Ranked #1 by CFOs for Private Companies
"Our CFO just came back from a high-level CFO conference and they ranked EASi as the #1 Stock Plan application for private companies! And, your customer service has been great."E-mail accolades from an EASi customer
Spreadsheet Elimination Case Study
Stock Plan: 100 participants; standard Stock Option plan plus restricted stock. We use EASi to manage and maintain convertible notes and warrants.
Before EASi: When I arrived Excel was our legacy system and I was very concerned about accuracy and our ability to address FAS 123R/ASC 718 requirements. I had used online software at my previous company and wanted to do so again so I started my research.
Why EASi: We took an in depth look at Equity Edge, Transcentive and EASi. We needed all the public company functionality and a tool that would pass muster with our auditors at the time, BDO Seidman. We felt very comfortable with the way EASi worked and so did our auditors. Cost was another deciding factor and EASi was by far, the most cost effective. EASi's broker neutrality also played in to our buying decision.
Making the Switch: Our package included a set number of hours of implementation support. I had someone working with me and EASi made the data conversion process easy, helping us format data properly and working with us to tie back to our Excel spreadsheets. The process was very straightforward and spanned a period of six weeks. We thoroughly tested the data from EASi against our prior 10Q and 10K to make sure it mirrored the data from our spreadsheets. Running the history gave me comfort with the EASi solution.
Best Benefits: All the pieces we use are valuable to us. It's great to have an active database and calculated weighted average shares outstanding and the information we need to meet SEC disclosure requirements. We appreciate the tables and reports that mirror what we have to submit in our filings. Now we use a regional auditing firm, Singer Lewak, and they are happy with the EASi solution, too. Any auditor would be happy with data that is this clean and crisp.
ROI with EASi: We save a lot of money and a lot of time. We paid a very fair price for the software and it more than paid for itself in the first three to six months in a reduction of auditor questions and time spent on daily management and oversight. Using EASi for stock plan management provides a level of comfort to a small company like ours that has limited resources for managing the process. EASi lets us use our limited resources more productively.