Zurich, 22 February 2016
With its latest software release, Equatex has introduced a range of powerful new features that benefit the users of its share and compensation plan administration platform EquatePlus. Additional enhancements to its share plan financial reporting solution EquatePyramid will facilitate reporting under US GAAP for corporate clients.
Allowing mobile users to login with their fingerprints
EquateMobile, the EquatePlus mobile application, now allows the use of Touch ID to log in on Apple devices. Plan participants can enable Touch ID, Apple’s fingerprint reader that comes with newer versions of the iPhone and iPad, in the app settings.
Keeping plan participants up-to-date on transaction status
With the latest release, plan participants get an email whenever a market transaction was executed. They will also be notified about any change to their order status, for instance if an order has expired or was rejected. Thanks to these automated email notifications, users will keep track of their transactions without the need to log in to EquatePlus. Plan participants can turn the automated notifications on and off in their personal preferences.
Support for financial reporting under US GAAP
EquatePyramid, the market leading solution for IFRS equity plan financial reporting, now supports reporting under US GAAP. The EquatePyramid reporting capability is fully integrated with the EquatePlus plan administration platform and offers a wide range of US GAAP compliant reports including:
- Expense reports for stock options, restricted shares, restricted share units and performance shares
- Reports on deferred tax assets (DTA)
- Dilution reports
- Various types of disclosure reports
All of these reports can be accessed in the EquatePyramid reporting wizard for customisation.
Equatex provides international employee and executive compensation plan services for today’s global enterprise, supporting clients with participants across Europe, Asia, Australia and America. With world-class cloud technologies, Equatex enables companies to deliver engaging compensation schemes across borders, languages and currencies. Equatex currently supports around 200 international businesses and their 1.5 million employees, providing customised end-to-end solutions from funding instruments to administration and execution.