EASi Launches Exercise Wizard with Role-Based Controls

EASi Launches Exercise Wizard with Role-Based Controls

Smart and Simple for Participants, Financial Advisors and Stock Plan Administrators

Pleasanton, CA - June 8, 2010 - Equity Administration Solutions, Inc. (EASi), the leading independent stock plan software company, today announced that it launched a robust exercise wizard premiering a design that anticipates the different needs that a participant, a financial advisor and an administrator have when they interact with real-time transaction information. 

Every step of the exercise's payment method and share elections, plus subsequent processing and settlement is driven by plan-level and system rules that allow for overrides and updates only by the appropriate user role.   Exercise details, plus underlying supporting data, are provided in panels that show transaction costs and distributions from the participant's point of view, the broker's and the company's.   Pertinent withhold-to-cover, swap and sell-to-cover valuations, taxes and other calculations are provided for validation of accuracy. 

"With each new release we deliver on the promise of making stock plan management and reporting easier," explained Vito Palmieri, CEO of EASi.  "We piloted our proposed approach with key users who helped refine our design to ensure we are meeting their diverse needs." 

The intelligent wizard prompts for information needed or populates it automatically from the EASi system. "Our rule-based processing allows customers more automated control with tools like flagging grants with an action step - such as Grant Acceptance Enforced - so grants that have not been accepted are not eligible for exercise," explained Denise Vitale, EASi's VP of Product Development who was instrumental in the development of this state-of-the-art functionality.  "We know of no other solution with as much flexibility or as much attention given to understanding how different users need different information for a transaction as it moves from Modeled to Settled," Vitale said.

Equity Administration Solutions, Inc. (www.easiadmin.com) set the standard in stock plan management software with its comprehensive industrial strength platform that handles all the accounting, tax and administration needs of companies that grant equity awards. Headquartered in Pleasanton, CA, EASi continues to lead the industry with second-to-none solutions in areas including FAS123R, IFRS 2, Performance Awards and WorkStream process automation. The company serves more than 500 customers with nearly one million participants in more than 60 countries spanning four continents.