While you may not have thought that you needed it during the startup phase of your business, your company has now grown bigger and you need to be able to keep track of all of the complicated data that can accrue when a company has become larger. There are many benefits of using software for cap table management.
Time To Sell?
Many companies will reach the level where they want to sell to another company. However, to do this both legally and properly when you have investors, you need to have all of your cap table data absolutely up to date so that you know what employee or investor gets what in terms of leveraged payout. This allows the purchasing company to make a more realistic offer.
Everything In One Place
When it comes to being able to review data, you most definitely want everything to be in one place versus having to look at multiple spreadsheets to find what you are looking for. Potential investors, interested buyers, as well as your own legal department, will require easy access to information and this software will be exactly what you need to provide.
Transparency
These days, more and more employees are demanding complete transparency of what the company’s financials hold, at least with those at the executive level. To ensure that you are attracting the highest level of employee that you can, it is crucial that you use software for cap table management.
If you are interested in this, please contact EquityTrack at https://www.equitytrack.co/.
