TrustRadius Insights for Certent Equity Management are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.
Business Problems Solved
Certent has been praised by users for its ability to accurately track stock options and restricted grants. With its automation capabilities, the software expedites the month-end closing process by generating reports seamlessly. Customers value the standardized reports that Certent offers, which provide status updates on grants, exercises, vestings, and terminations. By simplifying administrative and financial reporting procedures, Certent ensures increased efficiency and reliability. Users appreciate the user-friendly interface and the availability of standardized reports for equity compensation plans. Additionally, Certent proves beneficial for extracting detailed accounting plans and stock plan reporting in the market. The software also facilitates SEC reporting, including Black Scholes option expense calculations, as well as filing forms 3, 4, and 5 with the Securities and Exchange Commission using Certent's Section 16 filing platform. While some users encounter occasional challenges when running reports or exporting data to Excel, overall, they have had a positive experience with Certent. Its valuable functionalities make it an indispensable tool for learning about equity administration. Furthermore, customers have commended Certent's responsive and knowledgeable customer service team for their assistance.
Certent Equity Management is used in the following ways at [my organization]. [From] my previous experience, this is how it was used: 1. It is used as [an] Equity management software. 2. It is used to administer grants and Esops to new and existing employees. 3. It helps with [the] extraction of Reports on Equity Compensation plans. 4. It helps with detailed Accounting plans. 5. It also helps with detailed stock plan reporting on the market.
Pros
It shows grant allocation and value well.
It calculates taxation and IFRS compliance.
[It] automates and streamlines stock allocation and grants management.
[It provides] seamless integration with internal critical systems.
Cons
Training could be given better to employees.
[In my opinion, the] customer support team is very slow in response.
It should allow [the] customizing [of] reports, including column headings.
Likelihood to Recommend
Certent Equity Management is well suited in the following ways: 1. [The] software provides seamless integration to internal software. 2. [It provides] detailed reports of market equity management. 3. [The] software prepares financial equity footnotes for 10k reporting very well. 4. It helps with award modification [as] needed. 5. I enjoy doing capitalization tables.
We use Certent to keep track of all our stock option grants and produce reports for SEC reporting, which includes black Scholes option expense. In addition, we use the Section 16 filing platform to file our forms 3, 4, and 5's with the Securities and Exchange Commission. We have had no problem with this product and have received great support when needed.
Pros
Great response time
Easy to use
Great search feature
Cons
There are no features that are hard to use or that I would like to see improved.
Likelihood to Recommend
Well suited to track stock option grants and provide reports for SEC filings. Well suited to submit forms for section 16 filers.
VU
Verified User
Vice-President in Finance and Accounting (1001-5000 employees)
Expense calculations – the whole accounting for equity awards is pretty technical and not real easy to follow. It does a good job of calculating GAAP expense for each award.
Cons
We had to have an external consultant oversee and manage the software for us. It wasn’t easy enough for us to use on our own. Some of that may be because of the feeding of information between EASI and UBS Onesource software which is used for participant management of equity awards.
We just have read capabilities in-house and the ability to set-up new users. Anything needed to uploaded we have to send to our consultant, Plan Mosaic, to upload.
While some of the reporting is good, some is not that good. You are able to generate reports in PDF and download into Excel. However, some of the reports in Excel would dump a lot of unnecessary information and require you to do a lot of manual clean up.
Likelihood to Recommend
VU
Verified User
Manager in Finance and Accounting (201-500 employees)