CapMx(TM) Automates Accounting Entries and Furthers FAS123R Ease-of-use
SAN MATEO, Calif., Feb. 14 /PRNewswire-FirstCall/ -- eProsper, Inc.,
the leading provider of on-demand equity management solutions for private
companies, today announced enhancements to its corporate equity management
solution, CapMx(TM). Used by nearly 700 private companies, the CapMx(TM)
solution streamlines the record-keeping and reporting of all corporate
equity and capitalization. Today's new release adds valuable accounting
features and new FAS123R ease-of-use enhancements.
CapMx(TM) accounting features now include real-time reports, which
provide the accounting entries required to recognize stock issuances and
stock option expense.
"Our clients are facing increasingly complex accounting requirements
related to corporate equity," said Pam Washburn, Vice President of Business
Development at eProsper. "Automating the accounting entries required to
book corporate equity transactions replaces what was previously a manual
and time-consuming process."
Enhancements related to the FAS123R accounting standard are also part
of the new CapMx(TM) release. Much attention has been focused on the new
FAS123R standard, which requires companies to measure the fair value of
stock options and other equity awards, and to reflect the fair value on
their income statements. In response to the evolving interpretation of the
standard and in support of audit requirements, eProsper now provides
automatic adjustment for actual vesting and cancellations of stock options.
"The eProsper team consistently demonstrates its knowledge of the
complexities of FAS123R and continues to bring tools to the table to allow
CFOs to ensure compliance with this difficult standard," said Suzanne
Gueydan, Vice President of Finance at Lontra, Inc., a provider of on-demand
IT service portfolio solutions. "Automatically creating the necessary
accounting journal entries for issuances and option expense allows even the
novice to handle it with ease."
The new accounting features and FAS123R enhancements are available
immediately to eProsper's private company clients.
About eProsper and SVB Analytics
eProsper is majority owned by SVB Analytics, an SVB Financial Group
company. eProsper provides on-demand corporate equity administration
services and capitalization management to private, venture-funded companies
through its industry-leading, Web-based software, CapMx(TM). eProsper's
solutions also include PMRx(TM), an on-demand reporting tool that provides
standardized and consistent reporting of operating metrics by portfolio
companies to their investors. For more information, visit http://www.eprosper.com
.
SVB Analytics services also include fair market company valuations for
private, venture capital-backed companies and venture capital firms. More
information can be found at http://www.svb.com/svbanalytics . More information
about SVB Financial Group can be found at http://www.svb.com
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