Carta Release Notes - Product Updates

a year ago7/31/2024

Introducing Market Insights

Data is critical for founders to make informed decisions when fundraising and hiring. We are now offering early stage founders benchmark insights on early stage rounds and first engineering and marketing hires.

What’s new?

A centralized hub makes it easier for founders to access and interact with fundraising and hiring benchmarks.

Fundraise insights provides information on early stage SAFE and priced round market terms and how they compare to other companies in related stages, regions, and industries.

Hiring insights provides information on how much to pay early marketing and engineering hires.

*More job areas, levels, and locations are available on Carta Total Compensation

Why this matters:

These updates enable founders to navigate fundraising and hiring strategies with precision and insight. This resource enables founders to make data-driven decisions and strategically plan for their company's growth, optimize their fundraising strategies and ensure their hiring packages are competitive, setting their teams up for success.

How can I access it?

Market Insights is available on all Carta plans. Find it under Essentials>View market insights. For more information visit our support article.

Leah Rodriguez

a year ago7/31/2024

Refer portfolio companies for QSBS Attestations from Carta

Investors can now refer their portfolio companies to get QSBS Attestations from Carta.

The feature allows investors to do this for individual companies or multiple companies that are likely QSBS eligible. Once you refer your portfolio company, they will receive a notification on Carta encouraging them to get a QSBS Attestation. After a company receives the QSBS Attestation, you will receive an email and copy of a QSBS Attestation letter addressed to your firm highlighting which securities held are QSBS eligible.

What do I need to do?

This feature is available to users who are admins for an investment firm on Carta. Navigate to the 'Investments' page of your firm where you can refer in bulk or individual companies for QSBS reviews from Carta.  If you have any questions reach out to your assigned Carta account team or qsbs@carta.com to learn more!

Jordan Agnew

a year ago7/29/2024

Advanced Equity Refresh Planner

What’s new?

We are launching an updated version of our Equity Refresh Planner to better help with:

  1. Identifying which employees receive a grant
  2. Deciding the size of each refresh grant based on market benchmarks

This updated tool includes:

  1. The ability to add/remove employees to your company’s Refresh Plan
  2. Quick filters to quickly identify eligible and/or High Retention risk employees based on tenure, your compensation plan, and market targets.
  3. Settings to help manage the refresh grant recommendation and tenure eligibility criteria

How can I access the new Equity Refresh planner?

  1. Navigate to the Reports page in Carta Total Compensation
  2. Navigate to the “Equity Refresh” tile and click “View report”
  3. The interactive planner will open

How do I use the Advanced Equity Refresh planner?

This planner helps companies identify employees who should be considered for additional equity grants as a way to retain talent at the company. It also provides market based refresh grant recommendations that can be adjusted as needed.

Questions?

If you have any questions about this new planner, please reach out to your Customer Success Manager.

Stefan Rosenberg

2 years ago7/15/2024

Equity Reporting Suite: Canceled and Returned Updates

What's new?

As part of our ongoing efforts to enhance accuracy and reliability, we have transitioned our Canceled and Returned report to Carta's Equity Reporting Suite service.

What does the new report offer?

How can I access it?

To access the new Canceled and Returned report, click on Run reports under Essentials or navigate to Cap table and select Run reports.

Where can I learn more?

For more information on Carta's equity reports, please refer to our dedicated support article.

Will WD

2 years ago7/9/2024

QSBS eligible investments highlighted in the the SOI

Fund Admin customers with portfolio companies using Carta's QSBS Attestation product will now see a QSBS tag on the SOI for investments that have been attested to as QSBS eligible by Carta Tax and Valuations team.

The tag indicates that your fund holds shares that are QSBS eligible (pending the holding period requirement). To see more details about your QSBS eligible shares you can click on the investment and navigate to the Holdings page and select 'QSBS eligible shares'.

Here you can view more information including: number of eligible shares, securities that are eligible, and download a PDF of the personalized QSBS Attestation letter.

What do I need to do?

This page is available to customers using Carta for Fund Administration. You can navigate to your Fund's SOI on Carta by selecting "choose entity" on your firm's account, selecting the fund you wish to view, and selecting "Investments" in the navigation menus.

If you have any questions reach out to your assigned Carta account team or qsbs@carta.com to learn more!

Jordan Agnew

2 years ago7/9/2024

Request access to QSBS Attestation from your portfolio companies

Investors can now request access to their QSBS Attestation letter from portfolio companies using the QSBS product.

Investors - Request QSBS letter

Click for sound

This feature allows you see which of your portfolio companies has received a QSBS Attestation by Carta, and allow you to request access to your QSBS Attestation letter for your eligible securities.

What do I need to do?

This feature is available to users who are admins for an investment firm on Carta. To find your QSBS eligible investments, visit your 'Investments' page and filter to the QSBS eligible investments.

If you have any questions reach out to your assigned Carta account team or qsbs@carta.com to learn more!

Jordan Agnew

2 years ago6/13/2024

New suite of Employee management tools

Starting today, Carta is enabling you to easily determine how much equity to grant employees and when to grant it via new tools such as the Hiring Planner, Refresh Grant Planner, and Equity Pool Forecast.

Only Carta can help you:

What’s new?

With our new suite of Employee management tools, administrators have access to four new features:

  1. Manage Employees hub: See the tools, required steps, and resources to help you hire, manage and retain your team.
  2. Hiring Planner: Add potential new hires to see recommended equity and cash compensation based on market data, and export plans to share with your team and investors.
  3. Refresh Grant Planner: See which employees are completing vesting soon, and plan out refresh grants to tenured employees to help retain top performers
  4. Equity Pool Forecast: Visualize your equity grants, hiring, and retention initiatives and their impact on your equity pool over time.

Who is this available for?

All Corporation founders and administrators who can view their company’s cap table.

How do I use it?

You can access these flows by going to your Carta account, and going to Manage Employees in the side navigation. From there, you can easily access all of the additional tools.

View a demo walkthrough of this feature.

Anything else I need to know?

If there is anything you wish to see here, use the feedback form that will show up when you first visit the Manage employees page. If you have already responded and have additional feedback, or cannot find the form, you can reach out to your CSM or provide feedback via Carta Community.

Will WD

2 years ago6/13/2024

Management Fee Improvements

What’s new?

We’ve improved our management fees to ensure you receive accurate offset calculations and experience a smooth approval process, every quarter.

What’s important about this change?

When approving management fees, you can now remain confident offsets are accurately accounted for with improvements to our offsets calculator. This means offsets will be properly allocated to partners in accordance with your LPA.

Plus, spend less time reviewing management fees and approve now, but transfer later with our new scheduling feature.

