TrustRadius Insights
OptionTrax has been a valuable tool for users looking to simplify the management of their equity compensation plans and cap tables. The …
Overview
What is OptionTrax?
The OptionTrax™ Platform is a complete solution to manage employee stock plans. It simplifies plan administration with automated tracking, reporting, compliance, and communication capabilities.OptionTrax includes:SSAE-16 Type II compliance audit annuallySingle Web-based platform for stock options, RSAs/RSUs, performance structures, warrants and…
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- Competitors
- Tech Details
What is OptionTrax?
The OptionTrax™ Platform is a complete solution to manage employee stock plans. It simplifies plan administration with automated tracking, reporting, compliance, and communication capabilities.
OptionTrax includes:
- SSAE-16 Type II compliance audit annually
- Single Web-based platform for stock options, RSAs/RSUs, performance structures, warrants and ESPPs
- Easy to navigate and understand menus and reporting functionality
- Administrative reporting and an ad hoc tool for reconciliation
- Robust financial reporting includes streamlined assumption generation, valuation, expense reporting, diluted EPS, disclosures and tax accounting (ASC 718, ASC 260)
- Flexible yet easy-to-use Performance Award setup and management system
- Participant Access that allows participants to review their own online accounts and transact in a simple, intuitive interface
- ESPP module to track all cash contributions and rollover funds, share purchases and withdrawals
OptionTrax Competitors
- Shareworks, by Morgan Stanley
- Certent Equity Compensation Management (formerly EASi)
- Carta (formerly eShares)
OptionTrax Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
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OptionTrax has been a valuable tool for users looking to simplify the management of their equity compensation plans and cap tables. The live customer service feature has been particularly helpful for users who are not experts in equity compensation matters. According to customers, OptionTrax's live customer support has been crucial in providing expert guidance on such issues.
Additionally, users have found OptionTrax to be an easy-to-navigate platform that allows them to view their equity holdings in one place and keep track of participant options and grant timelines. This solution has helped users save time and improve data accuracy and completeness while providing the necessary tools for investor relations and ASC 718 maintenance accounting. With big batches of data, OptionTrax can handle everything needed for disclosure and reporting requirements as an SEC registrant. Furthermore, users who previously relied on an excel-based or internally-developed model have found OptionTrax to be a better alternative with more consistency in applying amortization methods and better model integrity, resulting in fewer errors.
Easy Navigation: Users have found that OptionTrax's platform is easy to navigate, and allows them to access their data with just one click. Reviewers have also appreciated the intuitive software interface, which has made it simple for them to use a variety of functions within the program.
Excellent Customer Service: Many users have praised OptionTrax's customer service team for being responsive and knowledgeable. They appreciate having direct and timely access to support staff, who can provide help via phone calls or screen shares if needed. Additionally, reviewers value the promptness of feedback from the customer service team.
Versatile Equity Award Handling: The software accommodates a wide range of equity awards, including standard and non-standard option grants, ISOs, NQSOs, RSUs, and options with double triggers. This feature has been widely praised by users who work in companies with complex equity structures as they find it easier to manage all types of awards on a single platform.
Difficult Menu Structure: Some users have found the menu structure of OptionTrax difficult to navigate, especially when switching between modules. This has caused frustration and a longer learning curve for these users.
Inconsistent Report Names: It can be hard to find reports that users need on a regular basis, as the report names are not always consistent. This inconsistency has led some reviewers to spend more time searching for reports than necessary.
Confusing User Interface: Some users have found the user interface confusing, especially in the beginning. This confusion may lead to errors or difficulty completing tasks efficiently.