Pledge System in StockTrack Helps Companies Track Stock Used as Collateral for Loans

When stock is used as collateral for loans, it is important to keep track of which shares are pledged to loans and to be sure that such shares are not retired or transferred. The Pledge System Option in StockTrack shareholder accounting software manages tracking, renegotiation, and releases of such pledges and includes comprehensive reporting on this important task.

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StockTrack has the largest number of bank and bank holding company licensees of any full featured shareholder accounting software.

Morris Plains, NJ (PRWEB) November 15, 2012

When stock is used as collateral for loans, it is important to keep track of which shares are pledged to loans and to be sure that such shares are not retired or transferred. The Pledge System Option manages tracking, renegotiation, and releases of such pledges and includes comprehensive reporting on this important task.

The latest version of StockTrack also includes many other new features and ease of use enhancements. Additional information about StockTrack is available at http://www.stocktracksoftware.com.

“StockTrack currently has the largest number of bank and bank holding company licensees of any full featured shareholder accounting software. The new features make it even more attractive to these groups as well as other self-issuers and commercial transfer agents” according to company President Abby Rosenstein.

Version 14.54 continues the StockTrack tradition of providing many useful enhancements to this shareholder accounting package with each release. 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 files for direct deposit), dividend reinvestment (DRP), proxy voting and reporting, stock splits, and all related reporting as well as support for tax reporting. It is in use by Commercial Stock Transfer Agents and Self Issuers, including S-Corporations, across the U.S.

Current licensees consider StockTrack the most complete and cost effective product available. They cite ease of use, extensive feature set, 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 including stock ledgers; certificate registers; transaction journals; pro-rata ownership, K-1 Reporting, insider trading and insider ownership; dividend and split reporting; dividend reinvestment; proxy voting and voting card support; warrants and options; 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 this software free for evaluation, request an invitation to a live feature demonstration over the Internet, or view a five minute 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.

About Figtree
Figtree Consulting, Inc. is the publisher of 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.


Contact

  • Abby Rosenstein
    Figtree Consulting, Inc.
    (973) 539-9311
    Email