{"id":7380,"date":"2020-07-16T21:59:01","date_gmt":"2020-07-16T21:59:01","guid":{"rendered":"http:\/\/www-staging.carta.com\/sg\/?p=7380"},"modified":"2021-03-05T06:54:48","modified_gmt":"2021-03-05T06:54:48","slug":"carta-improvements-q2-2020","status":"publish","type":"post","link":"https:\/\/www-staging.carta.com\/sg\/blog\/carta-improvements-q2-2020\/","title":{"rendered":"How we improved Carta for corporations in Q2 2020"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-7381\" src=\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/07\/Group-546.png\" alt=\"\" width=\"1200\" height=\"602\" srcset=\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/07\/Group-546.png 1200w, https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/07\/Group-546-1024x514.png 1024w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><\/p>\n<p><span style=\"font-weight: 400\">At Carta, we&#8217;re constantly updating and enhancing our products to improve our customers\u2019 experience. We know there are many moving parts to managing equity, especially as you scale, so we want to ensure an easy and powerful experience for everyone using our platform.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In Q2 2020, our R&amp;D team focused on improving the equity admin and legal user experience, as well as enhancing our reporting capabilities. These changes will allow you to focus more on what you do best\u2014scaling your business.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Equity reporting<\/span><\/h2>\n<p><span style=\"font-weight: 400\">We\u2019ve upgraded our equity reporting interface, making it easier for admins and legal users to build and pull equity reports.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Customize your reports<\/b><span style=\"font-weight: 400\">: Create personalized ledger reports with custom columns and filters. You\u2019ll be able to customize other reports soon.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Organize your reports<\/b><span style=\"font-weight: 400\">: Organize custom reports in folders and use the search functionality for easy report access. All reports are sorted by the date they were last run, so your most important reports are right at your fingertips.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Get the data you need, when you need it:<\/b><span style=\"font-weight: 400\"> You can now preview ledger reports in-app and export them in half the time.<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-7397 size-full\" src=\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/07\/Group-119-1.png\" alt=\"\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/07\/Group-119-1.png 1200w, https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/07\/Group-119-1-1024x576.png 1024w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><\/p>\n<h2><span style=\"font-weight: 400\">Improved transfer and repurchase workflows<\/span><\/h2>\n<p><span style=\"font-weight: 400\">We\u2019ve given the certificate transfer and repurchase workflows a new look and feel, in addition to improving the user experience.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Automated logic: <\/b><span style=\"font-weight: 400\">Full vs. partial transfers are now inferred based on quantity transferred.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>A better user experience: <\/b><span style=\"font-weight: 400\">You can now view details of the certificate you\u2019re transferring shares from in the workflow.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Streamlined workflows: <\/b><span style=\"font-weight: 400\">\u201cCopy from original\u201d button will copy information from the original certificate to save you time.\u00a0<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-7399 size-full\" src=\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/07\/Group-121-1.png\" alt=\"\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/07\/Group-121-1.png 1200w, https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/07\/Group-121-1-1024x576.png 1024w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><\/p>\n<h2><span style=\"font-weight: 400\">Drafts v2<\/span><\/h2>\n<p><span style=\"font-weight: 400\">In <\/span><a href=\"http:\/\/www-staging.carta.com\/blog\/private-market-update-q1-2020\/\"><span style=\"font-weight: 400\">Q1<\/span><\/a><span style=\"font-weight: 400\">, we rebuilt how we draft and issue new securities. We\u2019re continuing to roll out this new drafting experience throughout Q3 2020. Users will continue to have both the new and old drafting experiences for the foreseeable future. Ultimately, Drafts V2 will be the default and primary flow to issue all securities on Carta.<\/span><\/p>\n<ul>\n<li><b>In-app bulk actions for large data sets: <span style=\"font-weight: 400\">This new and improved drafting and issuance workflow includes an in-app spreadsheet.\u00a0<\/span><\/b><\/li>\n<li><b>Built-in data validation:<\/b><span style=\"font-weight: 400\"> We\u2019ve built advanced validations into the product to improve data accuracy and completeness of your entire cap table.