Solutions/Case Studies/Executive Compensation System
SynCo has also handled an executive compensation system challenge that will be of interest to companies seeking to reduce complex, time consuming tracking and updating tasks into a fully integrated, secure and easy to use program. For a recent client, SynCo developed a confidential system that manages a variety of different executive compensation package components that include cash payments, deferred monies, stocks and other types of compensation. Within these categories of benefits, the system also needed to be capable of recording and managing a rapidly changing mix of plan options, additions, subtractions, regulations, and tax rulings. Working with the company's accounting, IT and HR departments, SynCo professionals constructed an information system that offers a highly secure, easy to use platform. This system handles a variety of different deferral plans, tracks real and projected earnings, and updates stock balances, distributions and taxes for both current and separated or retired executives. In addition, the new system seamlessly interfaces with the company's general payroll program without sacrificing confidentiality.

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