A major Midwestern financial institution was faced with finding
the best way to track and manage stock options held by company executives-even
in the midst of today's active and volatile markets. SynCo created
an application that provides comprehensive management for information
about securities across the entire organization. Today, customized
versions of this application, called SESO, are being used by major
corporations throughout the U.S. SESO is a fully automated system
that tracks balances and dollar values from grant date to exercise
date or expiration of the options. Reports are filed electronically.
Tax liabilities are calculated by the system and all values are
imported into payroll for IRS reporting. Special features of the
new system resulted in reduced headcount, fewer manual operations,
and new means of calculating and verifying information.
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