Two Step Software, Inc. on Tuesday announced the first browser-based import/export utility enabling the creation of fully diluted capitalization tables directly from Microsoft Excel spreadsheets.
âTracking stock and option information is only half the battle for stock plan administrators. The real challenge has always been creating summary capitalization information from hundreds of ownership records and many different classes of stock and convertible securities,â says Gary D. Levine, President and Founder of Two Step Software. âWith the new technology behind the browser-based release of Corporate Focus, users can now instantly convert spreadsheets to capitalization tables without re-typing the information or reformatting stock and option ledger spreadsheets. It saves hours of time, guarantees accuracy, and provides information that can be looked at in different ways.â
Compared to manually inputting a large amount of data into a database system then creating diluted capitalization tables, stock plan administrators, as well as financial and legal professionals will save hours of time and avoid potential mistakes. Corporate Focus already tracks stock, options and restricted stock; automatically cancels option; automates stock and option splits; tracks restricted stock repurchases; and creates many ownership related reports. The new import/export utility allows users to import existing ownership data and create new Excel spreadsheets based on updated information with greater ease.
âI love the fact that I can enter a new stock record, print out a stock certificate and merge a cover letter to send out with the certificate,â comments Judy Brandon or Perkins Coie LLP about the benefits of consolidating her firm's entity and ownership information in Corporate Focus. â[Before} I would have had to use an Excel spreadsheet, then format and print out the stock certificate in Word, and then draft a cover letter in Word. Now, I can do it all in less than 15 minutes.â