Carta Equity Management

"Super easy to keep track of my stock options"

Kommentare: Overall it is simple and easy to use and makes it easy for a company with a large number of employees to keep track of which people have which vested stock options.

Vorteile: Love how Carta automatically updates me as to when I have more vested options and shows a progress bar as to how far I still have to go for all of my stock options to vest.

Nachteile: No complaints but I probably haven't used this software at a deep enough level to truly find anything difficult or something to dislike about this software.

"Huge timesaver, great value and has improved continuously over time"

Vorteile: It solved a hugely expensive problem very easily (I used to have to manage our cap table in excel, print out paperwork and issue my own stock certificates. However, every time I look at software options, I was stuck going back to the same system. Using lawyers is truly insane cost-wise, so we manged it in-house. I talked to users of all competitive products and every single one noted errors in those products that led to board-level action and highly expensive fixes. This is NOT something you want to mess around with. Carta, however, was FAR superior to all other options in ease-of-use, accuracy of data, security, rapidity of product development, and ability to scale along with our company. They could make any adjustments needed without the needs for costly external counsel or board interaction.

Nachteile: When we first started using it (nearly 5 years ago), we found a few bugs in accounting reporting on edge cases (we had a couple outlier cases unusual for a company of our size at the time ). The Carta team quickly made adjustments to their software to resolve the problems however (and have continued to respond quickly to feedback).

"Once top shop for cap table management"

Vorteile: Very easy to use
Option grants to employees are all done through the software
There are reports for all our needs, from stock based comp calculations, min disclosure for financial statement audits, etc...
Customer support is top notch. Chat feature allows you to live chat support team with minimal wait time.

Nachteile: Reports take a very long time to populate and the files can be extremely large. Some report files are over 20 MB's

"Onboarding Nightmare"

Kommentare: Our company has been managing equity via Excel spreadsheets and have grown to the point that we need something better. Once we have Carta up, we are hoping to spend far less time updating spreadsheets. Should just be enter the information once and all the reports update.

Vorteile: Software is very pretty. Our rep is available consistently for phone calls to discuss onboarding.

Nachteile: If you have any non-standard options, Carta is probably not for you. We have been onboarding for months now, and our account rep has done almost nothing. We gave him the information we had, but he doesn't seem to grasp the spreadsheets so we've basically had to do the uploading ourselves. Now that we are almost ready for go-live, I still can't find information in the system that I am looking for. Additionally, the software doesn't make up agreements (for example, if you loaded up a template). You just upload your agreements into the system after they are made on another platform. So basically it's a hosted skin for shares reporting? Not sure, and not happy.

"Great App for Managing Private Equity"

Kommentare: Overall, it's been awesome using Carta. It's a great tool to manage private equity. I'd highly recommend this.

Vorteile: - Keeps track of multiple companies in a singular account
- Great data visualization tools for exercised vs. vested, etc.
- Repository for pertinent documentation

Nachteile: - Mobile application is lacking some features that the web app has (i.e. documentation repo).
- Sometime difficult to understand the workflow required to accomplish a task. There are multiple ways to do the same thing, which can leave the user feeling a bit lost at times.