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Cake Equity vs. Optimum Solutions HRIS (discontinued)

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Cake Equity

    Score10 out of 10
    N/ACake Equity provides a platform to help startups and scaleups raise capital, manage shareholders and grow their business.

    $0

    per month up to 5 stakeholders

    Optimum Solutions HRIS (discontinued)

    Score9 out of 10
    Mid-Size Companies (51-1,000 employees)
    Optimum Solutions, Inc. was a software development company providing Payroll, Human Resources, and Time & Attendance software for both the IBM iSeries (AS/400) and Microsoft Windows platforms or in the cloud. In October 2019 they were acquired by Kronos, Inc (now UKG after merging with Ultimate Software). Former Optimum products are now supported by Kronos / UKG, and are no longer sold available for sale.N/A
    Pricing
    Cake EquityOptimum Solutions HRIS (discontinued)
    Editions & Modules
    Starter
    $60
    per month 30 stakeholders + $4 per additional
    Growth
    $125
    per month 30 stakeholders + $7 per additional
    No answers on this topic
    Offerings
    Pricing Offerings
    Cake EquityOptimum Solutions HRIS (discontinued)
    Free Trial
    YesNo
    Free/Freemium Version
    YesNo
    Premium Consulting/Integration Services
    NoYes
    Entry-level Setup FeeNo setup feeRequired
    Additional DetailsDiscount available for annual payment of Growth and Starter plans.—
    More Pricing Information
    Features
    Cake EquityOptimum Solutions HRIS (discontinued)
    Payroll Management
    Comparison of Payroll Management features of Cake Equity and Optimum Solutions HRIS (discontinued)
    Feature
    Cake Equity
    -
    Ratings
    Optimum Solutions HRIS (discontinued)
    7.5
    1 Ratings
    10% below category average
    Pay calculation00 Ratings9.11 Ratings
    Benefit plan administration00 Ratings5.51 Ratings
    Direct deposit files00 Ratings9.11 Ratings
    Salary revision and increment management00 Ratings6.41 Ratings
    Best Alternatives
    Cake EquityOptimum Solutions HRIS (discontinued)
    Small Businesses
    No answers on this topic
    Patriot Payroll
    Score8.6 out of 10
    Medium-sized Companies
    No answers on this topic
    APS
    Score5.7 out of 10
    Enterprises
    No answers on this topic
    ADP Streamline Payroll
    Score6.1 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    Cake EquityOptimum Solutions HRIS (discontinued)
    Likelihood to Recommend
    10.0
    (2 ratings)
    10.0
    (3 ratings)
    Usability
    10.0
    (2 ratings)
    -
    (0 ratings)
    User Testimonials
    Cake EquityOptimum Solutions HRIS (discontinued)
    Likelihood to Recommend
    Cake Equity
    Cake Equity has honestly been great at the moments that matter most to me. When I first accepted my option offer, it was so easy to jump in and actually understand my vesting terms, none of that waiting around for HR or a lawyer to walk me through a confusing PDF. And then every time we've closed a new funding round, I just log in and can see straight away how it's affected my equity's value, instead of firing off an email and waiting days for someone to get back to me. It's made those big milestones feel a lot less stressful and a lot more exciting.
    Incentivized
    Read full review
    Discontinued Products
    Optimum Solutions works very well for all our payroll needs. We run payrolls weekly, semi-monthly, monthly and yearly. The end of year process is lined out very well and webinars are available to go over any new regulations required. We haven't utilized the HR part of the software as much on the iSeries but are planning on changing that once we get converted to the Windows version later this year. The main reason for this is the HR part of the software on the iSeries is separate from payroll.
    Incentivized
    Read full review
    Pros
    Cake Equity
    No answers on this topic
    Discontinued Products
    • The setup of Optimum HRIS was intense as the software comes as a basic shell and everything is personalized to our organization. All earnings codes, leave time, employee types, job codes, taxes, etc. are set up for each company. While this was almost overwhelming at the beginning, we have so much control over the set up and better grasp of the inner workings of the system.
    • Tax updates come quickly and are easily applied. This is especially welcome at year end.
    • The built-in reporting is robust and offers a lot of options, but the ability to dig in to the database using SQL and Excel allows for very powerful reports that are infinitely personalized.
    Read full review
    Cons
    Cake Equity
    No answers on this topic
    Discontinued Products
    • When exporting reports to Excel I found the formatting to be difficult to work with and having to reformat the reports can be a nightmare. My company's IT department created its own business tools to make the reporting format more user friendly.
    Incentivized
    Read full review
    Usability
    Cake Equity
    Cake Equity is very user friendly
    Incentivized
    Read full review
    Discontinued Products
    No answers on this topic
    Alternatives Considered
    Cake Equity
    No answers on this topic
    Discontinued Products
    We evaluated some payroll services but found the ongoing cost greater than the initial cost of purchasing our own software and keeping the payroll process in house. Other payroll software was generally more expensive and we are satisfied with Optimum Solutions. I would say the main reason we stayed with Optimum Solutions, converting from their iSeries version to their Windows version, was because of their outstanding staff and support.
    Incentivized
    Read full review
    Return on Investment
    Cake Equity
    No answers on this topic
    Discontinued Products
    • More accurate payroll processing
    • More accurate tax payments and reporting
    Read full review
    ScreenShots

    Cake Equity Screenshots

    Screenshot of the interface to monitor a startup's equity performance with Cake Equity.Screenshot of where to manage option pools for a startup with Cake Equity.Screenshot of a view that provides transparency and control over shareholder, noteholder, and optionholder details with Cake Equity.Screenshot of where to customize a startup's equity structure with Cake Equity.Screenshot of some statistics that give teams, advisors and investors access to their equity holdings with Cake Equity.Screenshot of stock option management for employees, advisors, and investors, appearing in Cake.

    Optimum Solutions HRIS (discontinued) Screenshots

    Screenshot of Main Employee Screen