Case Study: Kymeta achieves equity plan audit time reduction with OptionTrax

Kymeta’s equity plan audit time drops from 2 weeks to 2 days with OptionTrax

Kymeta Corporation, a fast-growing company developing innovative satellite technology, was struggling to manage its complex equity compensation plan and cap table using error-prone Excel spreadsheets. The manual process was unwieldy and time-consuming, making it difficult to respond to investor and auditor requests. To solve this, Kymeta turned to OptionTrax for an automated solution to track their equity plan and improve financial reporting accuracy.

By implementing the OptionTrax software and leveraging its veteran support team, Kymeta automated key processes like vesting date calculations, award expirations, and stock compensation expense reporting. This solution had a dramatic measurable impact, reducing the time their auditors spent reviewing equity data from two weeks down to just two days. OptionTrax provided Kymeta with real-time reporting, increased accuracy, and the flexibility to quickly answer stakeholder questions, saving significant time and reducing risk.

Kymeta Corporation

Jeanne Strand

Plan Administrator