PLEASANTON, Calif., June 21 /PRNewswire/ -- Equity Administration Solutions, Inc. (EASi), the leading independent stock plan software company announced that it has added Peer Group Volatility functionality along with new reports and the ability to round by tax item to its flagship software.
In line with FASB guidelines, EASi now enables customers to build and maintain a peer group stock price profile of up to 12 companies. This can be used to calculate price volatility and determine a fair value for awards using the Black-Scholes method. "Private and public companies alike find great convenience in this time saving new functionality," explained Michael Guerra, EASi's Senior Vice President of Business Development. "With EASi, they establish a peer group profile which can be used to perform automatic calculations of weighted volatility required to determine fair value."
EASi also added the capability to round tax items to a desired precision thus automatically enforcing whole-dollar tax amounts on a transaction. "Our robust tax functionality is one of the strengths that distinguish EASi from other solutions," said Mark Ebersole, EASi's Chief Technology Officer.
EASi now makes it possible to set a date earlier than the system entry date to properly account for historical grants and awards entered into the system. In addition, EASi enhanced its reporting functionality to help reconcile stock plans by providing reports for deleted records that have plan-share impacts. "With each new release we bring greater data visibility, flexibility and control to help our customers simplify the complexities of stock plan management," added Ebersole.
Equity Administration Solutions, Inc. (www.easiadmin.com) set the standard in stock plan management software with its comprehensive industrial strength platform that handles all the accounting, tax and administration needs of companies that grant equity awards. Headquartered in Pleasanton, CA, EASi continues to lead the industry with second-to-none solutions in areas including FAS123R, IFRS 2, Performance Awards and WorkStream process automation. The company serves more than 500 customers with nearly one million participants in more than 60 countries spanning four continents.
Contact: Amy Damianakes
SOURCE Equity Administration Solutions, Inc.