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-7400 size-full\" src=\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/07\/Group-122.png\" alt=\"\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/07\/Group-122.png 1200w, https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/07\/Group-122-1024x576.png 1024w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><\/p>\n<h2><span style=\"font-weight: 400\">More coming soon<\/span><\/h2>\n<p><span style=\"font-weight: 400\">In Q3, we will continue to focus on the equity admin experience as part of our mission to build products that help our customers better manage their equity. Here\u2019s a sneak peek of what\u2019s coming:<\/span><\/p>\n<h3><span style=\"font-weight: 400\">Stock-based compensation expense reporting<\/span><\/h3>\n<p><span style=\"font-weight: 400\">In Q2, we\u2019ve been making major enhancements to our SBC expense reporting product, focusing on user experience and report performance. Starting Q3, we will roll out our new experience to customers throughout the rest of 2020.<\/span><\/p>\n<ul>\n<li><b>Run and save automated ASC-718 reports:<span style=\"font-weight: 400\"> Remove human error from your calculations with our automated reports. Upon audit completion, lock your reports for accurate historical reporting.<\/span><\/b><\/li>\n<li><strong>Scale your compliance as your company grows:<\/strong><span style=\"font-weight: 400\"> Capture every grant and calculate all expenses as your cap table grows. You can also run different scenarios with separate custom assumptions.\u00a0<\/span><\/li>\n<li><strong>Stay compliant:<\/strong><span style=\"font-weight: 400\"> Save time and money by running your equity awards expense reports and disclosures reports with our automated tool. We\u2019ve also built an audit guide to help you and your accounting firm better understand our calculations and methodologies.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400\">Exercises and taxes<\/span><\/h3>\n<p><span style=\"font-weight: 400\">We\u2019re improving our tax prediction engine. While the company is still responsible for calculating taxes, we\u2019re giving equity admins more control over tax burden estimations and shareholder communication.<\/span><\/p>\n<ul>\n<li><b>Increase visibility of tax jurisdiction: <\/b><span style=\"font-weight: 400\">Different jurisdictions have different tax rules. Our platform will now surface the default tax rules we use for different US jurisdictions. Review to ensure the default meets your needs.<\/span><\/li>\n<li><b>Import stakeholder data for better predictions: <span style=\"font-weight: 400\">Equity admins can now upload stakeholder addresses and payroll data to enhance our tax prediction engine. Presetting stakeholder data will reduce the need to adjust taxes post-exercise requests, and makes it easier to compare the default against each particular shareholder\u2019s city and state of residence.<\/span><\/b><\/li>\n<li><strong>Adjust tax withholdings:<\/strong> <span style=\"font-weight: 400\">Equity admins have the flexibility to manually adjust withholdings based upon their internal procedures.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400\">To see additional product changes and what we\u2019ve been working on, check out our changelog <\/span><a href=\"https:\/\/changelog.carta.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">here<\/span><\/a><span style=\"font-weight: 400\">. Please feel free to reach out to your dedicated customer success manager &#8211; we love hearing your feedback and questions.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h6><span style=\"font-weight: 400\">DISCLOSURE: This communication is being sent on behalf of eShares, Inc. dba Carta, Inc. (\u201cCarta\u201d). <\/span><span style=\"font-weight: 400\">This communication contains general information only and eShares, Inc. dba Carta, Inc. (\u201cCarta\u201d) is not, by means of this communication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services.\u00a0 This communication is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your business or interests.\u00a0 Before making any decision or taking any action that may affect your business or interests, you should consult a qualified professional advisor.\u00a0 T<\/span><span style=\"font-weight: 400\">his communication is not intended as a recommendation, offer or solicitation for the purchase or sale of any security. Carta does not assume any liability for reliance on the information provided herein.<\/span><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>In Q2 2020, our R&amp;D team focused on improving the equity admin and legal user experience, as well as enhancing our reporting capabilities. These changes will allow you to focus more on what you do best\u2014scaling your business.<\/p>\n","protected":false},"author":96,"featured_media":7381,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[14,24],"tags":[376,107,140,191,377,378,379],"acf":[],"_links":{"self":[{"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/posts\/7380"}],"collection":[{"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/users\/96"}],"replies":[{"embeddable":true,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/comments?post=7380"}],"version-history":[{"count":0,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/posts\/7380\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/media\/7381"}],"wp:attachment":[{"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/media?parent=7380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/categories?post=7380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/tags?post=7380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}