Cloud-based accounting and compliance software provider OptionEase Inc. has added a new earnings-per-share reporting function that gives users the ability to configure reports to match a specific accounting methodology and requirements.
Users can define dilution and then configure their EPS calculations and reports accordingly. The EPS reporting function will be made available at no additional charge to all existing customers in the first week of July.
This was an important development effort for us, said OptionEase chief executive Kim Kovacs. As we continue to convert clients from competing applications, we found that most, if not all, were finalizing their complex EPS calculations in Excel. This clearly violates the intent of having a compliant end-to-end solution upon which both auditors and investors can rely. This is a powerful tool that will handle complex scenarios, including performance-based awards, liability accounting, modified awards and other non-standard equity instruments all from within the application.
The latest enhancement includes weighted share reporting for common stock equivalents, drill-through for audit detail, and business intelligence features.
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