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ShareForce Reviews & Product Details

Koos N.
KN
Unit Manager Total Reward
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about ShareForce?

We are a multinational mining company with operations on 5 continents. We are also listed on multiple stock exchanges around the world.

The ShareForce tool has been instumental in simplyfing our Incentive administration and reporting process (IFRS / SOX). We currently have approximitly 300 end-users that have access to the platform.

We have particularly enjoyed being able to customise the user experiance in line with our brand, and being able to cater through the system for the various different schemes within our business.

I can confidently say that the Shareforce team goes the extra mile, having personally put them under pressure to implement a new scheme in a very short time span (thanks again guys!).

If you are in the market for a Incentive Management tool, I highly recommend using Shareforce.

Koos Review collected by and hosted on G2.com.

What do you dislike about ShareForce?

None; and i know the team is ready to support should anything go wrong. Review collected by and hosted on G2.com.

What problems is ShareForce solving and how is that benefiting you?

Administration, internal process alignment, reporting (SOX & IFRS), Communication to end-users. Review collected by and hosted on G2.com.

Response from Yvonne Baer of ShareForce

Thank you Koos for your glowing review! We really appreciate your business :)

ShareForce Overview

What is ShareForce?

ShareForce is a comprehensive software solution designed to assist organizations in managing, administering, accounting for, and reporting on various equity and cash incentive plans. This platform caters to a diverse range of businesses, from private companies implementing deferred bonus plans to growing enterprises preparing for an initial public offering (IPO) and publicly listed companies issuing performance shares to retain talent. By consolidating these functions into a single, user-friendly interface, ShareForce streamlines the incentive plan lifecycle for all stakeholders involved. The target audience for ShareForce includes human resources professionals, finance teams, and executive management across different sectors. Companies of varying sizes can benefit from its capabilities, whether they are looking to enhance employee engagement through incentive programs or ensure compliance with regulatory requirements. ShareForce is particularly valuable for organizations that require a robust system to manage complex equity compensation plans, as it simplifies the intricacies of tracking and reporting. Key features of ShareForce include its advanced technology that facilitates real-time data management, automated reporting, and seamless integration with existing HR and financial systems. Users can easily access detailed insights into their incentive plans, enabling informed decision-making and strategic planning. Additionally, ShareForce offers specialized support services, ensuring that clients receive hands-on assistance throughout the implementation and ongoing use of the platform. This combination of technology and support empowers organizations to navigate the complexities of incentive plan management with confidence. The benefits of using ShareForce extend beyond mere efficiency. By providing a centralized solution for incentive plan administration, organizations can reduce the risk of errors and enhance compliance with financial regulations. The platform's reporting capabilities allow for greater transparency and accountability, fostering trust among employees and stakeholders alike. Furthermore, ShareForce’s ability to adapt to various incentive structures means that companies can tailor their plans to meet specific organizational goals, ultimately driving employee performance and retention. In a competitive landscape where attracting and retaining talent is crucial, ShareForce stands out by offering a holistic approach to incentive plan management. Its blend of innovative technology and dedicated support ensures that organizations can effectively implement and manage their incentive programs, making it an essential tool for companies aiming to optimize their compensation strategies.

ShareForce Details
Product Website
Languages Supported
English
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Product Description

A world-leading web-based platform that brings automation and simplicity to managing your equity or cash-based employee incentive plans.

How do you position yourself against your competitors?

ShareForce consists of a powerful combination of tools that assists listed companies to store, value, test and design, account for (and expense), and report on almost any incentive scheme including Share Appreciation Rights, Performance Share Plans, Forfeitable Share Plans, Phantom Share Schemes, Restricted Share Plans and many other variations.

Many hours are spent by finance and remuneration departments within companies on trying to manage their incentive schemes as well as time and money spent on external valuation specialists and consultants. ShareForce incorporates all the complex rules of International Financial Reporting Standards (IFRS 2) and will alleviate the stress, time, and costs that come with managing your schemes.


