Ledgy

Vorteile

- Ease of use: Once you start working with Ledgy, the functions all become very intuitive and easy to use.
- All-in-all overview: Ledgy shows information, which would take hours to find with our old approach, in only one click and in a very easily understandable & visually appealing way.
- Customer support: Whenever I had any question or reported a bug with Ledgy, I got a response within a day and the bug was often fixed shortly after.

Nachteile

- Initial bugs: Not really a con, but as in any other software there were some bugs in the beginning, which made exact handling difficult. However, as I stated above Ledgy's customer support did a great job and fixed most of the bugs in a short amount of time.

Vorteile

There are lot of things that are really valuable from Ledgy. The ease to set up our account, import our transactions, create pools of incentives and grant stock options and other incentives through Ledgy. We really appreciate how the dashboard is. organised and the ease of customise our view and export them. The UX/UI of Ledgy is a plus. Every time we have question, there is always someone to answer to it efficiently and quickly.

Nachteile

The possibility for investors to have a scenario modelling feature as we have as the Company, the PDF export doesn't take into account our customised view instead of the Excel export. The thing is, the tool is so good it gets a little bit frustrating when you realise the missing feature doesn't exist yet.

Vorteile

The tool provides vc firms with a great overview of their portfolio. You immediately see what your stake at a company is, what kind of shares you have, how much money you invested and so on. The tool helps to plan the portfolio better by allowing the user to create scenarios.

Nachteile

In the beginning it takes some effort to implement all the historic data which can lead to some difficulties. However, there is great customer support and Ledgy always tries to help as much as they can.

Vorteile

The CS team is incredibly supportive and knowledgeable which is just what you need when dealing with sensitive employee equity data. Having spoken to their Product team, it is clear that they are laser focussed on their customers and making a product that speaks directly to their needs.

Nachteile

I understand Ledgy are currently building out their functionality to make it even easier to prepare annual ERS filings and other standard reporting.

Vorteile

It is super easy to use and appealing look. Implementation was very fast and support from Ledgy was always outstanding. Our employees love the tool as well to see the development of their shares.

Nachteile

Nothing I can think of until now. We have been very happy from the first moment.

Vorteile

It saves me around 1 hour per week on average, maybe 3-5 hours per week in phases where we hire a lot of people or are close to closing a financing round.

Nachteile

It is not super intuitive initially. Here, a bit improved UX would be appreciated.

Vorteile

User friendly. So many other tools on the market focus on the compliance side. Ledgy has a good balance between both. You don't need to be an expert to implement and use this tool. Lots of integrations which make maintenance so much easier.

Nachteile

More flexibility when running custom reports. Filters would be great.

Vorteile

It's easy to set up and navigate. The investors also find it easy to find their outstanding positions.

Nachteile

Not having a phone to contact customer support and not having the bot running 24/7. It's not a great experience if you work in different timezones and the team is not located in Europe.

In Betracht gezogene Alternativen

Vorteile

* Ease of use
* Various easy to use functions for shareholders
* Modelling capability
* Uploading of relevant documents

Nachteile

* Not yet fully usable when it comes to modelling complex funding rounds

Vorteile

Using the bulk function, the cap tables can be easily copied from Excel to Ledgy, thus saving a lot of time with large amounts of data.

Nachteile

I would like to be able to use the bulk function if I want to adjust a financing round again. This function does not seem to be available yet.

Vorteile

1- The possibility to make groups of stakeholders.2- The way to show the employee stock options is excellent.

Nachteile

It's been an excellent migration experience so far, everything is going very well.

Vorteile

Easy set-up. Intuitive use. Great onboarding process and support.

Nachteile

We are still working on integrating with our HR system, but there has been a new release.

Vorteile

There are so many features that Ledgy provides. But especially the round modelling helps a lot. For us it was important that all stakeholders have an easy separate login and have an overview over their investment.

Nachteile

The notification feature is not that easy to understand. Also, it would be great to have an international QES functionality.

Vorteile

The fact that I can have multiple finance tasks done on one platform (Cap Table, reporting, signing of legal documents, ESOP, financing scenarios)
It’s simplicity and fun atmosphere (just love the title “Danger Zone” in the settings😉!)

Nachteile

As a novice in the use of Ledgy, I still have to find the answer to that question.

Vorteile

Ease of use, Reactivity of the Ledgy-Team, Proactivity (offering support, explaining features, pioneering), Speed in development

Nachteile

Generally nothing worth mentioning. Great thing would be a mass mailing function to all stakeholders incl one or multiple attachements.

Vorteile

Ledgy offers a fantastic cap table management solution. The Customer Success team did a great job in helping us get up to speed and answering all our requests while setting up the tool initially.

Nachteile

I am overall quite happy with Ledgy. Since the company is quite young, they are yet to develop more advanced customization and scenario modeling features and I am very much looking forward to them.

Vorteile

We switched from a competitor product to Ledgy & found the product far superior and much easier to use. The onboarding experience took about 6 weeks due to complexities on our end, however the onboarding team were more than helpful every step of the way.

Nachteile

We require signature witnessing and this requires an integration with Docusign, which was an additional expense for us. It would be great if Ledgy could build in witnessing capabilities to their own product (it has signature functionality, but not witnessing).

Vorteile

simplicity and possiblity to give investors access, also the round modelling is nice

Nachteile

the signature process ist just being implemented, happy to see that coming soon

Vorteile

Overview
Shared with relevant stakeholders (investors, employees)
Modeling of investment rounds
Integrated Stock Option Plans

Nachteile

Nothing so far. All working great and regular additions of new features.

In Betracht gezogene Alternativen

Vorteile

Ledgy takes everything around cap table management and company ownership to the next level. The tedious spreadsheet days are gone.

Nachteile

Some features still missing, but it's a young product and company, so they'll add those eventually...

Vorteile

Easeness of setup, intuitive, compliance, support

Nachteile

Designs might be upgraded as they seemed a bit old fashioned

Vorteile

Excellent captable management tool with additional features for management of shareholders and option holders

Nachteile

No particular things I did not like. New features are continuously released.

Vorteile

It makes the workflow easier and reduce the time we have to spend. For example to sign contracts for the capital increase.

Nachteile

That it is not so easy for a legal entity to sign contracts.

Vorteile

Employee experience is great: looks shiny but easy to understand.

Nachteile

The share value as presented on the main screen can be improved.

Vorteile

Offers all the features we need and customer service is state of the art.

Nachteile

The UX does sometimes not feel 100% intuitive, but they're getting there.

Vorteile

Great help in stake holder management, everything in one place, less emails, easy to use, better overview.

Nachteile

Adding folders into the data room for documents would be great, so that the documents in there can be organized more clearly.

Vorteile

The solution is very intuitive and is helping us to manage our shareholders in a compliant way

Nachteile

can't think of any negative. Software functions and support have been all the time great

Vorteile

Paperless handling of employee stock option plans that saves hundreds of Swiss Franks in law fees.

Nachteile

There are no features missing as I could tell so far.