A FTSE SMALL CAP Group Counsel & Company Secretary writes...
We are considering third party providers of software and systems for share scheme administration for two relatively small share option plans for senior management.
We have been recommended the SchemeTrack system from Howells. We want to use the software for the system for the administration of our plans, and we also want participants to have access via the internet to information about their own options, and to make requests to exercise etc.
Is the Howells system satisfactory for these purposes, or does anyone recommend an alternative?
(The background is that we’ve outgrown doing it ourselves using spreadsheets, and we also like the time-saving element of self-service for participants rather than the Co Sec function providing information and answering simple questions)