Seller Details
Company Website
Year Founded
2015
HQ Location
London, England
LinkedIn® Page
www.linkedin.com
41 employees on LinkedIn®
Description

ShareForce is an online, cloud-based solution that brings all share scheme management tasks into one application. ShareForce consists of a powerful combination of tools that assists listed companies to store, value, test and design, account for (and expense), and report on almost any incentive scheme including Share Appreciation Rights, Performance Share Plans, Forfeitable Share Plans, Phantom Share Schemes, Restricted Share Plans and many other variations. Many hours are spent by finance and remuneration departments within companies on trying to manage their incentive schemes as well as time and money spent on external valuation specialists and consultants. ShareForce incorporates all the complex rules of International Financial Reporting Standards (IFRS
) and will alleviate the stress, time and costs that come with managing your schemes. Take control of your incentives by using our fully integrated solution.


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Overview Provided by:

Recent ShareForce Reviews

Verified User
A
Verified UserEnterprise (> 1000 emp.)
5.0 out of 5
"Versatile platform backed by great client service"
The platform is really flexible. It allows us to basically customise any type of grant. This is a huge step up from the previous platform that we...
Verified User
A
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Shareforce: The easier way to manage employee share plans"
The team are excellent. They have a strong knowledge of accounting for employee share plans with a range of performance hurdles. The implementati...
Koos N.
KN
Koos N.Enterprise (> 1000 emp.)
5.0 out of 5
"A Excellent & Dynamic Incentive Management Tool! Highly Recommended!"
We are a multinational mining company with operations on 5 continents. We are also listed on multiple stock exchanges around the world. The Shar...
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ShareForce Media

ShareForce Demo - 100% IFRS 2 and GAAP compliancy
ShareForce guarantees the utmost compliance with complex accounting standards for cash or equity-settled plans with performance conditions. Create accounting reports instantaneously, incorporating estimated attrition, staff movements, actual forfeits, and accelerations. Generate income statement ...
ShareForce Demo - Modern and mobile friendly
Provide your staff with a simple, modern, secure and easy-to-use online tool that is accessible anywhere. The enhanced participant experience drives positive employee behaviour and performance by allowing staff to view their stake in the company and understand their potential wealth under various...
ShareForce Demo - Audit-ready, all the time
Instantly test and perform complex plan valuations for almost any equity, phantom or case-settled incentive plan using our powerful valuation tool. Generate audit-ready, IFRS or GAAP compliant valuations reports detailing methodologies, inputs and assumption at the click of a button.
ShareForce Demo - Hassle-free migration
We have a tried and tested methodology for migrating share and incentive plan data and implementing our solutions. Our dedicated migration team of data specialists will take care of all the heavy lifting and data transfers to get you up and running smoothly within estimated timelines.
ShareForce Demo - Design, test and create
Design and test almost any equity, phantom, or cash-based incentive plan, from basic retention awards to a wide variety of complex performance-driven plans across the reward ecosystem. Formulate plans to suit your incentive strategy, whether your company is listed or privately owned.
ShareForce Demo - Optimise your plan administration
ShareForce's integrated technology removes the complexities and manual aspects of managing your administrative processes. ShareForce helps your maintain all your participant information and award activity, prepare new award issues, vest your awards timeously and monitor and track the full settlem...
ShareForce combines industry leading technology with specialised hand-on service
Play ShareForce Video
ShareForce combines industry leading technology with specialised hand-on service
ShareForce makes share plan administration simple
Play ShareForce Video
ShareForce makes share plan administration simple
ShareForce automates your processes making it easy to issue awards, vest your awards on time, perform vesting calculations and track everything from trade to settlement
Play ShareForce Video
ShareForce automates your processes making it easy to issue awards, vest your awards on time, perform vesting calculations and track everything from trade to settlement

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38 out of 39 Total Reviews for ShareForce

4.7 out of 5
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38 out of 39 Total Reviews for ShareForce
4.7 out of 5
38 out of 39 Total Reviews for ShareForce
4.7 out of 5

ShareForce Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for ShareForceQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
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Verified User in Financial Services
AF
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about ShareForce?

The platform is really flexible. It allows us to basically customise any type of grant. This is a huge step up from the previous platform that we had which did not allow for any customisation and flexibility.

ShareForce has a wide range of functionalities that make some of our more complex cases seemed effortless within the platform. Where we would previously have a lot of manual intervention, ShareForce has taken all of that away and "things just happen". The way the system is designed and set up is excellent.

