Case Study: Leading Public Company (Anonymous Public Company) achieves rapid SEC disclosures and reduced audit time with insightsoftware's Certent Equity Management

Leading Public Company - Customer Case Study

Leading Public Company was relying on error-prone Excel spreadsheets to manage stock options and restricted stock for 100 participants, and the new controller was concerned the process would not meet ASC 718 requirements. Seeking a robust online solution, they selected insightsoftware’s Certent Equity Management to replace the spreadsheets and provide broker-neutral, auditor-ready equity administration.

insightsoftware implemented Certent Equity Management with a six-week data conversion and validation against the company’s prior 10-Q and 10-K; the system provides an active database, weighted-average shares calculations, and filing-ready tables. The change cut preparation of a 47-line SEC disclosure from days to a web-rendered 45 seconds, reduced auditor questions and daily oversight time, and delivered a measurable ROI within three to six months, leaving auditors satisfied and the company’s limited resources more productive.