A EX LISTED General Counsel writes...
Apart from using Excel, are there any recommendations for a software solution for managing the administration of a small and non-complex employee share option scheme for a private limited company? Looking for something simple covering grants, lapses, exercises, HMRC reporting etc.
We just had our first share award process completed using Investec’s new platform and are very pleased with it. David can connect us if you want further info….
I have used Sharetrack from Cytec for the last 5 years and it’s worked well for our simple incentive schemes, along with dealing with some more complex matters. The system is easy to use and support is very responsive. Also not that expensive.
I recommend you look at Sharetrack by Cytech Solutions http://www.cytecsolutions.com. They are a small friendly team, worth a conversation.
I can recommend Howells, who are flexible and easy to work with
If you want to manage this in house then look at Howells associates as they do co-sourcing solutions. http://www.howells-associates.com/.
If you wish to outsource the whole administration in a cost effective manner then I would recommend https://www.conduent.co.uk/solution/hr-services-shareplan-administration/
(formerly Xerox) they have their own Trustee which work with the Bristol based admin team.
The RM2 partnership also do administration for Private Companies ( I haven’t used their systems) – http://www.rm2.co.uk/
I have to say that I’m in a similar position, and Excel works fine for me. Therefore will be interested to see the responses, as I’ve not explored the alternatives