They are really agile and understand our business needs and design and will come up with solutions to accomodate us.

On top of that, their client service is excellent and their turnaround time to respond to requests is quick.

The reporting functionality is really flexible and you can basically set up any type of report you require.

The overall look and feel for the end user is great and from an admin side, there are so many functionalities that you can use to push information to the end user.

Data migration to their platform was seamless and very easy. Review collected by and hosted on G2.com.

What do you dislike about ShareForce?

Nothing, the system is excellent and works great. Review collected by and hosted on G2.com.

What problems is ShareForce solving and how is that benefiting you?

Some of our cases can be complex, however ShareForce will always have a solution and participants are able to see a holistic view of their full profile. This allows them to make informed decisions and require less intervention from an administrator side. The system is very flexible which takes away the need for manual intervention or running Excel spreadsheets on the side to ensure that all information or special cases are accounted for. Therefore reducing the risk of manual errors that might occur. Review collected by and hosted on G2.com.

Gareth F.
GF
Group Company Secretary
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about ShareForce?

The way it has stacked workflows and become a single source of truth, enabling users to be more self-sufficient and giving us greater comfort in the accuracy of our data. Review collected by and hosted on G2.com.

What do you dislike about ShareForce?

Possibly overly critical but I would love it to be more visible and easier found or picked out of a line-up. I spent a lot of time speaking to other providers, my peers and using a well-known search engine to find suitable products and it ultimately came down to an unexpected conversation with SalesForce's (very good) business development team. I'd love to see it pushed a little more in the UK and Ireland. Review collected by and hosted on G2.com.

What problems is ShareForce solving and how is that benefiting you?

This really has been a one-stop shop so let's go chronologically:

1. The migration and necessary data cleansing that the onboarding team provided was very thorough and made sure the launch was going to put us on strong footing.

2. Once this was completed, we were immediately able to avail of the IFRS2 reporting functionality as we were in the midst of our annual reporting cycle. An added bonus is the 'audit-ready' reports the system generates.

3. New plans - we now have a combination of nine financial years' of various CSOPs, LTIPs and now restricted shares. Instead of housing these differing plans across several spreadsheets everything was built in one common data environment and given it was our first time working with restricted shares, we were also able to leverage the onboarding team's industry experience.

4. User experience is crucial. My company underwent a very strong rebranding exercise and the way the team developed our bespoke branded site really helps tie our brand into our employee reward and ultimately employee ownership of the business. It's much more than a nice touch! Plan participants really benefit from seeing all of their awards in one place and the value attributed to them. Previously this would have entailed cross-referencing several documents, attempting to track perfomance conditions and then the company's share price.

5. Lastly - day to day admin of exercises, joiners, leavers and document management. The automation and coding of templates saves hours if not days of documentation. Review collected by and hosted on G2.com.

Response from Yvonne Baer of ShareForce

Thank you so much for your detailed and thoughtful review! We're thrilled to hear that ShareForce has become a valuable resource for your team, acting as a single source of truth and empowering users to be more self-sufficient. We're especially glad to know that the thorough migration process and robust IFRS2 reporting have helped streamline your workflow and provided audit-ready reports during crucial periods.

Thank you for trusting ShareForce to support your equity management needs. We’re excited to continue helping your team manage both the day-to-day admin tasks and your long-term strategic goals!

See how ShareForce improved
Verified User in Real Estate
AR
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about ShareForce?

The team are excellent. They have a strong knowledge of accounting for employee share plans with a range of performance hurdles. The implementation process was really smooth. Review collected by and hosted on G2.com.

What do you dislike about ShareForce?

Nothing really. If I had to pick something its that the software caters for more complex plans and in our instance there were fields and options that werent required - it would be good if these could be hidden where not relevant. Review collected by and hosted on G2.com.

What problems is ShareForce solving and how is that benefiting you?

Integrates the independent valuation and automates the accounting journals. Review collected by and hosted on G2.com.

Response from Yvonne Baer of ShareForce

Thank you for your 5 star review. We value your suggestion and will pass on to the development team to consider. We are so glad that the implementation process was smooth. Looking forward to many more years working together.

See how ShareForce improved
RM
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about ShareForce?

