Stock-based Compensation Reporting: Save time, avoid errors, and do more every quarter
August 29, 2024
Yin Wu
As a growing company, you know that efficient and accurate stock-based compensation (SBC) reporting is crucial. It's not just about checking compliance boxes - it's about providing transparency to stakeholders and making informed decisions about your equity programs. But often, the manual processes and spreadsheet gymnastics required for SBC reporting can be a major headache for your finance team.
We're thrilled to introduce Pulley's new SBC Reporting. Designed specifically for scaling businesses, this tool is here to make the way you report on stock-based compensation simpler, faster, and more accurate.
We’ve built and iterated on our Stock-based compensation reporting because our team of finance experts were unhappy with the existing solutions in the marketplace, and knew that we could build a better solution.
Save time, reduce manual work
One of the biggest benefits of Pulley's SBC reporting is the significant time savings it offers your finance and accounting teams. By automating many of the manual processes associated with SBC reporting, Pulley helps:
- Eliminate tedious data entry and reconciliation tasks
- Reduce the risk of human error in calculations
- Free up your team to focus on higher-value strategic work
Our customers report saving hours, if not days, each quarter on their SBC reporting tasks, while also generating a superior, fully-formulated output that auditors can more easily understand.
Granular cost center tracking for smarter decisions
One of the standout features of Pulley’s SBC reporting is the ability to track and allocate expenses across different cost centers. This level of granularity allows you to:
- Precisely attribute SBC expenses to specific departments or projects
- Gain deeper insights into how equity compensation impacts different areas of your business
- Make more informed decisions about resource allocation and future equity grants
By implementing Pulley's cost center tracking, you'll have a clearer picture of your company's equity landscape, enabling better strategic planning and budgeting.
Effortless compliance and disclosures
Preparing financial disclosures can be a pain, fraught with the risk of errors and inconsistencies. But not with Pulley. Our SBC reporting feature automatically generates the necessary disclosures based on your equity data, ensuring:
- Reduced risk of mistakes in your financial reporting
- Faster preparation of monthly, quarterly, and annual reports
- Confidence that your disclosures are always up-to-date and compliant
No more late nights spent double-checking spreadsheets and disclosure calculations - Pulley takes care of it all.
Designed to scale
As your company grows, so do the complexities of your equity programs. Pulley's SBC reporting is specifically designed to scale with growing companies, offering:
- Flexibility to handle various equity instruments and vesting schedules
- Ability to handle calculations for an endless number of grants
- Robust calculations for certain grants that were modified after the grant date which triggers complex, modification accounting rules
With Pulley, you can future-proof your equity management and reporting, ensuring your systems can keep pace with your company's evolution.
Make the switch to Pulley today
If you're tired of the headaches, frustration, and potential errors associated with manual SBC reporting, it's time to consider making the switch to Pulley. Our platform offers:
- A user-friendly interface that's easy for your team to adopt
- Dedicated support to ensure a smooth transition
- Continuous updates and improvements based on customer feedback and evolving accounting standards
If you’ve already valued your option grants in the past with another provider, we’ve made it easier for you to input the values in Pulley. This allows you to use Pulley as your source-of-truth, and run more accurate reports from the platform directly without having to manually populate exported reports every time.
Don't let outdated or static equity management tools hold your company back. Get superior SBC reporting with Pulley and give your finance team the tools they need to succeed.
Ready to see how Pulley can transform your SBC reporting process? Schedule a demo with us today and learn why scaling companies trust Pulley for their equity management needs.
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