How does it work?

You’ll receive an email and notification through your Activity tab that your fees are ready for review, this time 10 days prior to the new quarter.

You’ll then review your management fee calculations. Not only did we simplify the view of your total fees due, but we’ve made it easier for you to understand previously allocated fees, fee savings, and reductions due to offsets or waivers.

After you approve your fees, you now have the ability to customize the transfer amount, in this case I selected the full amount, and date the fees are transferred with our new scheduling feature. Because we’re sending you your fees  for review 10 days prior to the new quarter, you can review and approve then, but select to transfer on July 1.

Next, select the pay from and pay to accounts, and approve the transfer. If taking advantage of automated money movement to transfer your fee, check the box to authorize the money movement.

How do I learn more or get help?

To learn more about Carta’s management fees feature, reach out to your Account Director or if you’re new to Carta, schedule a demo today.

Kathleen Meil

2 years ago6/13/2024

Faster, more accurate capital calls

What’s new?

We’ve redesigned our capital call experience to introduce self-serve capabilities, like direct edits and self-release, allowing you to get your time sensitive capital calls out even faster.

But we didn’t just build for speed, we know the importance of an error-free capital call for both you and your investors, so we’ve introduced automatic health checks and pulled in critical details from your LPA to ensure accuracy in every detail.

What’s important about this change?

Gone are the days of waiting on your fund admin to review an urgent capital call, and the chance of human error. Now, you can remain confident you’re sending out an accurate capital call to investors, no matter the timeline.

How does it work?

Navigate to your Activity tab, select Call Capital, then select the type of capital call. We’ve introduced two additional options, “bring investors in line”, which means you want all of your investors to be at an equal percent of their commitments, and a “custom” option, if none of the options listed work for you.

If calling capital Pro rata, select the investors to call, enter your amount, and the purpose of the capital call. Your called capital calculations will be updated in real-time in the summary module as you modify the page.

Next, we’ve integrated terms from your LPA into the capital call experience to ensure accuracy in every capital call. If you have cashless offsets outlined in your LPA, it will automatically appear here and be applied to your final amount on the review page.

On the final screen, you’ll review all capital call details.

You’ll notice information has now been pre-filled for you. We know the due date of your capital call based on your LPA. So instead of you filling this out with the chance of human error, we fill this in for you, alongside preferences from past capital calls.

You can edit the details directly here and review the notices for each investor.

As a last update to ensure your time sensitive capital calls get out as quickly as possible, we now give you the ability to send this capital call without waiting for your fund admin to review.

If everything looks correct, you can send to investors now, schedule for later, or still send to our team for a custom request or second review. If any of our automatic health checks are failing, we’ll require a fund admin review before you’re able to release.

How do I learn more or get help?

To learn more about Carta’s capital calls, reach out to your Account Director or if you’re new to Carta, schedule a demo today.

2 years ago6/13/2024

Step-by-step fund formations

What’s new?

We’ve enhanced our fund formations so fund managers can now access a self-serve, guided experience, all in the same platform they manage their funds.

What’s important about this change?

Whether you’re an emerging manager forming a fund for the first time, or an established GP looking to scale your firm, Carta makes the fund formation process quick and easy with an in-app, step-by-step experience.

You’ll be able to understand exactly what step in the formation process you’re on, what information you need to provide, and how many steps to go.

How does it work?

You’ll be guided through the formation process step-by-step, starting with the basics like adding members to your fund and providing details like the name of your entities.

After you enter your fund details, we’ll form your entities with Delaware and obtain your EIN, removing days of manual work by automating this process.

Next, you’ll move on to more complex items like fund financials and ownership stakes. You’ll get to define fund terms for legal agreements like closings and waterfalls, and set your management fees. If you’re new to venture, we’ll provide you guidance and best practices along the way.

The last step in structuring your fund is signing final documents like your LPA and Operating Agreement. All of the information you entered in the steps prior to this is what populates these documents here.

You can easily track who’s been invited to sign these documents and their progress.

Once all steps are complete and documents are signed, you can then get ready to invite investors to close into your fund. Carta’s data room and closings tool makes the closings experience smoother for both you and your investors.

How do I learn more or get help?

To learn more about Carta’s Fund Formation, reach out to your Account Director or if you’re new to Carta, schedule a demo today.

Jake Hadary

2 years ago6/13/2024

Track capital calls, now from your phone

What's new?

Fund managers can now track the status of active capital calls, directly from their Carta Carry app.

What’s important about this change?

Gone are the days of following up with your fund admin to see the status of a capital call or confirm which investors are yet to pay.

Now, you can easily track the status of active capital calls, including a view into the progress of your investors commitments, all from your phone.

How does it work?

After your capital call request has been submitted, you’ll be able to view the progress from both your home screen and your new Capital Calls tab. You can see an overview of the amount pending, pending investors, and due date.

For a more detailed view, you can click into the individual capital call  to view investor details. Easily filter investors by which have paid, which have partially paid, and which haven’t paid. You can also view which investors have not yet viewed the capital call notice, so you know who to follow up with.

Don’t have Carta Carry?

Download it on iOS or Android today.

Eric Morelli

2 years ago6/13/2024

View your entire portfolio, now from your phone

What's new?

Fund managers can now view investment performance for each of their portfolio companies, wherever they are.

What’s important about this change?

Whether you’re at your desk or on-the-go, you can quickly view a snapshot of your investments, or click into an individual investment for a more detailed view.

How does it work?

Click into the Investments tab, then view an overview of investments across your portfolio with metrics like cost, gain / loss, and what your ownership percentage is. For a more detailed view, click into an individual  investment to see additional metrics like holdings value, gross IRR, and gross multiple.

Don’t have Carta Carry?

Eric Morelli

2 years ago6/10/2024

New Share Class Manager

We are making it easier for companies to keep cap tables up to date after a new round of investment.

What’s new?

Our new Share Class Manager can extract information from Incorporation Documents and Stock Purchase Agreements, saving company administrators time when issuing investor shares after fundraising.

Who is this available for?

All company administrators can upload and extract data from Incorporation Documents. Administrators from companies reflecting their first priced round can upload and extract data from Preferred Round Stock Purchase Agreements.

Main Value Proposition

The new Share Class Manager powered by document extraction saves you time, money, and makes sure your cap table data matches the legal documents after a new round.

How do I use it?

  1. Navigate to Securities, then Manage Share Classes

  2. Click "Update Share Classes", then select "Add new filing date"

  3. Upload documents, and wait on screen for the extraction

  4. Review data and save

Anything else I need to know?

Any company can upload incorporation documents and have new share class data automatically ready for review, but only companies on their first priced round can upload Purchase Agreements.

