E*Trade Financial has launched Equity Edge Online, a new web-based, integrated, end-to-end equity compensation management platform.
Reportedly, Equity Edge Online provides flexible, accurate and auditable financial reporting, enabling companies to save time and increase efficiencies in their employee stock plan solutions. The new online platform supports equity vehicles including stock options, restricted stock awards and units, appreciation rights and employee stock purchase programs. It is a fully-integrated, end-to-end solution benefiting corporate administrators as well as employees.
According to the company, the key features of Equity Edge Online include: comprehensive accounting with period close capabilities; easy scenario modeling; advanced reporting; and efficiency while saving money.
James Wulforst, president of E*Trade, said: “Equity as a means of employee compensation is gaining popularity as companies seek to attract and retain top talent. However, issuing stock grants presents challenges, including how to administer and report this benefit in an evolving accounting and regulatory environment.”
