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OptionEase Releases New ESPP Solution

GRC Announcements | December 15, 2010

OptionEase, a provider of on-demand software-as-a-service (SaaS) applications for fair-market-value accounting and compliance, has released a new end-to-end solution covering administration, valuation and compliance for employee stock purchase programs (ESPP).  The OptionEase ESPP solution is the first application to address all of the compliance issues related to FAS 123(R) and IRC 6039.

Historically, companies have been challenged to accurately value and track required information pertaining to qualified section 423 plans. The OptionEase ESPP module not only handles complex administrative issues such as online participant enrollment, withholding changes and automatic resets, but also the accounting required for variable share plans, modifications and true-ups for complete FAS 123(R) compliance.

IRC Section 6039, which comes into play in January 2011, requires every plan administrator to report all transfers to the IRS via paper Form 3922 or electronic media, as...

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