OptionEase Adds Equity and CapTable Management Solution to Product Offerings
New EquitEase Tool Integrates With the Company's Existing Applications and Is Available in Limited Beta
SAN JUAN CAPISTRANO, CA--(Marketwire - February 21, 2008) - OptionEase Inc., the leader in on-demand accounting compliance software, introduces EquitEase, an on-demand Equity and CapTable Management tool, designed for financial professionals. The new tool, which is in limited beta testing, has been designed to manage and analyze all current or future equity and debt financings. In addition, EquitEase integrates seamlessly with the OptionEase FAS 123(R) compliance solution, offering a more complete solution for equity compliance and stock option accounting.
"Our number one priority is to provide our clients with the accounting and finance tools they need to save time, money and more importantly, to meet stringent regulatory compliance issues. EquitEase will enable clients to have a single source solution for complete equity tracking," said Kimberly Kovacs, chief executive officer, OptionEase. "Our application is Web-based, so we are able to develop EquitEase in real-time with our client CFOs, to ensure that it accurately meets their specific requirements."
On-Demand Secure Access
The tool, available as a Software-as-a-Service (SaaS) provides finance professionals the ability to accurately track, by investor, all equity, debt or other financing arrangements, as well as the effects on dilution, voting and other key parameters. EquitEase is offered on its own or with the OptionEase FAS 123(R) [now ASC Topic 718] application, as a fully integrated equity, CapTable and FAS 123(R) [now ASC Topic 718] compliance solution. The Web-based solution can be accessed at any time, day or night, from any Internet-equipped device. Completely secure, EquitEase can be accessed by multiple users simultaneously and each user can be assigned specific security level access.
Complete Integration for Accurate Tracking and Planning
EquitEase fully integrates with the OptionEase FAS 123(R) [now ASC Topic 718] compliance solution, delivering a seamless solution for an accurate audit trail for every add, update or delete transaction. The new solution, allows for "what-if" planning to see the impact of the next round of funding or the impact of varying stock price changes for equity holders and outstanding option holders. In addition, EquitEase has detailed document generation and tracking features and allows for complex queries and filtering.
Availability
The EquitEase application is available in limited access only to customers participating in the beta test. The OptionEase FAS 123(R) [now ASC Topic 718] compliance solution is available today and is in full implementation with more than 100 companies.
To find out more about EquitEase or OptionEase or to schedule a live web demonstration, visit, www.OptionEase.com or call 866-550-EASE (3273).
About OptionEase, Inc.
OptionEase (www.optionease.com) is leading the evolution of SaaS-delivered regulatory applications in the highly complex governance, risk and compliance (GRC) marketplace. The company’s first product was designed specifically for audit compliance under FAS 123(R) (ASC Topic 718) and now encompasses a full suite of end-to-end equity management tools. This SAS 70 Level II certified solution “standardizes compliance” and enables secure collaboration across multiple constituents, allowing clients to focus on strategic business functions. More than 400 private VC-funded and large multi-national public corporations rely on OptionEase's solutions and service to comply with financial and regulatory reporting requirements under FAS, SEC and IASB. OptionEase is located in San Juan Capistrano, Calif. and funded by venture capital and private equity.
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