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Managing Executive Compensation Data Effectively
Let’s face it Executive Compensation is complicated. Increased pressure from Regulators, Shareholders and Institutional Investors due to recent events have put a spotlight on not just how executive pay is calculated, but the underlying assumptions and data models used to justify whether or not Executive Compensation is in line with corporate outcomes. While strategy and plan design are pertinent and should balance cash compensation, long and short term incentives, performance measures and calibrations, executive perquisites, board of directors pay and more, transparency, accuracy and accountability are just as important. Green provides a secure, scalable framework that can help you comply with Sarbanes-Oxley or FAS 123R with confidence.
Each organization has unique requirements pertaining to Executive Compensation. Whether you develop your Executive Compensation strategy internally or you use an external consultant, Green can technology-enable that strategy and increase accuracy, improve compliance and drive cost out of the process.
Currently, many organizations store much of their critical information in many disparate systems: share and option data is valued and overhang is calculated in one system; performance metrics, calibrations and relative cash is calculated in another; and perquisites like corporate jets, country club memberships, life insurance, company cars, etc. valued in dollars or points can be tracked in three or more systems. This data is collected, merged and managed in giant Excel spreadsheets, Access databases, or data warehouses with considerable manual effort and a high probability of error.
Let Green aggregate the data from all of your disparate systems into one single database, apply configurable rules, and use the benefit of technology. Green can present the data in a way that makes administrative sense and allows you to manage by exception, thereby avoiding the difficulty of managing each of the individual moving parts. As an award winning solution provider, Green Total Compensation would like to become your trusted business partner.
Flexible and Powerful Total Compensation Administration
Green Total Compensation has a unique way to help you Administer plans. Using our award winning e3 platform (pronounced “e cubed”), the Green Total Compensation Suite is so highly configurable that we can handle the primary processing of Executive Compensation as well as the nuances that make it so difficult, time consuming and prone to error.
Using a powerful rules engine, Green imports the individual and unique details from your C-Suite leaders and executive managers into a secure and powerful database. Then data is collected from relevant systems, including financial, shareholder, and HR software to track limits and thresholds, accumulate deferrals, trigger payments and provide the transparency required by your Shareholders and Institutional Investors. In addition, Green offers the ability to test compliance, thereby increasing your confidence that you are satisfying regulatory requirements.
Whether you base your executives’ compensation on EBITDA, growth, price-to-earnings ratios, share price, incremental values, point-in-time or some other data, Green’s configurability and scalability can handle the job. Now it’s easy to create executive and board of director compensation reports for board meetings with Green’s data modeling capabilities. When you use the Green Total Compensation Suite, point and click to receive a management report with the data you need.
Boardroom to the Mailroom Comprehensive View of Compensation
As an integral part of the Green Total Compensation Suite, Executive Compensation exists alongside Employee Compensation and Sales Compensation in the first truly integrated enterprise format. For companies that desire the individual functionality, any of these solutions may be decoupled from the suite and installed separately. Together, they create a unique and innovative way to align corporate strategy with tactical behavior from the boardroom to the mailroom. Green is the first and only solution provider to integrate:
- Executive Compensation
- Employee Compensation for merit, variable pay and performance-based stock
- Transaction-based Sales Compensation in a single application and single database
- Rebates and Incentive Compensation for non-employee payment
For more information about Green and the Green Total Compensation Suite, to schedule an appointment or to join a regularly scheduled online demonstration please call directly (917) 639-4111 or e-mail salesinfo@greentotalcomp.com
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