The ShareForce Platform has been able to successfully accomodate all the various types of share schemes that we have currently in operation. The platform has also able to handle the large volume of employees currently on our share schemes. The Support Team also resolve our queries and any issues that may arise in a very efficient ; professional and user friendly manner. Review collected by and hosted on G2.com.

What do you dislike about ShareForce?

Nothing negative to report in respect of the Shareforce platform. Review collected by and hosted on G2.com.

What problems is ShareForce solving and how is that benefiting you?

The ShareForce platform is used by the Share Scheme Administrators to efficiently administer the various types of share schemes in operation and also by the Employee Share Trust Accounting team for the accounting and costing of the share schemes. The share scheme participants are also able to log onto the platform to obtain a comprehensive view of their share scheme holdings. Review collected by and hosted on G2.com.

Response from Yvonne Baer of ShareForce

Thank you for your detailed and positive review! We’re thrilled to hear that ShareForce has been able to accommodate the various share schemes you have in operation and manage the large volume of employees efficiently. It's great to know that our platform is providing value to both your Share Scheme Administrators and Employee Share Trust Accounting team, while also giving participants comprehensive access to their holdings.

We’re also happy to hear that our Support Team has been responsive and professional in addressing any queries. Your feedback motivates us to keep delivering excellent service, and we’re excited to continue supporting your team's success!

See how ShareForce improved
CM
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about ShareForce?

Since our transition to Shareforce in 2021, the onboarding process was comprehensive and relatively easy to implement.

Over and above the practical usefulness of the system, the technical support team is well-informed and extremely efficient as I am yet to follow up on a request for assistance. The system is user-friendly and most importantly is setup to produce accurate and reliable financial reports.

The accounting report output allows for seamless integration with our ERP system which means recording journal entries is a simple process of linking one report to a standardized journal upload template and attaching the accounting report as journal support which is efficient for audit purposes. The format of output reports also allows for easy manipulation to facilitate dynamic data analysis which drives key decision making in the context of ensuring that the financial considerations surrounding our employee incentive plan rules are economically viable.

We also make frequent use of the system's agility to model reports for budget and forecast purposes.

The digital trail that is recorded in Shareforce allows for tracing changes in the system by user and timestamp which is critical from a governance and compliance perspective.

The ability to generate and retain grant valuation reports based on current market and non-market data in the Shareforce system is another reassuring feature that is key from a data validation point of view.

The system is reliable and accessible at all times which provides stability across our monthly reporting cycles and interim & yearend reporting periods. Review collected by and hosted on G2.com.

What do you dislike about ShareForce?

I have been using Shareforce for 3 reporting periods and have yet to identify dislikes about the system. Review collected by and hosted on G2.com.

What problems is ShareForce solving and how is that benefiting you?

Shareforce helps me by eliminating the maintance of multiple manual spreadsheets and inputs which reduces error rate and time spent preparing data before use in our financial reporting value chain. Review collected by and hosted on G2.com.

Response from Yvonne Baer of ShareForce

Thank you so much for your detailed and thoughtful review on G2! We’re incredibly pleased to hear that your transition to ShareForce in 2021 was smooth and that our system has been instrumental in streamlining your processes. It’s great to know that our user-friendly platform, accurate financial reports, and seamless ERP integration have brought such value to your reporting cycles, governance, and data analysis.

We’re especially glad to hear that the audit support, dynamic data analysis, and report modeling features have made a significant impact on your employee incentive plan management. Your feedback about the digital trail for governance and compliance is especially important to us, as we strive to ensure both security and efficiency for all users.

See how ShareForce improved
RB
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about ShareForce?

ShareForce have been absolutely amazing to work with. The entire team have been incredibly efficient and friendly. They understood our needs, the scheme and nothing was too much for them to find a solution to. Implementation was easy and seamless. The customer support has been brilliant with email responses within minutes to any queries.

I have dealt with and managed a number of 3rd party providers over numerous years. I haven't experienced a more professional outfit than ShareForce. Their offering is amazing and more than meets our needs. The ability for participants to log into their accounts, view relevant information at their fingertips is a feature and function of ShareForce which wasn't available prior to moving to ShareForce. The ability for an electronic footprint to be recorded and maintained on any transaction is a massive relief ensuring from a risk and audit, and good governance perspective, that we are compliant, and all activity is recorded.

