CEFS Enhances Equity Comp Plan Service Platform

A news release said that services could be for employee stock options, restricted awards/units, stock appreciation rights, employee stock purchase plans, and other related offerings.

According to the release, the new software application enhances CEFS’ ability to offer execution-only and partial administration service models. Designed specifically for companies using Transcentive’s Express Options and Express Stock Purchase equity compensation plan administration software, it fully automates what until now have been largely manual information management processes.

In addition to automating data transfer, the software offers clients a range of time and cost efficiencies and capabilities, including data filtering.

“CEFS clients get the best of both worlds,” said Michael Barry, head of CEFS Corporate Sales and Services, in the release. “They can rely on Transcentive’s proven software to administer their equity compensation plan in-house and, by working closely with UBS, are able to deliver a superior participant experience to their employees.”