What problems is ShareForce solving and how is that benefiting you?
This really has been a one-stop shop so let's go chronologically:
1. The migration and necessary data cleansing that the onboarding team provided was very thorough and made sure the launch was going to put us on strong footing.
2. Once this was completed, we were immediately able to avail of the IFRS2 reporting functionality as we were in the midst of our annual reporting cycle. An added bonus is the 'audit-ready' reports the system generates.
3. New plans - we now have a combination of nine financial years' of various CSOPs, LTIPs and now restricted shares. Instead of housing these differing plans across several spreadsheets everything was built in one common data environment and given it was our first time working with restricted shares, we were also able to leverage the onboarding team's industry experience.
4. User experience is crucial. My company underwent a very strong rebranding exercise and the way the team developed our bespoke branded site really helps tie our brand into our employee reward and ultimately employee ownership of the business. It's much more than a nice touch! Plan participants really benefit from seeing all of their awards in one place and the value attributed to them. Previously this would have entailed cross-referencing several documents, attempting to track perfomance conditions and then the company's share price.
5. Lastly - day to day admin of exercises, joiners, leavers and document management. The automation and coding of templates saves hours if not days of documentation. Review collected by and hosted on G2.com.