Patrícia Vargas

2 years ago6/6/2024

Standard Financial Reporting

Carta’s Financial Reporting  tools automatically generate the expense and minimum disclosure reports that auditors need so that you can easily comply with US GAAP and IFRS 2 accounting standards.

Early-stage companies now have a Financial Reporting product designed just for them. Standard Financial Reporting includes automatic expense tracking for equity spending and an audit package with all the supporting evidence and documentation auditors need for stock-based compensation (SBC) expense reporting.

Features included:

Who is this available for?

Standard Financial Reporting is available to all Carta cap table customers, but specifically designed for early-stage companies preparing for their first few audits

Main Value Proposition

Automatically track your equity spending with Carta’s Standard Financial Reporting. Key benefits include:

  1. Accurate, automated expense tracking: Tracks stock-based compensation expense, ensuring all cap table transactions are accounted for.
  2. Time saved: Get your stock-based compensation (SBC) report, minimum disclosure report, and audit guide in 5-10 minutes, saving 1-2 weeks of manual calculations.
  3. Compliance: Ensures compliance with the Financial Accounting Standards Board (FASB) requirements for booking SBC expense upon first issuance.
  4. Historical expense calculation: Provides a one-time adjustment for historical expenses in your financial books.
  5. Simplified auditing: Download an audit package with all necessary documentation, ready to send to your auditor.

In just a few clicks, Carta’s tool manages your stock-based compensation expenses, making your audit process seamless and efficient.

How do I use it?

Anything else I need to know?

All questions can be answered through our Financial Reporting support team, contact them via email 718@carta.com

Samantha Widman

2 years ago6/6/2024

Financial Reporting Vesting & Option Service Integration

Financial Reporting is making an improvement to the way we pull in cap table data, achieving data consistency with the cap table products for vesting schedule tranche values.

What's new?

Previously, Financial Reporting used our own First-In First-Out (FIFO) allocation method to assign exercised quantities to ISO/NSO security type tranches. This method did not always match the cap table, as the logic slightly differed. In order to provide consistent data between cap table products, such as equity reporting, equity awards ledger, equity award details, and Financial Reporting, the Securities team created API services, specifically Vesting and Options for award and tranche level quantities. With Financial Reporting’s integration of the Vesting and Options API service, the tranche values displayed in Financial Reporting reports will be improved to match other Carta products, achieving data consistency.

Who is this available for?

All Financial Reporting customers will benefit from this new method Financial Reporting will be using to achieve data consistency with cap table products and equity reporting. More specifically, companies with ISO/NSO security types will have matching tranche quantity allocations with their cap table!

Main Value Proposition

Fully rely on Financial Reporting for your equity roll forwards! With a few clicks, Financial Reporting will provide accurate equity roll forwards and stock-based compensation expense for your financial statements and audits. Carta’s products talk to one another, which means you can easily rely on Financial Reporting to have accurate tranche quantities that match our other products.

How do I use it

No action required on the customer side. Customers will just continue to generate their financial reporting periods and the reports will correct themselves without disrupting the opening and closing balance of prior reporting periods.

Anything else I need to know?

If you have any questions or want to talk to an expert about this new change, reach out to 718@carta.com

Samantha Widman

2 years ago6/5/2024

Carta now supports board consents for SAFEs

What's new?

Get your board's approval while creating SAFEs on Carta with the new SAFEs board consent feature. Our customers can be rest assured their SAFE financings are governed properly. If you've created SAFEs on Carta before this release don't worry, our feature allows for ratifications of previously issued SAFEs so you're audit ready.

Who's eligible?

All companies can fundraise through SAFEs and leverage Carta's board consent feature! Users with Full Access permissions will be able to see the consent creation step.

How can I access it?

If this is your first time creating a SAFE, Carta can assist in efficiently creating a board consent using the information provided. You can skip this step and create one later through the Board Consent tool or select Yes and you will be walked through the process.

Carta will remind you if you ever raise more money through SAFEs than your board had approved. If this ever happens, we'll prompt you the next time you create a SAFE or you can ratify previously issued SAFEs (with an option to adjust your amount if you intend to raise more later)

2 years ago6/5/2024

QSBS eligibility support for RSAs

This month we released QSBS support for RSAs. RSAs are a common form of founder equity and understanding their QSBS eligibility can be difficult due to the nature of their vesting and issuance. We now highlight QSBS eligibility in all RSAs where we have performed a QSBS attestation and the securities meet the criteria. The product experience for RSAs will look similar to the other securities eligible for QSBS which includes:

Jordan Agnew

2 years ago5/31/2024

Equity reporting suite: Stakeholder Ownership Details Enhancement

What's new?

To improve reporting for cases where stakeholders have a smaller percentage of ownership, we have enhanced the Stakeholder Ownership Details report to display the full amount of decimal places under the "Fully Diluted Ownership %" and "Outstanding Ownership %" fields.

Why are we changing this?

Previously, the ownership percentages in the Stakeholder Ownership Details report were limited to two decimal places. For example, if a stakeholder owned 0.0135% of the company, the report would have shown 0.01%. This made a small difference for large holdings but could be more significant for smaller ones, like those of employees.

With this update, the report will now show the full ownership percentage including all decimal places, such as 0.0135%, ensuring greater precision in the reporting of individual stakeholder ownership.

How can I access it?

To access the Stakeholder Ownership Details report, navigate to Essentials > Run reports.

Where can I learn more?

For more information on Carta's equity reporting suite, refer to our dedicated support article.

Will WD

2 years ago5/23/2024

Board consents in Carta are now linked to Option Grants and RSUs

What's new?

We've made it simple to find corresponding board consents in Carta when viewing Option Grants and RSUs on the cap table. When viewing an equity award on Carta, the new Board Details tab is available with details about the board consent that approved the issuance of the securities as well as a direct link to the board consent itself.

Who's eligible?

All companies on Carta can utilize the board consents tool. Users with Full Access or Company Editor can view board consents for their company and will be able to view the new Board Details tab in the equity details modal. Users without access to the Board Consent tool will not see the new tab.

How can I access it?

While logged into your cap table on Carta, navigate to Equity Awards and click any record with an option grant or RSU issued.

With the modal open navigate to the Board details section where you'll find details about the board consent that approved the issuance of this security. Click View board consent to be taken directly to the board consent within Carta.

Where can I learn more?

To learn more about our board consent feature, please see: https://support.carta.com/s/article/create-board-consent

2 years ago5/23/2024

View benchmarks based on employee headcount

What’s new?

We have added a new peer group category to view salary, total cash compensation, and equity benchmarks – based on employee headcount.

