Today, more than 350 companies rely on EASi. Our customers are public and private. They range from mid-sized companies built on generations of family reputation, to large international corporations with offices around the globe. They are publicly traded and privately held. From high tech to healthcare, retail, finance and energy, EASi customers represent every major industry sector.

Multinational Company
Relying on EASi since 2007

"I was in the technical accounting group responsible for standards compliance so FAS123R fell squarely into my world. I quickly recognized that my current software was not GAAP compliant. I spent the first six months in 2006 trying to get changes made but found my vendor’s product development timeline a long way off from meeting our needs. I started researching what else was available. I walked through our needs with another established provider and was told they could not deliver. Fortunately, an employee of that company, - who left there - remembered what I was looking for and introduced me to EASi. I walked the EASi team through my wish list which first and foremost included FAS123R compliance along with things that other multinational companies would need. EASi met many of my requirements already and was willing to develop new reports and the ability to group and filter participant data by line item. I was very impressed with the flexibility and speed of change. My ultimate goal is to have the ability to hire a temp and instruct them to push a series of buttons to get the reporting done right. EASi is well on their way to making that a possibility."

Before EASi We relied on a combination of Equity Edge for administration and spreadsheets. Reporting required a raw data dump and massive recalculation for several million tranches which took seven or eight days.

The Need We needed a FAS123R compliant reporting tool to handle NQSOs and RSUs for 15,000 employees around the world. Manual reporting was riddled with risk and not a scalable solution.

Why EASi EASi was the only company that we reviewed, that had a FAS123R compliant solution and was willing to adapt their software to met our needs including bolting on to our span Edge administration tool. EASi was willing to address items on our wish list including batch reporting.

Best Benefits With EASi we were able to scale from 11,000 participants to 16,000 by 2008. On average, we process 37 tranches per grant given the 12-month cliff vesting and the forfeitures have to be applied on a tranche basis. EASi handles the forfeiture calculations right. In addition, EASi doesn’t allow for a termination date before a hire date. We’ve significantly reduced the risk of human error and our SFAS 123R reporting process no longer requires people with deep FAS expertise to be involved at the detail level.

Documented Savings We shaved a full three days off the seven or eight it used to take to do the calculations and reporting. We also save on needing another set of eyes to verify the accuracy of the spreadsheet calculations. Our audit is beginning to take less time now that the auditors are familiar with EASi and can more quickly do their work. The common stock equivalent report which provides dilutive values of equity compensation for the earnings per share calculation is also a tremendous time saver.