Manually administering an employee stock purchase plan (ESPP) might work for startups or smaller companies, but as your plan grows in size and scale, so does its complexity. This increases the risk of errors, which can lead to costly compliance issues and tax implications - for both your company and your employee participants.

Leveraging technology for ESPP administration can simplify plan management and unlock a range of benefits for both you and your employee participants, including:

Streamlined administration.

Lighten your team’s workload so they can focus on what matters most, while also reducing the risk of human error and version control issues.

Enhanced financial wellness.

Enhance financial literacy and boost employee engagement by encouraging participation in company stock purchase plans – helping employees save, invest, and work toward long-term financial security.

Improved employee experience.

Give employee participants easy access to their ESPP through user-friendly software, website, or mobile app with key features allowing them to enroll, contribute, transact, and manage their plan with ease.

Better data security.

Safely store and manage sensitive employee ESPP data with robust security measures.

Confident compliance.

Maintain compliance with ESPP regulations and reporting requirements through automated, streamlined processes.

Real-time updates.

Access real-time updates and make instant changes to relevant information as needed.

Custom communication plan.

Boost employee engagement with a personalized, automated communication strategy.