Our Customers

Stock Plan: 100 participants; standard Stock Option plan plus restricted stock. We use EASi to manage and maintain convertible notes and warrants.

Before EASi: When I arrived Excel was our legacy system and I was very concerned about accuracy and our ability to address FAS 123R/ASC 718 requirements. I had used online software at my previous company and wanted to do so again so I started my research.

Why EASi: We took an in depth look at Equity Edge, Transcentive and EASi. We needed all the public company functionality and a tool that would pass muster with our auditors at the time, BDO Seidman. We felt very comfortable with the way EASi worked and so did our auditors. Cost was another deciding factor and EASi was by far, the most cost effective. EASi's broker neutrality also played in to our buying decision.

Making the Switch: Our package included a set number of hours of implementation support. I had someone working with me and EASi made the data conversion process easy, helping us format data properly and working with us to tie back to our Excel spreadsheets. The process was very straightforward and spanned a period of six weeks. We thoroughly tested the data from EASi against our prior 10Q and 10K to make sure it mirrored the data from our spreadsheets. Running the history gave me comfort with the EASi solution.

Best Benefits: All the pieces we use are valuable to us. It's great to have an active database and calculated weighted average shares outstanding and the information we need to meet SEC disclosure requirements. We appreciate the tables and reports that mirror what we have to submit in our filings. Now we use a regional auditing firm, Singer Lewak, and they are happy with the EASi solution, too. Any auditor would be happy with data that is this clean and crisp.

ROI with EASi: We save a lot of money and a lot of time. We paid a very fair price for the software and it more than paid for itself in the first three to six months in a reduction of auditor questions and time spent on daily management and oversight. Using EASi for stock plan management provides a level of comfort to a small company like ours that has limited resources for managing the process. EASi lets us use our limited resources more productively.

"I was in the technical accounting group responsible for standards compliance so FAS 123R/ASC 718 fell squarely into my world. I quickly recognized that my current software was not GAAP compliant. I spent the first six months in 2006 trying to get changes made but found my vendor's product development timeline a long way off from meeting our needs.

I started researching what else was available. I walked through our needs with another established provider and was told they could not deliver. Fortunately, an employee of that company - who left there - remembered what I was looking for and introduced me to EASi.

I walked the EASi team through my wish list which first and foremost included FAS 123R/ASC 718 compliance along with things that other multinational companies would need. EASi met many of my requirements already and was willing to develop new reports and the ability to group and filter participant data by line item. I was very impressed with the flexibility and speed of change. My ultimate goal is to have the ability to hire a temp and instruct them to push a series of buttons to get the reporting done right. EASi is well on their way to making that a possibility."

Before EASi: We relied on a combination of Equity Edge for administration and spreadsheets. Reporting required a raw data dump and massive recalculation for several million tranches which took seven or eight days.

The Need: We needed a FAS 123R/ASC 718 compliant reporting tool to handle NQSOs and RSUs for 15,000 employees around the world. Manual reporting was riddled with risk and not a scalable solution.

Why EASi: EASi was the only company that we reviewed that had a FAS 123R/ASC 718 compliant solution and was willing to adapt their software to meet our needs including bolting on to our Equity Edge administration tool. EASi was willing to address items on our wish list including batch reporting.

Best Benefits: With EASi we were able to scale from 11,000 participants to 16,000 by 2008. On average, we process 37 tranches per grant given the 12-month cliff vesting and the forfeitures have to be applied on a tranche basis. EASi handles the forfeiture calculations right. In addition, EASi doesn't allow for a termination date before a hire date. We've significantly reduced the risk of human error and our SFAS 123R reporting process no longer requires people with deep FAS expertise to be involved at the detail level.

Documented Savings: We shaved a full three days off the seven or eight it used to take to do the calculations and reporting. We also save on needing another set of eyes to verify the accuracy of the spreadsheet calculations. Our audit is beginning to take less time now that the auditors are familiar with EASi and can more quickly do their work. The common stock equivalent report which provides dilutive values of equity compensation for the earnings per share calculation is also a tremendous time saver.