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Morgan Stanley at Work Enhances Technology to Deliver Time and Cost Savings to Stock Plan Administrators and Participants
Morgan Stanley at Work has announced three strategic product enhancements to its stock plan platforms Equity Edge Online® (EEO) and Shareworks, designed to streamline functionality for Morgan Stanley at Work’s corporate clients and their workplace participants.
With these technology upgrades to EEO and Shareworks, corporate clients will experience new processes that drive efficiency, increase productivity, and boost satisfaction.
New technology capabilities and features on the platforms include:
- Expanded fractional shares transaction capabilities in both Shareworks and EEO that enable stock plan participants to trade any fractional portion of their equity shares—or sell just enough to cover taxes and keep the rest. This helps them to keep a higher number of equity shares after vesting, widens their tax strategy choices, and drives deeper engagement and satisfaction with their plans.
- A fully automated Leave of Absence administration process in Shareworks in which stock plan administrators no longer need to manually update individual vest schedules when a participant goes on leave and/or returns. Plan administrators can now handle this frequent occurrence automatically with a simple status rule—saving time and minimizing errors.
- A new automation framework in EEO called Workflows allows stock plan administrators to build custom automated processes, reducing individual manual steps. The automated Workflows help administrators coordinate and deploy end-to-end processes in the platform itself, store whatever parameters they need, isolate specific populations of participants, and run workflows for specific events—all from one place.
“Over the past two years we’ve made significant progress in bringing together the best of the best from Shareworks and Equity Edge Online,” said Mark Mitchell, Chief Product Officer of Morgan Stanley at Work. “We have our foot firmly on the gas to improve the lives of administrators and their participants through technology that turns once analogue processes into seamless automation. These recent enhancements help save companies time and costs while also mitigating risks. There’s much more to come as we continue to invest heavily in our people, platforms, and products.”
Source: Morgan Stanley
