UBS Wealth Management Americas Introduces Enhanced Forecasting Capabilities for Equity Plan Clients
September 28 2015 - 9:00AM
Business Wire
As part of its ongoing commitment to service excellence for both
plan sponsors and participants, UBS Wealth Management Americas, a
subsidiary of UBS Group AG, has developed a new feature for its
Equity Plan Advisory Services (EPAS) offering: the Modeling and
Forecasting module in Financials Online, UBS's web-based financial
reporting and analysis tool for plan sponsors, which supports
corporate clients’ compliance with accounting rules for share-based
compensation under FASB ASC 718.
This enhancement follows several recent innovative releases,
including the UBS One Source Mirror, a proprietary co-browsing
solution that allows both the plan sponsor and the UBS service team
to assist participants with their questions about the UBS One
Source platform by viewing, in real time, what they see on their
computer screens or mobile devices.
The new modeling and forecasting capabilities in Financials
Online offer an additional enhancement to UBS's robust financial
reporting platform, which not only aids corporate plan sponsors
with ASC 718 compliance, but also allows them to forecast future
periods, including expense and earnings per share values. UBS
Wealth Management Americas has hosted several well-attended plan
sponsor training sessions as part of the product release.
Streamlining the forecasting process to improve client
experience
When issuing equity compensation to employees, plan sponsors
need to project the associated impact and expenses—whether it's a
grant that's been approved but not yet issued or a new award type
that's being considered under ASC 718. The new Financials Online
Modeling and Forecasting module allows clients to do so with
unprecedented ease. UBS's tool lets users model test grants
directly in the production environment while maintaining rigid data
integrity controls, whereas several external solutions offer a
separate test environment (or "sandbox") that is limited to a copy
of their production data. This streamlines the forecasting process
by cutting out a cumbersome and time-consuming step. And because
the module uses real-time data instead of stale data, it helps
ensure that projections reflect the most up-to-date information. In
addition, this tool is flexible and scalable, allowing clients to
experiment with a variety of scenarios when projecting the impact
of new grants.
"The new Financials Online Modeling and Forecasting module
reflects the level of innovation that can be achieved when there is
strong collaboration between UBS and our clients to address a key
need," said Thierry Vo, Director of Strategy for EPAS. "This new
capability allows plan sponsors to forecast, in real time, the
financial impact relating to the cost of issuing different types
and amounts of equity to their employees, as different granting
scenarios are contemplated by Compensation Committees, Human
Resources and Finance. Feedback from our clients has been
overwhelmingly positive."
A leader in the business
UBS Equity Plan Advisory Services, part of UBS Financial
Services Inc., is dedicated to helping companies and their
employees maximize the value of equity awards. As part of our
commitment, we provide education and access to advice to
participants in the U.S. and many countries around the world—from
broad-based employees to executives—that are rooted in our broad
experience and insights as a leading wealth management firm.
Serving more than one million participants in over 150 countries at
170 companies, we offer customized plan administration and
transaction solutions based on specific issuer needs through both
full and partial administration services.
Notes to Editors
About UBS Group AG
UBS is committed to providing private, institutional and
corporate clients worldwide, as well as retail clients in
Switzerland, with superior financial advice and solutions while
generating attractive and sustainable returns for shareholders. Its
strategy centers on its Wealth Management and Wealth Management
Americas businesses and its leading universal bank in Switzerland,
complemented by its Global Asset Management business and its
Investment Bank. These businesses share three key characteristics:
they benefit from a strong competitive position in their targeted
markets, are capital-efficient, and offer a superior structural
growth and profitability outlook. UBS's strategy builds on the
strengths of all of its businesses and focuses its efforts on areas
in which it excels, while seeking to capitalize on the compelling
growth prospects in the businesses and regions in which it
operates. Capital strength is the foundation of its success.
UBS is present in all major financial centers worldwide. It has
offices in more than 50 countries, with about 35% of its employees
working in the Americas, 36% in Switzerland, 17% in the rest of
Europe, the Middle East and Africa and 12% in Asia Pacific. UBS
Group AG employs about 60,000 people around the world. Its shares
are listed on the SIX Swiss Exchange and the New York Stock
Exchange (NYSE).
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