Last updated on
Company health
Ratings
OptionTrax description
OptionTrax is an equity management software designed for growing companies. It offers a platform for managing various award types, including stock options, RSUs, and performance awards. The software features automated tracking, flexible reporting, and compliance functionalities. OptionTrax prides itself on providing direct access to experienced equity professionals for support, bypassing phone trees and chatbots. They offer software-only or full-administration services, starting at $419 per month. OptionTrax focuses on client service and expertise in equity management.
Who is OptionTrax best for
OptionTrax offers equity management software for growing companies to manage various award types. Users praise the software's excellent customer support, user-friendly interface, and flexible reporting. However, some users find certain reporting features difficult to navigate and desire more customization options. OptionTrax is ideal for pre-public and public companies seeking streamlined equity management.
-
Ideal for small to medium-sized businesses seeking equity management solutions.
-
A good fit for pre-public and public companies with complex equity plans.
OptionTrax features
| Supported OptionTrax supports cap table management, tracking funding, investors, and securities. |
| Supported OptionTrax supports managing stock options, RSUs, and ESPPs. |
| Supported OptionTrax supports equity compliance reporting, including ASC718 and IFRS. |
OptionTrax reviews
We've summarised 24 OptionTrax reviews (OptionTrax G2 reviews) and summarised the main points below.
- Excellent and responsive customer support, often praised for knowledgeable staff and quick resolution times.
- User-friendly interface and easy navigation for most tasks.
- Flexible reporting capabilities for various equity types and financial reporting needs.
- Streamlined processes for exercises, terminations, and other equity transactions.
- Helpful participant portal that provides transparency and facilitates compliance.
- Some reporting features lack robust documentation and intuitive naming, making it difficult to locate specific reports.
- Limited customization options for complex or unorthodox grant types.
- No dedicated support representative for in-depth or recurring issues.
- Navigating between different modules (e.g., cap table and plan management) can be cumbersome.
OptionTrax pricing
The commentary is based on 1 reviews from OptionTrax G2 reviews.
OptionTrax is praised for its cost-effectiveness and ease of implementation, eliminating the need for expensive consultants. Users find it a robust and valuable solution, especially when migrating from manual spreadsheet-based systems.
See the OptionTrax pricing page.
OptionTrax alternatives
AumniBetter for venture capital firms and investors. More focused on portfolio management and due diligence. Aumni has slower website traffic growth but faster employee growth. Aumni OptionTrax alternative.Read more
PulleyBetter fit for smaller companies. More focus on investor relations and fundraising. Positive pricing sentiment. A strong OptionTrax alternative, OptionTrax competitor.Read more
Workleap OfficevibeBetter for boosting employee engagement and gathering feedback. A stronger option for mid-sized companies across various industries. Preferred by users for its ease of use and recognition features.Read more
QapitaBetter suited for startups and publicly traded companies managing equity, especially in emerging markets. A strong OptionTrax competitor with more transparent pricing. Qapita has better customer service and is easier to use, but mobile functionality is limited. It is growing faster than OptionTrax.Read more
SourcescrubBetter fit for enterprise users in finance. Has grown faster and has higher ratings. More deal sourcing and market mapping capabilities.Read more
Cake EquityBetter suited for smaller, rapidly growing businesses. Offers transparent pricing with a free plan. Easier to use with strong customer support.Read more
OptionTrax FAQ
What is OptionTrax and what does OptionTrax do?
OptionTrax is equity management software for growing companies. It manages various award types, including stock options and RSUs, with automated tracking, flexible reporting, and compliance features. OptionTrax offers direct access to equity professionals for support and provides both software-only and full-administration services.
How does OptionTrax integrate with other tools?
There is no information available about OptionTrax integrations with other tools. However, OptionTrax offers a comprehensive platform for equity management, including cap table management, equity compensation management, and compliance reporting.
What the main competitors of OptionTrax?
Alternatives to OptionTrax include Pulley and Qapita, both offering equity management solutions. For broader financial management, consider Aumni. Cake Equity is another strong competitor specializing in startup equity.
Is OptionTrax legit?
OptionTrax appears legitimate, offering equity management software with automated tracking and flexible reporting. Users praise the responsive customer support and user-friendly interface. However, some report difficulties with specific reports and limited customization.
How much does OptionTrax cost?
I couldn't find pricing details for OptionTrax. For the most current pricing information, it's best to visit OptionTrax's website or contact their sales team directly. This will give you the most accurate product pricing and help you determine if OptionTrax is worth it for you.
Is OptionTrax customer service good?
OptionTrax customers consistently praise the excellent customer service, highlighting the knowledgeable staff and prompt responses. Users appreciate the support team's ability to handle unique requests and provide helpful assistance. While some find certain system functionalities cumbersome, the positive customer service experience appears to outweigh these occasional challenges.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.