WEST
CONSHOHOCKEN, Pa., May 17, 2022
/PRNewswire/ -- Jonathan Miller, CEO
of Plan Management Corp., the owner and developer of the OptionTrax
Equity plan administration and cap table management system used
globally, announced newly enhanced system security accompanied by
increased ease of access through multiple devices.
Discussing the latest single sign-on features for administrators
and participants, Jonathan said, "Our clients are able to employ
participant single sign-on with company intranets and active
directories, allowing issuers to include equity compensation in the
total compensation and benefits summation displayed to employees,
improving efficiency, reducing the number of credentials that must
be remembered, and, importantly, adding to the value employees see
from their employers."
The latest OptionTrax release also includes enhanced security
tools, with multi-factor authentication, upgraded password
requirements and issuer-specific periods for password reset
enforcements. These updates effectively reduce fraud and
vulnerability to brute-force password attacks.
New user audit reports provide OptionTrax clients with the user
control data increasingly required by issuer auditors as part of
Sarbanes-Oxley control reviews. Reports display administrator
access levels, status, enabled and disabled dates, lockouts and
most recent login data. Participant user reports also give
administrators real-time visibility into which participants have
successfully activated their OptionTrax account.
Mr. Miller went on to add, "OptionTrax now also allows both
administrator and participant users to maintain multiple trusted
devices and add and remove devices from the list as necessary,
increasing data protection from non-trusted devices while adding
mobile accessibility. This trusted device memory is another
way we're streamlining equity management for administrators and
participants."
He concluded, "We know that clients are walking a fine line
between wanting to make data accessible and transparent to their
employees and equity plan participants, while also ensuring that
data is extremely secure. Our goal is to help issuers deliver
against these dual goals with the most robust and user-friendly
equity management solution on the market. These latest features
continue our leadership in providing that solution."
Contact:
Scott Miller
8886788729
336576@email4pr.com
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SOURCE OptionTrax