compliant, and he began researching what was available. Upon meeting with Certent, the company di