OptionTrax Review
What is OptionTrax?
OptionTrax is a customizable suite of stock option plan and cap table management software. Developed with the support of experienced equity professionals, it is designed for both private and public organizations. It can be utilized by anybody from small startups to huge public companies with small to medium-sized equity plans.
The software handles different award and security types — including digital stock certificates and e-signature-based grant agreements — in various currencies. Moreover, using the Black-Scholes model, OptionTrax can help you streamline performance vesting and management of termination types.
Through advanced technology, real-world education, and streamlined support, OptionTrax aims to simplify equity administration for both private and public entities. OptionTrax offers the flexibility of letting you choose between self-administration or fully supported program management. Their plans are also customizable, so you can choose which services your organization actually needs and can afford.
OptionTrax simplifies equity and stock option plan management through the combination of automated tracking, comprehensive reporting, and efficient communication. Furthermore, despite the program’s simplicity, all of OptionTrax’s features echo stringent compliance requirements.
OptionTrax allows you to design your own program through their proprietary insight™ modules. You can select which systems you want to integrate with the platform to make tracking and management more efficient. Because of its flexibility, you gain control of how much your plan will cost.
Show MoreOverview of OptionTrax Benefits
OptionTrax provides the following main benefits:
Easy automated tracking
OptionTrax employs a combination of advanced technology and integration to help you efficiently and seamlessly track the history of your investors, funding, issuances, cancellations, and corporate actions. It also lets you track cost basis, investor activities, funding events, and other aspects in a single, easy-to-use platform.
Simplified employee stock plan administration
Employee stock plan management can be a challenge for companies hoping to leverage reliable monitoring and recording while wanting to maintain simplicity and cost-efficiency. OptionTrax is designed specifically to meet users’ need for a simplified stock plan management process without compromising efficiency and accuracy. OptionTrax provides real-time summarized or detailed reporting of plan and transaction details, all while being easy to navigate.
Various administration service levels
Different organizations operate differently and thus have different needs. These needs are also bound to change and evolve over time. OptionTrax was developed with this in mind. The team behind OptionTrax offers various levels of support, each designed to meet your dynamic support needs.
You can choose between self-administration, customized administration, and full outsourced administration. You have the freedom to switch between these support levels as you deem necessary.
Manage multiple accounts with a single login
Possibly one of the main reasons why you’re on the lookout for an equity plan and cap table management software is so that you can monitor and manage multiple accounts using just one platform. OptionTrax lets you do exactly that. With this program, you can integrate your equity compensation plan and cap table and shareholder management modules. As a result, you can easily follow both internal and external investor and shareholder activities.
Full customization option
Aside from its robust reporting and functionality features, OptionTrax also allows organizations to fully customize their own system. This way, OptionTrax meets your specific integration, communication, reporting, and management needs. Customizing your OptionTrax system also means that you will only pay for services that you actually need and use. This is made possible by their insight™ modules.
Show MoreOverview of OptionTrax Features
- Employee stock plan tracking
- Termination schedule customization
- Unlimited vesting schedules management
- Transactions processing
- ESPP cash contributions tracking
- Withdrawals and share purchases tracking
- Transaction reporting
- Report filtering
- Different report formats
- Ad hoc reports
- Calculation of intrinsic award values
- Disclosure requirements
- Acquisition and liquidation modeling
- Investor activities tracking
- Payout
- Acquisition & exchange management
- Multiple accounts management
- Document access and storage
What Problems Will OptionTrax Solve?
Problem #1: When managing your stock option plan in Excel becomes a headache
With full, flexible reporting functionality and complete auditability, OptionTrax removes the headaches caused by managing your equity plan in Excel.
Problem #2: Your company has grown. So has the complexity of your equity plan
OptionTrax has the flexibility to add new award types, vesting schedules, termination types, special cases for executives and more. Unmatched flexibility means OptionTrax can support you as your needs change and your plan grows.
Problem #3: When you’ve got questions your current provider can’t answer or takes too long to answer
The vendor has experts ready to help. You get a phone number with a highly-experienced Certified Equity Professional waiting on the other end to answer questions about the system or equity comp at large. The average tenure of the vendor’s experts is 17 years.
Awards & Quality Certificates
OptionTrax Position In Our Categories
Since businesses have distinctive business demands, it is only rational they avoid selecting a one-size-fits-all, “perfect” software system. Still, it is nearly futile to come across such an app even among sought-after software solutions. The rational step to do should be to tabulate the different vital factors which require analysis such as key features, plans, technical skill ability of the users, business size, etc. After which, you should conduct your research thoroughly. Have a look at some of these OptionTrax reviews and check out the other software systems in your shortlist in detail. Such detailed research guarantee you stay away from ill-fitting applications and pay for the one that provides all the benefits your company requires.
Position of OptionTrax in our main categories:
It is crucial to note that hardly any service in the Financial Reporting Software category is going to be a perfect solution that can match all the requirements of different business types, sizes and industries. It may be a good idea to read a few OptionTrax Financial Reporting Software reviews first as specific software may perform well exclusively in a really narrow group of applications or be created with a very specific type of industry in mind. Others might operate with an idea of being simple and intuitive and therefore lack advanced features needed by more experienced users. There are also apps that focus on a broad group of users and provide a complex feature base, but this usually comes at a higher price of such a solution. Be certain that you're aware of your requirements so that you get a software that provides all the functionalities you look for.
How Much Does OptionTrax Cost?
OptionTrax Pricing Plans:
Free Trial
Cap Table Management for Private Companies
$50/month
Equity Plan & Cap Table Management for Private Companies
$200/month
Equity Plan & Cap Table Management for Public Companies
$350/month
Tailored
Contact vendor
What are OptionTrax pricing details?
OptionTrax Pricing Plans:
Free Trial
Cap Table Management for Private Companies
$50/month
Equity Plan & Cap Table Management for Private Companies
$200/month
Equity Plan & Cap Table Management for Public Companies
$350/month
Tailored
Contact vendor
Below are sample OptionTrax plans and the included features. Interested parties are encouraged to contact the vendor for more detailed and customized enterprise pricing.
Cap Table Management for Private Companies – Starts at $50 per month, billed annually
- Funding and capitalization reporting
- Securities and shareholder management
- Document management and storage
- Corporate action processing
Equity Plan Management for Private Companies – Starts at $200 per month, billed annually
- Real-time reporting
- Compliance monitoring
- Stakeholder communication
- Automated equity tracking
Equity Plan Management for Public Companies – Starts at $350 per month, billed annually
- Real-time reporting
- Compliance monitoring
- Stakeholder communication
- Custom award valuation
- Equity tracking
User Satisfaction
Positive Social Media Mentions
113
Negative Social Media Mentions
3
We are aware that when you decide to buy a Financial Reporting Software it’s vital not only to find out how professionals evaluate it in their reviews, but also to find out whether the real clients and businesses that purchased this software are indeed content with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and OptionTrax reviews across a wide range of social media sites. The information is then displayed in an easy to understand way indicating how many people had positive and negative experience with OptionTrax. With that information at your disposal you should be prepared to make an informed purchasing decision that you won’t regret.
Technical details
Devices Supported
- Web-based
Deployment
- Cloud Hosted
- Open API
Language Support
- English
Pricing Model
- Monthly payment
- Annual Subscription
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for OptionTrax?
No information available.
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