Morris Plains, NJ (PRWEB) January 02, 2014
Figtree Software announces the release of StockTrack version 15.5. Besides the end of year updates for 2013 1099 tax reporting, the latest version of StockTrack shareholder accounting software provides many options for issuers to improve communications with Shareholders. This includes honoring shareholder preference for email or printed statements, custom letters, and new methods to send other types of files with email. This version also includes the ability to send notifications when a Transaction package is received and to send completion confirmations with tracking information when the transaction is completed. Recipients can track shipment status directly with carriers such as UPS, FEDEX, etc.
This version also supports compliance with rules requiring transfer agents to notify shareholders about uncashed checks.
This software is one of the most widely used products available for shareholder accounting and recordkeeping because StockTrack has all of the features that a Transfer Agent needs. The latest enhancements make StockTrack an even more useful and cost effective tool for companies with 20 to 20,000 shareholders.
The fact that this upgrade is free, as always, for companies holding current StockTrack support agreements makes this update a ‘no brainer’ for existing licensees. The fact that prospective licensees can try it free makes this the perfect time to look at StockTrack.
Version 15.5 continues the StockTrack tradition of providing many useful enhancements to this shareholder accounting package with each release based on customer requests and suggestions.
StockTrack provides a complete and cost effective Transfer Agent solution. The software supports issuance and transfer of stock; printing of stock certificates’ cash dividends (including generating NACHA formatted ACH files for direct deposit); stock options; dividend reinvestment (DRP); corporate debt and bond tracking with interest payments and tracking of shares used as collateral (pledged) against loans; proxy voting and reporting; mailings; stock splits, and all related reporting as well as support for 1099 tax reporting and S Corporation (also called subchapter S or S-Corp) K-1 and pro-rata ownership reporting.
Because StockTrack provides ‘as of’ and ‘date range’ reporting, you can get historical information in seconds. There is no need to print out all end-of-period or end-of-year reports to close periods.You can print these reports at any time. The system selects shares to receive proxy voting rights and cash distributions on a record date basis. It is in use by Commercial Stock Transfer Agents and Self Issuers, including S-Corporations, across the U.S.
Current licensees consider StockTrack a most complete and cost effective product. They cite ease of use, extensive feature set, as-of date reports on all aspects of shareholder accounting, flexibility, cost basis information, audit trails, reasonable pricing and great support as reasons they are happy that they selected and use StockTrack. Licensees report that StockTrack is “the easiest to use” shareholder accounting software. They particularly like the system flow which makes the software easy to learn and use.
There are more than 100 reports on all aspects of shareholding accounting for both C Corps and S-Corps including stock ledgers; certificate registers; transaction journals; pro-rata ownership, K-1 Reporting, insider trading and insider ownership; dividend and split reporting; check reconciliation; debt and interest payment; dividend reinvestment; proxy voting and voting card support; warrants and options; pledge tracking; and company overview of outstanding shares. In addition, statements, confirmations, and cover letters can be printed in ready-to-mail formats. Many reports are available as Excel spreadsheets as well as formatted reports.
Go to http://www.stocktracksoftware.com to obtain a free trial version, request an invitation to a live feature demonstration over the Internet, or view a short pre-recorded StockTrack overview. Contact Figtree Software, 973-539-9311 ext. 7027 or by email to stock(at)figtree(dot)com for more information.
All StockTrack licensees who are current on software maintenance and support are entitled to this update. Go to http://www.stocktracksoftware.com to download.
In business since 1983, Figtree Consulting, Inc. publishes StockTrack and is a developer and publisher of custom business software and nationally distributed software products. The company provides web-based and desktop applications for many industries including distribution, publishing, and banking. For more information, visit http://www.stocktracksoftware.com and http://www.figtree.com.