DeMar Consulting Group was approached by a client who was struggling with the management of their employee stock options using Excel. They found that as their company grew, so did the complexities of handling stock options, making Excel inefficient and error-prone. The challenge was to implement a solution that could streamline the management process, provide more reliable tracking and analysis, and ultimately enable a more effective equity management system.
DeMar Consulting Group’s Approach: Implementing Carta
To address the client’s needs, DeMar Consulting Group proposed Carta, a powerful equity management platform known for simplifying complex stock option management. Carta offers a comprehensive, cloud-based solution that streamlines the tracking, issuance, and management of stock options.
We initiated the implementation with a thorough audit of the client’s current stock options data in Excel. We then migrated this data to Carta, ensuring accuracy and completeness in the transition. The DeMar Consulting Group team also set up key features in Carta to align with the client’s equity management needs. This included configuring the platform to handle new stock option issuances, tracking vesting schedules, and facilitating employee exercises.
To help the client leverage Carta effectively, we also conducted training sessions for the HR and finance teams, educating them about the platform’s functionalities and how to manage stock options efficiently using the platform.
Outcomes and Impact
The implementation of Carta dramatically transformed the client’s employee stock options management. It eliminated the previous challenges associated with Excel, such as inaccuracies due to manual data entry and difficulties in tracking and updating option data. With Carta, the client could easily issue new stock options, monitor vesting schedules, and facilitate option exercises. The client was also able to provide employees with direct access to view their stock options and exercise them, a feature that significantly enhanced employee experience.
Moreover, the HR and finance teams benefited from the comprehensive training, gaining the knowledge and skills needed to navigate and operate the Carta platform effectively. This resulted in a more efficient and reliable equity management process, saving time and reducing the risk of errors.
The client was able to improve their equity management, enhance transparency for employees, and ensure a more effective and efficient stock option process, demonstrating the value of transitioning from manual Excel-based management to a sophisticated platform like Carta.
