Shareworks

Frequently Asked Questions about Shareworks

Who are Shareworks?

Shareworks is a leading equity management platform that provides solutions for companies to manage their equity compensation and share ownership. The platform aims to streamline the administration of equity plans, enhance employee engagement, and offer insights into equity compensation strategies.

What are Shareworks products?

Shareworks offers a range of products including equity plan management, employee stock purchase plans (ESPP), and compliance solutions. These products are designed to help companies manage their equity compensation, track employee ownership, and ensure regulatory compliance.

What services do Shareworks offer?

Shareworks provides services that include consulting on equity compensation strategies, employee education and communication regarding equity plans, and compliance support to ensure adherence to financial regulations. Additionally, Shareworks offers ongoing support and training for users of their platform.

What type of companies do Shareworks products suit?

Shareworks products are suitable for a wide range of companies including startups, mid-sized businesses, and large enterprises across various industries. Their solutions are particularly beneficial for companies that offer equity compensation as part of their employee benefits package.

How much does Shareworks product cost?

The cost of Shareworks products varies based on the size of the company, the complexity of the equity plans, and the specific services required. Interested parties are encouraged to contact Shareworks directly for detailed pricing information tailored to their needs.

Does Shareworks offer a free trial?

Shareworks does not typically offer a free trial for their platform. However, potential customers may inquire about demo sessions or consultations to evaluate the products fit for their organisation.

What discounts does Shareworks offer on their products?

Shareworks does not publicly list specific discounts on their products. Companies interested in potential pricing flexibility or discounts should reach out to Shareworks directly to discuss their options.

Are there any hidden fees or additional costs with Shareworks?

Shareworks aims for transparency in its pricing model. However, additional costs may arise depending on the specific services required, such as custom integrations or expanded support. It is advisable to review the contract details carefully and discuss any concerns directly with Shareworks.

Who uses Shareworks products?

Shareworks products are used by HR professionals, finance teams, and executives in companies that provide equity compensation to their employees. Additionally, companies looking to optimise their equity management processes also utilise Shareworks.

What are the main features of Shareworks products/services?

Main features of Shareworks include comprehensive equity plan administration, real-time reporting and analytics, employee self-service portals, and tools for compliance with regulatory requirements. The platform also supports various equity compensation types, including stock options and restricted stock units.

How does Shareworks compare to its competitors?

Shareworks is often compared to other equity management platforms such as Carta and EquityZen. Key differentiators may include the depth of features, user experience, customer support, and integration capabilities, which can vary based on individual company needs.

Is Shareworks platform easy to use?

Shareworks is designed with user experience in mind, featuring an intuitive interface that allows users to navigate the platform efficiently. However, the ease of use may depend on the specific functionalities utilised and the users familiarity with equity management processes.

How easy is it to set up Shareworks product or service?

Setting up Shareworks can vary in complexity based on the companys size and specific equity plans. Typically, implementation involves configuration of the platform and training for users, which Shareworks provides assistance with to ensure a smooth setup process.

Is Shareworks reliable?

Shareworks is regarded as a reliable platform, utilised by numerous companies for equity management. The platform has a track record of maintaining data integrity and uptime, which are critical for managing sensitive equity information.

Does Shareworks offer customer support?

Yes, Shareworks offers customer support through various channels, including email and phone. Additionally, they provide resources such as FAQs, user guides, and training sessions to assist users in navigating the platform.

How secure is Shareworks’ platform?

Shareworks employs industry-standard security protocols to protect user data, including encryption and regular security audits. They are committed to maintaining high security standards to safeguard sensitive equity information.

Does Shareworks integrate with other tools or platforms?

Yes, Shareworks offers integration with various HR and payroll systems, as well as other financial software. This allows for seamless data transfer and improved efficiency in managing equity compensation.

Can I use Shareworks on mobile devices?

Shareworks has a mobile-responsive design, allowing users to access the platform from mobile devices. However, the availability of features may vary depending on the device and the specific functionalities used.

What do users say about Shareworks?

User feedback on Shareworks generally highlights its comprehensive features and ease of use. Many users appreciate the support provided by Shareworks, although some may note the complexity of setup for larger organisations.

What are the pros and cons of Shareworks?

Pros of Shareworks include its robust feature set, strong customer support, and reliability. Cons may include the potential for a steep learning curve during initial setup and the need for ongoing training for new users.

How can I purchase Shareworks’ services?

Interested customers can purchase Shareworks’ services by contacting their sales team through the website, where they can schedule a demo or consultation to discuss specific needs and pricing.

What is the cancellation or refund policy for Shareworks?

Shareworks’ cancellation or refund policy may vary based on the specific agreement made at the time of purchase. It is advisable to review contractual terms or discuss with a Shareworks representative for clear guidance.

Who uses Shareworks?

Shareworks is used by various stakeholders in companies that offer equity compensation, including HR departments, finance teams, and senior management. It is suitable for organisations of different sizes that need to manage equity plans effectively.

What are the common use cases for Shareworks?

Common use cases for Shareworks include the management of employee stock options, implementation of employee stock purchase plans, and ensuring compliance with reporting requirements for equity compensation.

Why choose Shareworks over other options?

Choosing Shareworks may be beneficial for companies seeking a comprehensive, user-friendly equity management solution with robust support and a track record of reliability in the industry.

How easy is it to set up Shareworks?

Setting up Shareworks typically involves configuring the platform to fit the company’s equity plans, which can be complex for larger organisations. Shareworks provides support and resources to assist with the setup process.

Does Shareworks offer training or tutorials?

Yes, Shareworks offers training resources and tutorials to help users understand and navigate the platform effectively. These resources aim to enhance user proficiency in managing equity compensation.

What languages does Shareworks support?

Shareworks primarily operates in English, but it may offer support in other languages depending on the region and specific user needs. It is advisable to check directly with Shareworks for language availability.

What problems does Shareworks solve?

Shareworks addresses challenges related to equity compensation management, such as administration complexity, compliance with regulations, and employee engagement with equity plans. The platform streamlines processes and provides necessary insights for decision-makers.

Is Shareworks worth the investment?

Whether Shareworks is worth the investment depends on the specific needs of the company regarding equity management. For organisations that require efficient management of equity compensation, Shareworks is generally considered a valuable tool due to its comprehensive features and support.