DocDep’s Cap Table Application Enhanced with Waterfalls and Other Management Tools

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DocDep released additional versions of their cap table application, SmartCap, which includes supplementary tools to provide a clearer, more strategic view of a company and what happens at an exit.

DocDep released additional versions of their cap table application, SmartCap, which includes supplementary tools to provide a clearer, more strategic view of a company and its ownership. New functionality includes waterfalls, option grant management, and an integrated filing structure. There are now 5 versions of SmartCap available; each one slightly modified to cater to the user.

The new tools released for SmartCap provide an organized and transparent way to maintain a cap table. The waterfall tool is a quick, easy way to calculate potential exit scenarios and determine how the proceeds from a sale of a company are distributed. The proceeds are shown per investor or per security class. The waterfall also includes a detail sheet, a step by step breakdown of how the payout is determined.

Option grant management has also been improved. Smart Cap now tracks vested, non-vested, exercised and expired options, and allows options to be exercised or returned to the pool.

For further support in managing materials and information that are key for a successful exit DocDep has filing systems that integrate with SmartCap. “It’s surprising how many portfolio companies I come in contact with that have unorganized cap tables, with missing or incorrect information” said Farid Naib, DocDep CEO. “There is a real need in this industry for a cap table application that combines source documents with a waterfall calculation.”

SmartCap is an online cap table application that keeps company records accurate and available. SmartCap is ideally suited for companies or investors that are looking to keep comprehensive cap tables that are organized and accessible. Multiple user and multiple company access is available.

SmartCap, the basic (free) version was released in March of 2012 and is currently used by over 250 companies. For more information on how SmartCap keeps cap tables organized and how it can help an exit, visit http://www.DocDep.com.

About DocDep
DocDep is a SaaS company that provides applications for the venture capital, private equity, legal, financial, and investment-backed communities. DocDep applications organize key company information, manage workflow, and allow for secure communication, while enabling compliance, good governance, and empowered decision-making. For more information contact DocDep at 800.872.9394 or Sales(at)DocDep(dot)com.

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Leah Stashko
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