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By Kelly Geerts, CEP, E*TRADE Financial Corporate Services, Inc.
Companies continue to face pressure to do more with less. Automation is gaining higher priority among stock plan administrators as they look for ways to become more efficient.
During this year's NASPP Conference, attendees of The 3 P’s of Global Payroll Success: Proactive, Positive, and Partnership panel explored the challenges and opportunities organizations face with process automation. Interestingly, while more than 85% of attendees noted that they have support from their business partners and/or leadership team to automate their processes, only 50% have automation in place.
So, why aren’t more companies automated? For many, it comes down to resources. While automation can help streamline internal processes in the long run, many considerations go into the implementation. Before stock plan administrators execute new automation strategies, think about the following:
With no shortage of roadblocks facing plan administrators, finding a platform and a provider that can help take full advantage of automation is crucial to increase efficiency across the board. From optimizing processes to implementing new feature functionality to integrating systems, automation can serve as a critical component to help your business.
Kelly Geerts is a Director with E*TRADE Financial Corporate Services, Inc., and responsible for leading the Advanced Solutions team. With more than 20 years of experience in deploying end-to-end equity best practices on the issuer side, Kelly brings a practical approach to a broad range of equity administration processes. Prior to joining E*TRADE, she managed the global process and strategy for Apple Inc.'s equity programs, in addition to many aspects of payroll, tax, accounting, and equity administration.