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Certent Equity Management

Score7.2 out of 10

11 Reviews and Ratings

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What is Certent Equity Management?

Certent Equity Compensation Management, now part of Insightsoftware since the January 21 acquisition, helps companies stay compliant in the administration of equity awards and grants.

Categories & Use Cases

Reviews

What users are saying about Certent Equity Management.
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Certent Equity Management: Stock-Based Accounting Software

Ankit Kumar RaiView profile
Regional Manager in Corporate at Square Yards (5001-10,000 employees employees)

Use Cases and Deployment Scope

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.

Most Important Features

  • It saves a lot of time and energy in Capital report generation.
  • [The] report system is easily audited.
  • [The] software is quick and allows many users to use it at the same time.
  • [It] manages stock options and ESPP contributions.

Return on Investment

  • It helps with taxation compliance, which could be a major issue.
  • [The] uploaded template helps with large amounts of data [that needs] uploading in grants and helps keep a lean team in management and operations.
  • [The] availability of different types of reports makes transactional activity easy.
  • Accounting, reporting, and disclosures become easy.

Alternatives Considered

Active Trader Pro (Fidelity Investments)

Other Software Used

HR Central, HR Cloud Workmates, ServiceNow Customer Service Management

Certent Equity Compensation Management has the right tools for you

Incentivized
Verified User
Vice-President in Finance and Accounting (1001-5000 employees employees)

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.

Most Important Features

  • Section 16 filing portal
  • black Scholes expense model
  • Stock option tracking

Return on Investment

  • none

Alternatives Considered

Charles Schwab

Product is complex. We use an outside consultant to manage.

Verified User
Manager in Finance and Accounting (201-500 employees employees)

Pros

  • 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.

Return on Investment

  • It saved us a full time headcount of someone manually tracking all options. Most public companies have someone dedicated to stock plan administration, or at least a 0.5 FTE. We didn’t have that luxury here.
  • However there are costs. We have to hire a consultant Plan Mosaic to work with the system that costs $2k/month. I am not very happy with them. They are a really small shop, so you don’t have a lot of people you could call to get stuff done. Only 1-2 people can get things done for you.

Usability