Market leading enterprise solution supporting IFRS and US GAAP
EquatePyramid can be integrated with any leading plan administration system, such as EquatePlus, to deliver an extensive range of advanced accounting and disclosure reports.
Compliant with IFRS and US GAAP, EquatePyramid can receive feeds containing participant and transactional data directly from company records and third-party administrators to create reports in real-time.
We separate the Financial Reporting Competence Centre from our plan administration teams to ensure that both business lines deliver state-of-the-art software and services within their field.
With 20 years’ experience, our teams of accounting experts have comprehensive accounting and financial reporting knowledge from all types of share-based and deferred cash compensation plans.
EquatePyramid is the market leading accounting and financial reporting software for equity compensation plans. With extensive experience proven across more than 100 multinational clients and Big 4 audit firms, the platform also handles complex features such as pay-out caps, variable strike prices, intricate vesting schedules, performance conditions and mobility.
This report calculates dilutive instruments according to IAS 33 (IFRS) or ASC 260 (US GAAP). It calculates the period’s as well as the year-to-date dilution. The dilution figures are then incorporated into the diluted EPS calculation. The average stock quotes for the calculations can be based on stock quotes that are imported automatically in the system or overridden by the administrator.
There are several standard reports that together constitute the disclosure requirements.
These reports are generally used to prepare figures used in the statutory notes to the financial statements, and they are made to be cut and pasted into the notes.
Some of the reports are:
All mobility is stored and can be reported on, e.g. for complex expat taxation calculations.
In addition to the standard accounting reports, there are several custom reports and reporting wizard functionality that should provide you with all relevant details you might require.
The Reporting Wizard allows you to create custom reports to meet your requirements regarding content and layout. You can export in your desired format: excel, html, csv, txt.
The Black & Scholes – Merton model with support for increasing strike or caps/brakes is integrated in Pyramid. Also valuations for modifications using the Black & Scholes – Merton model can be done in Pyramid. There is a full audit trail with regards to input and assumptions.
In addition Equatex also performs complex valuations using binomial models or customised Monte Carlo simulation models when required. Pyramid enables storing of external valuations with input and assumptions down to transaction-level.
Performance conditions are incorporated in compliance with the relevant standard. The integrated performance functionality allows for performance tracking where all historical estimates and actuals are stored. Non-market and Market conditions are supported where quantity, exercise price (if applicable) and/or vesting date can be variables.
The subplan setup in Pyramid enables full control over assumptions and accounting principles. Expected forfeiture and other assumptions or expectations, which impact the accounting, can be set on a subplan level and updated with history.
The different reports enable sorting and grouping with drill-down to a transactional level. This enable efficient reporting compliant with your internal bookkeeping procedures and alternative sorting for group controlling activities.