How do I view new benchmarks?

You can view the new employee headcount-based benchmarks by visiting the Benchmarks page and selecting the peer group filter. The new peer groups will be in the dropdown alongside the current peer groups based on post-money valuation.

How do I use these new benchmarks in my Compensation Plan and Scorecards?

We are working on an additional update that will allow companies to use employee headcount-based benchmarks in their Compensation Plans and Scorecards next quarter.

Questions?

If you have any questions or feedback about these new benchmarks, please reach out to your Customer Success Manager.

2 years ago5/13/2024

Understand dilution and ownership with the new SAFE Modeling tool

Corporations What’s new?

Understand how a SAFE financing round will impact your ownership when it converts in a future priced round. Our new SAFE Modeling tool removes the guesswork by providing current fundraising benchmarks, customized to companies in similar industries and stages.

SAFE Modeling is available in all Carta plans. This feature allows users to see how SAFEs they’re raising will impact their ownership, how it will convert for investors, and what terms are most favorable for them to raise on.

Why is it valuable?

Dilution occurs the most in the earliest financing rounds. By not modeling ownership at the pre-seed and seed stages, early founders may find themselves more diluted than expected when it converts during a priced round. SAFE Modelings gives founders an easy to use tool to understand the impact of a SAFE round to their ownership.

How does it work?

To get started, navigate to Model your Fundraise, and select Model your SAFE.

Select the existing investments in your cap table that you want to include in your model and/or add additional investments.

Explore how you and your stakeholders ownership and share value is impacted. You also get a detailed view of current ownership, post-money ownership, post-money valuation, and post-money shares by stakeholder and by share class.

Interactive graphs further visualize the impact on dilution and ownership changes, using pre-populated priced round terms from Carta’s fundraise benchmarks data. Carta will show suggested priced round terms based on current fundraising trends specific to your company’s stage and industry. For smaller, niche companies an industry aggregate will be used.

How do I learn more or get help?

To learn more about SAFE Modeling, check out this support article or reach out to your Account Manager for a demo.

Leah Rodriguez

2 years ago5/9/2024

Carta and Deel equity tax withholdings partnership

What's new?

Carta has partnered with Deel to help international employees exercise their options. Customers of both Deel and Carta will now have support for Deel calculated tax withholdings and local currency payments for option exercises. Lengthy in-house tax calculations and exchanging local currency into USD to pay for an exercise is now a thing of the past.

Who's eligible?

With its debut, this integration will cover Carta customers who have Deel EOR and Deel Global Payroll employees in the following countries:

Canada 🇨🇦 will also be covered by this integration by end of Q2 2024.

How can I access it?

Companies using Carta and Deel can activate the Carta integration in their Deel accounts today to automate their global equity tax withholdings.

Employees at companies who have activated the above integration will automatically enjoy the benefits as long as they submit their option exercise request within 15 days prior to their respective option expiration date to ensure they can use the Carta–Deel integration to streamline their option exercise experience.

Non-eligible employees will be routed to the default Carta experience.

Where can I learn more?

For more information on how the exercise experience will work, please refer to our support article https://support.carta.com/s/article/exercise-options-using-carta-and-deels-exercise-flow

2 years ago5/2/2024

Quarterly Benchmark Refresh and Updated US and International Geographic Adjustments - Q2 2024

What’s new?

We have updated salary, total cash compensation, and equity benchmarks for all job areas and specializations. Additionally, we have updated US geographic adjustments for all metro areas as well as international market adjustments and currency conversions.

Benchmark Trends

In aggregate, salary and total cash compensation benchmarks are slightly higher than our last release, increasing by 1%. Salaries increased slightly more for companies with valuations up to $100M. Across all roles, levels 7 and above tended to increase more than levels 6 and below. Similar to previous updates, specialization level data continues to change more than the broader sample, as sample sizes for these roles are smaller than job area level data.

Equity benchmarks are increasing in aggregate, showing about a 4% increase versus last quarter. Looking at equity trends by valuation, equity benchmarks increased the most for companies with valuations greater than $500 million.

Looking across updated geographic differential data, we observed our top market compensation increasing faster than most other metro areas, resulting in some slightly larger discounts between our top markets and other cities. Most of the larger metro areas within our dataset, however,  have remained relatively stable. For international locations, salary and/or equity adjustments have changed by 10% or more in the following countries: Brazil, Germany, Singapore, Japan, United Arab Emirates, and Switzerland.

What were the largest areas of movement from these benchmarks?

Salary - Salary benchmarks for most job areas and specializations are within 2% of last quarter’s data.

Equity - We saw a wider range of equity changes this quarter compared to previous quarters. Some of the larger increases are in Recruiting, Strategy, Project Management, and Sales/Solutions Engineering which are all increasing 10-15% versus last quarter. Mobile Engineering and Product Management saw the largest decreases vs. last quarter (6-8%)

How do I update my benchmark version?

You can also preview the new benchmarks on your Scorecard by navigating to the Benchmarks page and clicking on the "Preview benchmarks" bubble in the top left.

Here you will have the opportunity to preview the new plan with the updated benchmarks version and assess their impact on your Scorecard before accepting the new plan.

Questions?

If you have any questions about these new benchmarks, please reach out to your Customer Success Manager.

2 years ago4/29/2024

Categorize CEOs as a Founder or Non-Founder

What’s new?

Companies can now classify their CEOs as being either a Founder CEO or Non-Founder CEO. This will allow companies to compare CEO compensation to market targets on both the company and employee Scorecards accurately.

How do I categorize the CEO as a Founder or Non-Founder?

Navigate to the employee list and navigate to “Edit employee” for the CEO.

Select “Job area and level” from the menu on the left, and set “Job area” to “CEO”. From there you will be able to select “Founder” or “Non-Founder” for the CEO role

Finally, click “Save” in the upper right corner of the screen to save these changes. You will now be able to compare CEO compensation to market targets on the company and employee Scorecards.

Questions?

If you have any questions about how to categorize a CEO as a Founder or Non-Founder, please reach out to your Customer Success Manager.

2 years ago4/18/2024

New Equity Reporting Page

What's new?

We've released a significant update and redesign to Carta's Equity Reporting page to enhance report accessibility, and make the process of finding and running reports significantly easier.

Here are the highlights:

The longer list of all reports is accessible by selecting the All Reports tab at the top of the reporting page.

How can I access it?

To access the new Equity Reporting page, click on Run reports under Essentials or navigate to Cap table and select Run reports.

Where can I learn more?

For more information on Carta's equity reports, please refer to our dedicated support article.

