A rapidly growing tech firm needed to offer a variety of equity grants to employees, vendors, investors and other stakeholders.
The finance team lacked the in-house expertise to account for stock-based compensation, and they were too busy to install an automated system.
When the company changed to a different financial year, the past year’s books had to be redone.
We developed a new system that allowed the client to manage a high volume of stock-based instruments manually for now. RoseRyan also pushed the company to transition to an automated equity system as quickly as possible.
RoseRyan kept pace with the company’s surging employee growth: We accounted for more than 900 equity grants, successfully defended the accounting method with auditors and advised on the cost to the P&L of any stock option modifications the client considered.
For the company’s new financial year, our ace combed through a year’s worth of issuances, recalculated everything and delivered up-to-date financials in just over two months.
RoseRyan piloted the client safely through tremendous growth, keeping complex equity accounting efficient and smooth, and providing valuable financial insights along the way.