Two Step Software Introduces Equity Focus - The First Fully-Integrated Stock Plan Administration System.Powerful Stock Option Expensing Features Offer an Easy Way to Ensure FAS 123R Compliance NEEDHAM, Mass. -- Two Step Software, Inc., a leader in corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and stock plan administration solutions, today introduced Equity Focus, the first fully-integrated stock plan administration system with both option expensing under FAS 123R and corporate governance records management. The new FAS 123R regulations require companies to amortize the compensation expense related to their employee stock options. Despite the new stock option requirements and greater scrutiny by auditors, many stock plan administrators are still using patched together spreadsheet solutions that are woefully woe·ful also wo·ful adj. 1. Affected by or full of woe; mournful. 2. Causing or involving woe. 3. Deplorably bad or wretched: inadequate to meet today's regulatory challenges. As stock plan records grow and become more complex, the task of managing this critical information becomes increasingly difficult and risky. Equity Focus now provides an easy way to comply with the new stock option expensing requirements that require more rigorous tracking and valuation systems. Equity Focus is a powerful, browser-based stock plan administration system that helps financial executives and stock plan administrators at venture-backed and other privately-held companies make multi-million dollar decisions concerning new investors, merger partners, or any future exit strategy with the confidence that they have a complete picture of every aspect of their companies' total capitalization Total capitalization The total long-term debt and all types of equity of a company that constitutes its capital structure. total capitalization See capitalization. . In addition to calculating FAS 123R valuations and amortization, it helps them manage complex stock plans, anticipate affects of various financing options on future capital structures, track dividends and distributions, and create fully-diluted capitalization tables. "Today's financial executives must learn how to navigate through a perfect storm created by new corporate governance standards, accounting changes and executive compensation reform. Stock option expensing and backdating Predating a document or instrument prior to the date it was actually drawn. The negotiability of an instrument is not affected by the fact that it is backdated. scandals have put everyone on notice that Excel spreadsheets and other error-prone, manual and disparate systems are no longer satisfactory," said Two Step Software President and Founder, Gary D. Levine. "Equity Focus places all capitalization and governance information at a CFO's fingertips "Fingertips" is a 1963 number-one hit single recorded live by "Little" Stevie Wonder for Motown's Tamla label. Wonder's first hit single, "Fingertips" was the first live, non-studio recording to reach number-one on the Billboard Pop Singles chart in the United States. ; so when it's time It's Time was a successful political campaign run by the Australian Labor Party (ALP) under Gough Whitlam at the 1972 election in Australia. Campaigning on the perceived need for change after 23 years of conservative (Liberal Party of Australia) government, Labor put forward a for the company's auditors or a due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. team to take a look, there won't be any surprises." Stock plan administrators also benefit from the way that Equity Focus integrates stock and option records with the supporting corporate governance documents. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Rose Mary Abrams, corporate paralegal paralegal n. a non-lawyer who performs routine tasks requiring some knowledge of the law and procedures, employed by a law office or who works free-lance as an independent for various lawyers. and stock plan administrator at AmberWave Systems Corporation of Salem, New Hampshire Salem is a town in Rockingham County, New Hampshire, United States. The population was 28,112 at the 2000 census. Salem is a marketing and distributing center, with several colleges, recreation attractions and a large shopping mall, the Mall at Rockingham Park. : "At the beginning of each month, I reconcile new stock issuances, confirm option grants or exercises, update the cap tables, and report the ownership information in many different ways. In the past, the volume of data and complex nature of our ownership made calculating and reporting such information very time-consuming. But now, at any point in time, I have accurate ownership information at my fingertips that may be needed by our attorneys, board members, potential investors, stockholders, or employees." Equity Focus is the most comprehensive and fully-integrated stock plan administration and corporate governance solution available today. Unlike other products that only focus on a single aspect of stock plan administration, such as tracking numbers for a stock option plan, Two Step's Equity Focus also brings together all of the critical corporate governance information and legal documents that support stock option administration - helping companies ensure proper records management and easier compliance with new regulations. Moreover, it helps financial executives standardize best practices by keeping all of their capitalization and corporate governance records in one centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. place. Availability Equity Focus is the only fully-integrated system available today that contains support for FAS 123R valuation and links corporate governance documents to stock plan records to ensure that all information is supported by appropriate and auditable documentation. For more information about Equity Focus, call Two Step Software at: (800) 223-8900. About Two Step Software, Inc. Founded in 1995, Two Step Software, Inc. develops, markets and supports Corporate Focus and Equity Focus, market leading corporate governance and stock plan administration solutions used by financial executives, stock plan administrators, law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
Needham was first settled in 1680 and officially incorporated in 1711. Originally part of the Dedham Grant, Needham split from Dedham and was named after the village of Needham Market in Suffolk, . For more information, visit their web site at: www.twostep.com or call (800) 223-8900. Two Step Software, Corporate Focus and Equity Focus are trademarks of Two Step Software, Inc. |
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