Solutions/Case Studies/Stock Option Exercising Tracking
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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