Will WD

2 years ago4/15/2024

Founder and Non-Founder CEO benchmarks

What’s new?

We are adding additional granularity to our CEO benchmarks by:

How do I see benchmarks for the new roles?

You can view the new CEO benchmarks by visiting the Benchmarks page and selecting “CEO” under Area. Within “CEO” you can select “Founder” or “Non-Founder” from the Founder Status dropdown.

How do benchmarks for the additional benchmarks affect the Employee Scorecard?

Learn more about how to classify a CEO as a Founder or Non-Founder here.

Questions?

If you have any questions about these new benchmarks, please reach out to your Customer Success Manager.

2 years ago4/2/2024

Equity Refresh report

What’s new?

We are introducing a new interactive report – the Equity Refresh report.  The report will let users view:

How can I access the Equity Refresh report?

  1. Navigate to the Reports page in Carta Total Compensation
  2. Navigate to the “Equity Refresh report” tile and click “View report”
  3. The interactive report will open

How do I use the Equity Refresh report?

This report helps companies identify employees who should be considered for additional equity grants as a way to retain talent at the company.

Questions?

If you have any questions about this new report, please reach out to your Customer Success Manager.

Stefan Rosenberg

2 years ago3/11/2024

Introducing Carta Distributions

What’s new?

We're introducing the latest addition to our platform: the beta release of Carta Distributions. Our team has been hard at work, dedicated to simplifying the distributions process and providing a seamless experience for our users. With this release, we're transforming what was once a multi-step process into a matter of clicks. Say goodbye to cumbersome inputs and hello to streamlined efficiency.

With Carta Distributions, you can:

Why it matters:

Our customers have spoken, and we've listened. Distributions are a critical aspect of their financial operations, signaling value generation for stakeholders. However, the previous tool fell short of expectations. With Carta Distributions 2.0, we're addressing these pain points head-on, enhancing user experience and satisfaction with the tool.

What’s included?

The release focuses on revamping the user experience of the Distributions tool, with support for both pro-rata and custom distribution methods. We're committed to providing a seamless and intuitive interface, making it easier than ever for our users to manage distributions.

What do I need to do?

If you’re interested in trying out the new Carta Distributions, you can reach out to your account manager or schedule a demo here.

What's next?

In the coming weeks, we'll be rolling out additional features and enhancements. Users can expect to see improvements that allow them to visualize the impact of distributions on invested capital balances across the platform. Plus, we'll be introducing email notifications to keep users informed every step of the way.

Erin Kim

2 years ago2/29/2024

Carta Insights

What’s new?

We are introducing a new page available to Launch customers - Carta Insights. This page will provide both education and data that we believe will be helpful to Founders as you build your company.

The information we’re including today is built around compensation. Carta Insights will provide you with:

How can I access the Carta Insights?

  1. Select “Carta Insights” from the side navigation bar
  2. Click on the section of Carta Insights that you would like to access

Questions?

If you have any questions about this new report, please reach out to launchsupport@carta.com.

2 years ago2/22/2024

(Early access) QSBS Attestation for individual shareholders

What’s New

You and our shareholders can  now see exactly which securities are eligible for the QSBS tax benefit on Carta. Companies who purchase a QSBS Attestation letter with Carta, can share a personalized version of their QSBS attestation letter with their individual shareholders.

For company administrators

Give your shareholders access to a personalized QSBS statement in their portfolio with one click. Log into Carta.com --> navigate to the QSBS Tax Break page --> click on 'Share QSBS Attestation'.

By selecting ‘Share QSBS attestation’, all individual shareholders will receive an email notifying them that they have a QSBS statement available for download in their portfolio. They will be able to see the statement in their portfolio on Carta.

Sample email that will be sent to individual (or direct) shareholders

For individual shareholders with QSBS eligible securities

When viewing your portfolio on Carta, you will see a banner on top of any company that you hold QSBS eligible securities. If your company has shared the QSBS attestation with you, you will be able to download the statement directly from the main portfolio page.

If you hold securities that may be QSBS eligible - you will also see two new sections on your holdings page:

  1. QSBS Tax Benefit tile that will show you

  2. Number of shares that are QSBS eligible today

  3. Number of shares  that will be QSBS eligible when the holding period requirement is met

  4. Maximum tax savings amount based on your cost basis in the securities

  5. If shared by your company administrator, a link to download and view your personalized QSBS statement.

  6. Table of QSBS eligible securities that shows:

  7. Security label

  8. Purchase date

  9. QSBS Eligibility status

  10. Link to your personalized QSBS statement if shared by your company

In addition to the new sections in the holdings page, your certificates on Carta will have a new section for QSBS status and the QSBS Attestation.

Personalized QSBS statements

The QSBS statement will show you a personalized snapshot of the QSBS eligible securities you hold as of the download date. The PDF can be used to share with your tax or legal advisors when going through the sale of your shares or discussing your personal situation. The QSBS statement will only be available to individual holders in this release, and not investment firms.

Disclaimer:

eShares, Inc. DBA Carta, Inc. does not provide tax, accounting, or legal advice. You are advised to consult with your tax, accounting, or legal advisors regarding any financial, tax or legal implications of exercising your options or selling any shares.

Learn more about how Carta can help you with QSBS

If you or your company would like to learn more about how Carta can help you take advantage of the QSBS tax break, or check out our announcement: https://carta.com/blog/introducing-qsbs-attestation/

Jordan Agnew

2 years ago2/21/2024

Equity Reporting Suite: Equity Plan Report

What's New?

Carta has revamped the Equity Plan report – consolidating key information from different reports, and adding brand new, highly requested functionality. This update provides a comprehensive overview of your equity landscape via summary figures, the ability to tie the change in values over a period via baked-in formulas, and granular security-level details.

What does the report contain?

Base version:

Optional add-ons when exporting:

How can I access it?

You can download the new Equity Plan report from your Carta company account by navigating to Essentials > Run reports > Equity plan, or by going to Cap Table > Run reports > Equity plan.

Where can I learn more?

For more information on Carta's new Equity Plan Report, please refer to our dedicated support article. Additionally, you can find details on exporting reports in general on our support site.

Will WD

2 years ago2/13/2024

Compensation Summary report

What’s new?

We are introducing a new interactive report – the Compensation Summary report. Users can now see a complete view of employee salary and equity spend by by Job Area, Track, or Location and evaluate headcount costs to market targets for these groups.

How can I access the Compensation Summary report?

  1. Navigate to the Reports page in Carta Total Compensation
  2. Navigate to the “Compensation Summary report” tile and click “View report”
  3. The interactive report will open

How do I use the Compensation Summary report?

