It’s 2023. Are you still using Excel spreadsheets to manage your cap table or employee equity?
Don’t worry; you’re not alone. But as modern business ownership becomes more complex, owners are turning to more intelligent cloud solutions built with modern technologies like immutable audit trails and AI to ensure accuracy and accountability for their approach to equity management.
We recently surveyed 151 private business owners to discover their approach to equity management. We learned a lot from our survey, including:
- 86% of business leaders surveyed still use spreadsheets as some part of their equity management approach
- The most significant reason for selecting a new solution was vendor support and expertise
- 95% of respondents stated that, when it comes to deciding on an equity management solution, their legal team plays a significant role or outright dictates that decision
To learn more about how your peers responded to our survey, download the State of Equity Management and Excel Report.
You’ll gain insights into how private business owners approach equity management tools and why they are overwhelmingly moving to cloud solutions like Astrella.