ESOP Online, a venture of Corporate Professionals and only platform for 360 degree ESOP needs including Legal, Taxation, Regulatory and Management support, announced the launch of new version of its signature ESOP Guardian software, a web based comprehensive system for managing ESOPs. The new version of the software.
comes up with word-class features for the advancement of ESOP management, be it is Advisory, Preparation or Implementation of ESOPs for small; mid-sized to the large sized companies.
Advancement of new features have taken place across three new models of the Guardian software namely Guardianship Model (which is generally installed in the client’s server, so that they can manage it on their own); Outsourcing Model (operated by us); and the Cloud Model (Provide Server to the client, and rest everything is managed by them)
USPs of the New Version of ESOP Guardian are as follow:
1. Regulatory Compliant: – Application is developed in full compliance with the applicable laws such as Companies Act, 2013 (to the extent applicable), SEBI Guidelines, Listing Agreement and other allied laws. System manages schemes working under both trust and unTrust
2. Separate Interface: – Company, Employee, Accounts and ESOP Trust (if any) each have their separate interface for managing their task and responsibility
3. Assistance in Statutory Requirements: The software itself generates complete set of documents and forms that are required to filed or submitted in order to fulfill statutory obligations with regard to ESOPs.
3. Multiple ESOP/Employees: – Manage Numerous ESOP schemes and ‘N’ of Employees in the company, its holding and subsidiary spread across multiple location through single system
4. Complete Process Cycle: -Complete process of Grant / Vesting /Exercise of option and allotment or transfer of shares is managed through the system
5. Multiple MIS Report: – Get – up to date information on schemes, Employees, options granted / vested /exercised, and payments on click of button. Download reports in excel or Pdf. View reports using multiple search options.
6. Auto Alert and Reminders:- Auto alerts & reminders to Admin /Accounts / Employees on various events like grant and vesting of options, time period for exercising options, allotment or transfer or transfer of shares, approving payment etc.
7. Centric Database: The software in itself is a complete database for entire employee/ admin communications and comes with all set of documents auto-generated.
Besides the above mentioned features, ESOP Guardian also facilitates Calculation and Document Automation and its various other authenticated features builds credibility to the relationship of employer and employees. Further to its benefits, its flexible & customizable nature with certain valuable aspects like anywhere and Everywhere Access and complete Data
Security makes it prized amongst others in the market.
Speaking on the launch of the new version Ms. Mohini Varshneya AVP & Head– ESOP Services @ Corporate Professionals said “The modern business world is technology driven. Presence of technology has not only restricted itself to the IT sector but is now present in all industries & sectors across the globe. Moreover the human capital has its presence at domestic as a well global level so it becomes important to keep a track, acknowledge their potential and yield desired benefits for them to enhance scalability, which is in itself is a herculean task.
“However, with the launch of the new version of ESOP Guardian, we aim at simplifying complex tasks for our clients. The software will help manage the complete lifecycle of ESOP in any organization post its implementation keeping in view the regulatory framework under ESOP function” She further added