Carta - Happy user at 2 companies, including my current one!
November 08, 2019
Carta - Happy user at 2 companies, including my current one!
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Carta (formerly eShares)
We currently use Carta as our official record of all stock option grants to employees and equity grants to investors. All holders of equity awards must log in to Carta to view and accept any offerings.
Carta allows for us to have one central source of truth for all things equity, which is a necessity for any startup. It also allows the accounting team to automate the recording of all stock compensation expense required for US GAAP purposes, and it generates the support for all required footnote disclosures. To calculate all of this manually would be nearly impossible.
Carta allows for us to have one central source of truth for all things equity, which is a necessity for any startup. It also allows the accounting team to automate the recording of all stock compensation expense required for US GAAP purposes, and it generates the support for all required footnote disclosures. To calculate all of this manually would be nearly impossible.
- Streamlined and efficient UI.
- Automatic calculation of all necessary accounting computations and footnote disclosures, properly support for external audit purposes.
- A central source of truth for both internal (like accounting and legal) and external (outside counsel) stakeholders in the equity process.
- Still some issues with the auto-generated Excel file for stock calculations that required correction by technical support.
- Could offer integration into accounting platforms or HR/payroll platforms to further cut down on manual input.
- It should allow for custom user creation to allow for varying levels of access based on role in the company; currently, all security roles in the platform are out of the box without any modification allowed.
- Carta has allowed us to focus our time away from the manual calculation of complex transactions and more toward other business objectives.
- In addition, the manual tracking of granting, exercising, and forfeiting/expiration of stock options is done much more accurately with the use of Carta. This makes us that much more ready for another round of fundraising or exit.
Capshare seemed like a much less developed platform for cap table management, based on demos and discussion that we had when evaluating our options.
On the other side of the spectrum, Solium Shareworks seemed like a solution much more suitable for a public company. It was more complex and robust, but less user-friendly. It was also much more expensive.
On the other side of the spectrum, Solium Shareworks seemed like a solution much more suitable for a public company. It was more complex and robust, but less user-friendly. It was also much more expensive.
Do you think Carta delivers good value for the price?
Yes
Are you happy with Carta's feature set?
Yes
Did Carta live up to sales and marketing promises?
I wasn't involved with the selection/purchase process
Did implementation of Carta go as expected?
I wasn't involved with the implementation phase
Would you buy Carta again?
Yes