Carta Equity Management

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).

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

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.

Kommentare: We started with Carta when it was Eshares. Prior to using this software we were tracking everything in an excel spreadsheet which was a complete cluster. Now we can easily pull reports for information on the shareholders. The only difficulty I have encountered is the lack of a report that my auditors will accept without manipulation from myself. Still way better than manual tracking.

Vorteile: The ease with which data can be entered

Nachteile: Reports for Audit purposes can be painful

Vorteile: Carta helps us track all of our company's stock options in one place, providing simple reports and instant changes to our cap table.

Nachteile: Changes to Stakeholders now require more steps than they did in the previous format, it is a bit more time consuming when making a lot of changes.