With the Compensation Summary report, you can view employee salary and equity spend grouped by Job Area, Track, or Location in a table view. Any datapoint that is +/- 10% of the market benchmark will display in red. The Compensation Summary report provides several summary insights including:

Summary insights take into account only employees with complete information and eligible benchmark targets. Users can export their Compensation Summary report to share and use in reporting.

Questions?

If you have any questions about this new report, please reach out to your Customer Success Manager.

2 years ago2/9/2024

Equity Reporting Suite: IPO Reports Bundle

What's new?

An IPO demands meticulous preparation to ensure a company’s governance, finances, and internal protocols   comply with the high regulatory standards for selling shares to the public. The journey to listing day often takes months or years, with the most arduous and time consuming part of the process being the financial and cap table audit.

Recognizing the critical need for thorough preparation, Carta now offers a comprehensive bundle of IPO readiness reports. This streamlines the preparation required for the audit and S-1 drafting by consolidating applicable reports in one location and allowing a one-click bulk download.

What does the bundle contain?

The IPO Reports Bundle packages three different sets of IPO relevant reports: Equity Reports (security and stakeholder specific information), Valuation Reports (all 409A valuations during the company's lifecycle with Carta) and Financial Reports (stock-based compensation expense and minimum disclosure reports).

How can I access it?

You can find the IPO reports bundle from your Carta company account by navigating to Essentials > Run Reports, or by going to Cap Table > Run reports.

Where can I learn more?

For more information on Carta's IPO reports bundle, please refer to our dedicated support article. Additionally, you can find details on exporting reports in general on our support site.

If you have questions about other ways Carta helps our customers prepare for an IPO, please refer to our IPO Readiness Guide and Checklist.

Will WD

2 years ago1/30/2024

Quarterly benchmark refresh - Q1 2024

What’s new?

We have updated salary, total cash compensation, and equity benchmarks for all job areas and specializations.

Benchmark Trends

Since our last quarterly refresh, we’ve seen an increase in the number of companies and employee records in our data set, with the largest influx among higher valuation companies. As a result, some benchmarks saw slightly larger changes compared to previous releases.

In aggregate, salary and total cash compensation benchmarks are flat to slightly higher than our last release. Salaries increased more for higher valuation companies. Similar to previous updates, specialization level data continues to change more than the broader sample, as sample sizes for these roles are smaller than job area level data.

Equity benchmarks are flat in aggregate, showing a slight downward trend from last quarter’s 1% increase. Looking at equity trends by valuation, equity benchmarks are flat overall for most peer groups but have declined by about 3% for companies with valuations greater than $1 billion.

What were the largest areas of movement from these benchmarks?

Salary - Salary benchmarks for most job areas and specializations are within 2% of last quarter’s data. The Administrative job area has increased by 4%, while CEO salary benchmarks have decreased by 4%.

Equity - Human Resources equity benchmarks have increased 7% overall following a 3% decrease in last quarter’s benchmarks. Three specializations saw the largest decrease in equity benchmarks (5-6%): Web Engineer, AI/ML Engineer, and Account Executive. All other roles saw increases/decreases within 3-4% of last quarter.

How do I update my benchmark version?

Questions?

If you have any questions about these new benchmarks, please reach out to your Customer Success Manager.

2 years ago1/3/2024

Corporate Transparency Act Reporting

What’s new?

Carta Launch companies can now complete their Corporate Transparency Act report directly in Carta.

What is the Corporate Transparency Act?

The Corporate Transparency Act is a new Law that came into effect on 1/1/2024 that requires companies to report their company and ownership information to the Financial Crimes and Enforcement Network (FinCEN). Many companies registered or doing business in the US are required to comply within 90 days of incorporation and provide continuous updates whenever the company or ownership information changes.

Why is it valuable?

Non compliance with the Corporate Transparency Act has both civil and criminal penalties for companies and their owners. Carta helps simplify the filing process using your data that’s already on Carta.

Who is this product available to?

This is currently only available for companies that are incorporated on or after January 1, 2024 and are using Carta’s free Launch product but it will be made available to all companies in mid 2024.

How does it work?

  1. Navigate to the CTA reporting page under the Compliance & Tax tab
  2. Review and verify the pre-filled company and ownership information
  3. Provide any missing information (e.g owners or company applicants)
  4. Submit your Corporate Transparency Act report

Where can I learn more?

Additional information about CTA and how Carta can help you comply can be found here

Leah Rodriguez

2 years ago1/2/2024

Carta Liquidity: Model Your Tender Offer Transaction

What’s New?

Carta’s Tender Offer Transaction Model report makes it easy to get ready for a tender offer transaction. By directly integrating with your cap table, this report allows you to model stakeholder and security eligibility ahead of a secondary transaction.

How does it work?

The Tender Offer Transaction Model allows companies to create personalized tender offer scenarios based on:

  1. Your cap table data as of a selected vesting date
  2. Eligible share class, equity types, and option types
  3. Participation caps by stakeholder relationship groups
  4. Share or dollar caps by individual stakeholders

The ability to configure these inputs will help answer important size and eligibility considerations as you contemplate and prepare for a transaction.

The report will show you summary statistics of participant counts, maximum share amounts, and maximum dollars by participant group.

Who is this available for?

All Carta Cap Table customers.

How do I access it?

  1. Log into Carta
  2. Click on Essentials > Run Reports
  3. Select Tender Offer Seller Model
  4. Select a record date for which all vested totals will be calculated as of
  5. Export

You’ll receive a notification once the download is complete, and will receive an Excel spreadsheet with live calculations.

If you’re interested in learning more about liquidity, please reach out to company_coverage@cartacapitalmarkets.com or your account manager.

Matt Tsui

2 years ago12/15/2023

Carta Liquidity: Track Options in Your Portfolio

What’s New?

Option holders can now see the value of their vested, unexercised options using market prices based on our proprietary Reference Price Range. With just a quick look, option holders can also see potential gains from the exercise and sale of options in their portfolio on Carta.

Interested in realizing the gains in exercising and selling your options? Click on the Sell button to start the process of exercising and selling your shares.

What metrics are available and how are they calculated?

Options are displayed alongside any other equity shareholders have in their portfolio for a given company. See our previous release note for the full list of portfolio metrics.

Value of shares: Value of shares at the mark. Calculation: Mark * Shares

Learn more about how options are taxed

How does it work?

You can view and identify to a Carta representative how many shares underlying your options you’d like to sell on Carta:

  1. Log into Carta’s Secondary Marketplace.
  2. View your holdings on the “My holdings” tab.
  3. Click on the “Sell” button to submit your indication of interest to sell your holdings.
  4. Identify the number of options you’d like to exercise and then to sell on the modal.

