OptionTrax is known for its simplicity and ease-of-use, and now we can ensure that our clients have access ... to the equity plan financial information they need, at the level that makes the most sense for their business.”
Ardmore, PA (PRWEB) September 18, 2013
Elena Thomas, COO of Plan Management Corp. (“PMC”), the provider of the OptionTrax equity compensation plan and stock option plan administration system, and the InvestmenTrax investor management and securities issuance administration system, announced today that PMC has rolled out a new enhanced version of their ASC718 equity compensation award expensing module in OptionTrax. This latest enhancement gives organizations with equity compensation and stock option plans the ability to expense awards monthly or weekly, in addition to quarterly.
Ms. Thomas was quoted as saying, “We know that each business cycle is different, and may require different periods for managing equity compensation expense. Some of our clients are retail companies that view their cycles as weekly, and are looking to amortize their award expense in line with that weekly cycle.”
Ms. Thomas noted that this new ability to manage expense at a weekly or monthly level is in addition to the significant flexibility that previously existed within OptionTrax. OptionTrax currently accommodates several expense methods such as standard ratable, straight-line, modified straight-line, and front-loaded.
She commented “Our clients already have the ability to expense awards with different expense methods, including mark-to-market, and they can create custom fiscal year calendars or retail calendars. Now we are taking that flexibility to the next level of granularity. OptionTrax is known for its simplicity and ease-of-use, and now we can ensure that our clients have access quickly and easily to the equity plan financial information they need, at the level that makes the most sense for their business.”
About Plan Management Corp.
Plan Management Corp (PMC) has been in the equity compensation and stock option plan administration business since 1994, offering both software platforms and full outsourcing support models. PMC clients are public and private company administration teams, CFOs and accounting groups looking for plan administration and ASC 718/ FAS 123R compliance and financial reporting solutions. PMC clients have plans of all sizes, but PMC is uniquely qualified as a partner for companies with small to mid-size plans, and for private companies preparing for growth or an IPO.
To find more about Plan Management Corp products and services, visit http://www.planmanagementcorp.com