If you run a business, there is a huge need to be able to easily track the ownership and stakeholder percentages. To try and do this manually is basically a recipe for disaster. This is why cap table software is definitely needed. There are many benefits to doing so.
Streamlined
When you use this type of software, it definitely streamlines your entire workflow. You will be able to monitor everything from stocks to convertible notes to options and beyond. This makes it a crucial tool when applying for grants and loans.
Ease Of Acquisitions & Mergers
If you’re company is on the verge of being acquired by another, or if it is facing a merger with a different company, you will need to provide substantial financial information before the deal can be finalized. When you use software designed to manage your cap tables, it makes it easy to simply pull up all of the required financial data with the touch of a button.
Simulated Modelings
By using cap table software to simulate financial modeling, such inquisitions as waterfall analysis or round models are made easy. This can enable you to make future business projections on a whim and engage in a multitude of various financial scenarios with little effort put into the process.
Audit Protection
Cap software is especially useful if your company is facing an audit. You can easily provide all requested information to the auditors.
If you are interested in using this type of software, please contact EquityTrack at https://www.equitytrack.co/.