Who is this available to?

This is only available to Carta Liquidity customers. At this time, only Accredited Investors who qualify as Institutional Accounts can purchase securities and only Accredited Investors can sell securities via Carta Liquidity.

If you’re interested in learning more about Carta Liquidity and get access to the platform, please reach out to investor_coverage@cartacapitalmarkets.com or your account manager.

Disclaimer: Carta, through its wholly owned broker-dealer subsidiary, Carta Capital Markets, LLC, offers a streamlined experience for executing pre-negotiated stock transfers, tender offers, and other secondary liquidity transactions. Carta Capital Markets, LLC is a member of FINRA/SIPC.

The mark displayed by Carta does not represent an executable price or bid/ask spread and does not reflect any market premium/discounts. The fair market value or executable price, if any, for any security may be higher or lower than the provided price. Many unregistered equity securities are subject to transfer restrictions that may limit transfers at any price.

The mark, Reference Price, and Reference Price Range are not investment advice or a recommendation to transact at any price and should not be your primary basis for determining the value of any security.

Adrian Facini

2 years ago12/11/2023

Qualified Small Business Stock (QSBS) dashboard

What’s New

Companies that subscribe to the QSBS service will see a new QSBS Tax Break page in their Carta account. The page shows your company's current QSBS status and attestation letter. You can also book time with a Carta QSBS expert on the page directly, and view historical QSBS letters.

What do I need to do?

This page is available to users with Full Access or Company Edit access. Users can navigate to the page for their Company by scrolling to the bottom of the menu and selecting `QSBS Tax Break`.

If you have any questions reach out to your assigned Carta account team or tax@carta.com to learn more!

Jordan Agnew

2 years ago12/1/2023

Flash 409A for early stage companies

What’s new?

Eligible early stage companies will now automatically receive a new draft 409A report the day after their previous one expires.

What’s important about this change?

By automatically sending you a draft of your 409A, we’re removing the need for customers to manually request a new 409A. You will have the opportunity to review and request changes before the new valuation takes effect.

How does it work?

Carta will draft your report using your Carta cap table information and broader market data of similar companies within the same industry, stage, and size. This allows us to provide an accurate and defensible fair market value (FMV) for use when issuing or exercising options.

On the day following expiration and if you have not already submitted a request for an updated valuation, Carta will prepare a valuation and send you a notification once the 409A draft is ready for review. You will also see a new task appear in your company dashboard.

What do I need to do?

All you need to do is review and accept the new FMV. The new FMV will be applied to your account after acceptance.

It is important to note that we assume the following when performing our analysis:

If any of these assumptions are incorrect, or if you have questions about your report, contact the Carta Valuation team at 409a@carta.com before accepting your new 409A so we can make adjustments to your concluded FMV.

Who is it available for?

Corporations that have 409A in their subscription and meet the following requirements:

In addition, our valuation analysts will conduct individual reviews before sending a draft.

How do I learn more or get help?

Contact the Carta Valuation Team at 409a@carta.com, or from the 409A ledger in your Carta account.

Customers can learn more about Flash 409A here.

Stephanie Wittrock

2 years ago12/1/2023

Carta Liquidity: Track Your Portfolio’s Performance

What’s New?

Shareholders can now see the value of their holdings using marks based on our proprietary Reference Price Range. With just a quick look, shareholders can view their unrealized gains, multiple of invested capital, and the rate of return of their portfolio holdings on Carta.

Interested in locking in unrealized gains or closing out a position shown in the red? Click on the Sell button to start the process of selling your shares.

What metrics are available and how are they calculated?

Learn more about the taxes associated with stock sales

Learn more about MOIC

Learn more about IRR

How does it work?

You can view and identify to a Carta representative which holdings you’d like to sell on Carta:

  1. Log into Carta’s Secondary Marketplace.
  2. View your holdings on the “My holdings” tab.
  3. Click on the “Sell” button to submit your indication of interest to sell any of your holdings.

Who is this available to?

Adrian Facini

2 years ago11/20/2023

Carta Liquidity: Track Secondary Marketplace Updates

What’s New?

Carta Liquidity now highlights recently updated key information to help investors stay informed about market changes.

In Carta’s Secondary Marketplace, you can now view and sort by recently updated bids, asks, our proprietary Reference Price Range, and funding rounds.

How does it work?

You can view the latest updates to the marketplace:

  1. Log into Carta’s Secondary Marketplace.
  2. Click the “Browse” tab to browse the latest updates to the marketplace .
  3. Sort by the most recently updated orders or Reference Price Ranges, as well as latest funding rounds using the sort options on the top right of the screen.

Who is this available to?

Ashley Haber

2 years ago11/17/2023

Funding SAFEs via ACH for Investors

What’s new?

This new release gives investors the choice to fund SAFEs online via ACH. By choosing this option investors can quickly fund SAFEs in one-click.

Why is it valuable?

Direct online funding is the preferred choice for most investors due to improved security, reduced manual entry errors, and hassle-free transfers. But prior to this release, the choice of the method of funding was exclusively made by the company.

How does it work?

After signing the SAFE, an investor will be provided with two choices:

  1. They can add their bank account securely via Plaid or manually to Carta. This is a one-time setup.

  2. They can choose to fund via wire, and they will be shown the wire details provided by the company.

  3. Once the funds are received, the SAFE is issued.

  4. If funding is via ACH, Carta automatically issues the SAFE as soon as the funds are received.

  5. If funding is via wire transfer, the company needs to indicate when funds have been received in Carta, and the SAFE will be issued.

Shubhi Nigam

2 years ago11/13/2023

Improved Exercised and Settled Report

What’s new?

Carta has revamped the Exercised and Settled report. The report, used to reconcile exercises, settlements and sales recorded in Carta, now runs from our new reporting engine and comes with improvements and new fields:

Who is this available for, and how do I access it?

This is available for company admins with Full Access, Company Editor and View-Only permissions, and can be accessed by going to your company account, navigating to Cap Table > Run reports, and selecting the Exercised and Settled report.

Will WD

2 years ago11/7/2023

Variable Commitments for Funds

What's new?

GPs can now set a capital commitment range for LPs when closing into their fund.

What’s important about this change?

Providing a commitment range gives LPs the flexibility to adjust their investment amount during the closing process. And it gives you the ability to provide a custom closings experience for each investor, from individual to institutional.

How does it work?

Set a commitment range in Carta Closings, before inviting your LPs to close. You can set one range for all LPs closing into your fund or custom ranges for each individual LP.

LPs will be asked to enter a final commitment amount from the range given before they begin the closings process. This will give your LPs the opportunity to decide how much they want to commit when closing into your fund.

Once the LP enters this amount, you will receive a notification with the final committed capital amount.

How do I learn more?

Reach out to your Account Director to learn more about Carta Closings today.

Jake Hadary

2 years ago11/7/2023

Expenses on Carta - Reimbursements

What's new?

Submit reimbursements directly on Carta. Now, you can skip the back-and-forth over email and upload all the required information to set up a wire in two simple steps.

What’s valuable about this change?

Vendor payments and reimbursements are supported on Carta. From the moment you initiate a reimbursement to when your wire is set up, you can track its progress from anywhere, at any time. Plus, you can maintain your operational cadence and submit invoices to Carta in bulk.

What do I need to do?

  1. Log into your Carta account and click Initiate a payment in your Quick Actions list
  2. Select Reimbursements and Start
  3. Upload the invoice and indicate which bank account to make the payment from
  4. Submit the expense and get an instant progress tracker for your wires

How do I learn more or get help?

Get in touch with your Account Manager or talk to one of our representatives today.

2 years ago11/7/2023

Company dashboard update

What’s new?

Carta has revamped the dashboard page for administrators on their cap table. The dashboard now acts as a central hub that consolidates tasks and recommendations across the cap table to help admins understand what needs their attention at the right times.

Who is this available for?

Company admins with Full Access or Company Editor permissions can see the dashboard page in their company’s cap table view.

How does it work?

Log into your Carta account and navigate to your company. The dashboard is the first page you arrive at and can also be accessed through the left-side navigation panel.

Your Tasks

The ‘Your Tasks’ section outlines all to-do items that you can perform for this company.

Tasks found here may also be found on the main Tasks page, but also include additional action items that must be completed to ensure your company’s cap table is compliant, accurate, and up to date.

For certain tasks, upon click you’ll be navigated to a dashboard sub-page to complete the action. Example below:

If there are no outstanding tasks, we’ll let you know that you’re all caught up. New tasks will appear over time as needed.

Recommendations

Recommendations are helpful cards that appear below ‘Your Tasks’ in the dashboard.

Recommendations highlight information that helps you stay up to date with time-sensitive tax savings, Carta tools that can speed up and simplify cap table management, and insights into employee vesting schedules to help retain talent.

2 years ago11/2/2023

Carta Liquidity: Implied Valuations

What’s New?

Carta Liquidity now displays the implied valuation for all price-per-share values in our Secondary Marketplace.

The most frequently asked question from investors is: "What does that price per share represent in terms of valuation?" Our Secondary Marketplace now provides the implied valuation on live orders, and for our proprietary Reference Price Range. Additionally, users can see a live calculation of the implied valuation when entering an indication of interest.

How does it work?

You can view implied valuations for price-per-share values on Carta:

  1. Log into Carta’s Secondary Marketplace.
  2. Click the “Browse” tab to view the valuation information associated with the best priced orders on Carta and our proprietary Reference Price Range.
  3. Click the “View company details” on a company to view the valuation information associated with all other orders for that company on Carta.

You can submit indications to buy or sell shares on Carta:

  1. Log into Carta’s Secondary Marketplace.
  2. Click on the “Sell” button on the Sell tab to submit your indication of interest to sell any of your holdings.
  3. Alternatively, click on the “Buy” button on the Buy tab to submit your indication of interest to buy shares of a company.
  4. In either case, when entering the “Target price per share” to sell or buy at, an implied valuation of your target price will calculate live.
  5. If you don’t see supply in a company you’re interested in, submit an indication of interest to buy on the "Browse" tab

Who is this available to?

Ashley Haber

2 years ago11/1/2023

U.S. national average geo-adjustments

What’s new?

You can now use benchmarks that are adjusted to reflect US national average pay levels. This new feature allows you to use an accurate, standard, and uniform approach when setting a compensation framework for your company. You can view and use the US national average by:

  1. Viewing Benchmarks at the US national average pay level
  2. Setting your Compensation Plan at the US national average pay level

How can I review US national average geo-adjustments?

US national average benchmarks are available to review on the Benchmarks page by following these steps:

1. Navigate to the “Benchmarks” page

2. In the Location selection drop-down, users can select “All US locations (national average)”

How can I use the US national average in my compensation plan?

If your location-based compensation strategy targets compensation for all employees at the US national average, you can follow these steps to build that into your Compensation Plan

  1. Navigate to “Compensation plan” on the top nav.
  2. Navigate to “Location-based pay”
  3. Under “USA Adjustments” select “Pay everyone the same regardless of location”
  4. Check the box labeled “Use national average”

Questions?

If you have any questions about US national average geo-adjustments, please reach out to your Customer Success Manager.

2 years ago10/31/2023

New compensation benchmarks for HR, Marketing, and Manufacturing roles

What’s new?

Our benchmarks now support one new job area and two new specializations:

Note: The sample size for new benchmarks are generally smaller than existing benchmarks, which could result in data volatility as we continue to update the data and grow our overall sample size.

How do I see benchmarks for the new roles?

You can view benchmarks for the new roles by:

Visiting the Benchmarks page and selecting “Manufacturing, “Human Resources, or “Marketing” under Area. Within “Human Resources” and “Marketing”, you can select any of the new specializations by selecting the Specialization dropdown.

This will allow you to view compensation benchmarks for levels 1 - 8 for these new roles

The above process can be followed for each of the new benchmarks.

How do benchmarks for the additional benchmarks affect the Employee Scorecard?

The compa-ratio is a quick way to compare an employee's compensation to your plan's target rate for a given job area, level, and location. The compa-ratios for an employee assigned to the new benchmarks will now be calculated using the target compensation for the new benchmarks.

How do I update my benchmark version to use new data?

You can preview the new benchmarks on your Scorecard by navigating to the Benchmarks page and clicking on the "Preview benchmarks" bubble in the top left.

Questions?

If you have any questions about the new data, please reach out to your Customer Success Manager.

2 years ago10/31/2023

Submit reimbursements with a snap of a picture

What's new?

Fund managers can now submit reimbursements on Carta Carry.

What’s important about this change?

Gone are the days of holding on to crumpled receipts or combing through credit card statements at quarter’s end to submit for reimbursement.

Now, we’ve streamlined expense management right from your phone. Easily submit a reimbursement in real-time by snapping a picture of the receipt and uploading it in one place.

How does it work?

Tap Submit Reimbursement, then select Add Receipt. You can select to take a picture, choose a photo from your photo library, or upload a file.

Then select the paying entity and where the reimbursement should go. Add any additional information your fund administrator should know when processing this expense, then tap Submit Request.

Don’t have Carta Carry?

Eric Morelli