Our ability as a company to pull reports for annual reporting ad financial requirements has also been useful. Where we have had a need a rise, the ShareForce team have been agile and responsive to our needs. Review collected by and hosted on G2.com.

What do you dislike about ShareForce?

Nothing at this stage. The product offering delivers what we wnated. An area of improvement would be to have an App. Review collected by and hosted on G2.com.

What problems is ShareForce solving and how is that benefiting you?

Managing the adminstration associated with a share scheme. This was massivly onourous and time dependant and ShareForce have ensure that the ease and timous administration of our share scheme achieved. Review collected by and hosted on G2.com.

JL
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about ShareForce?

Very self intuitive, you do not need to be tech savvy to use the application Review collected by and hosted on G2.com.

What do you dislike about ShareForce?

none so far, even the users do not have any negative feedback Review collected by and hosted on G2.com.

What problems is ShareForce solving and how is that benefiting you?

We used to record and monitor employee grants via a spreadsheet which is very prone to error and does not give grantees a view of their shares. With ShareForce it addresses both concerns and our finance folks are able to do valuations and reporting much easier Review collected by and hosted on G2.com.

Response from Yvonne Baer of ShareForce

Thank you for your fantastic review! We're so glad to hear that you find ShareForce intuitive and easy to use, even without a technical background. It's great to know that both you and your users are having a positive experience.

We're especially pleased that ShareForce has helped eliminate the challenges of managing employee grants via spreadsheets, reducing errors and improving visibility for grantees. It's wonderful to hear that your finance team is now able to handle valuations and reporting more efficiently.

We're committed to continuing to support your team’s success with ShareForce!

See how ShareForce improved
MM
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic Review from User Profile
What do you like best about ShareForce?

Excellent Customer Service, always very helpful and extremely knowledgeable. We use the ShareForce platform often and it's an easy to use platform with excellent support from their staff. Review collected by and hosted on G2.com.

What do you dislike about ShareForce?

Nothing that comes to mind. Our experience has only been exceptional. Review collected by and hosted on G2.com.

What problems is ShareForce solving and how is that benefiting you?

We administator the Share Scheme at Old Mutual. The Shareforce platform has improved the administration and has been an overall game changer for us. Review collected by and hosted on G2.com.

Response from Yvonne Baer of ShareForce

Thank you for your wonderful review! We’re thrilled to hear that ShareForce has been a game changer for your team at Old Mutual and that you've had a seamless experience with the platform. It’s great to know that our customer service and support have been helpful and that you find the platform easy to use.

We're proud to provide a solution that improves share scheme administration, and we're grateful for your feedback. We look forward to continuing to support your team and ensuring your experience remains exceptional!

See how ShareForce improved
Verified User in Food Production
AF
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about ShareForce?

The Shareforce team is very efficient and nice to work with.

The tool works very well and the best solution for participants to gain access to their personal information relating to their incentives and share based grants. Review collected by and hosted on G2.com.

What do you dislike about ShareForce?

To change reports gets tricky, but the Shareforce team are always available to assist. Review collected by and hosted on G2.com.

What problems is ShareForce solving and how is that benefiting you?

We use shareforce for IFRS2 valuation purposes, as well as all communication to the participants of the share based payment schemes, as well as our short term incentive scheme.

Participants have access to the portal and can view their estimated payout of the various incentive schemes. Review collected by and hosted on G2.com.

Response from Yvonne Baer of ShareForce

Thank you for your kind words! We’re thrilled to hear that you’ve had a great experience working with our team and that ShareForce has been a valuable tool for participants to easily access their personal information related to incentives and share-based grants.

We understand that making changes to reports can sometimes be tricky, but we’re glad our team has been able to assist. Your feedback helps us identify areas for improvement, and we'll continue to work on enhancing the reporting experience.

It’s fantastic to know that ShareForce is supporting your IFRS2 valuations, participant communications, and short-term incentive scheme management. We're committed to making the participant experience seamless and are excited to keep supporting your team’s success!

See how ShareForce improved
Keamogetswe Wagile S.
KS
Board Member
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about ShareForce?

The platform is really amazing and it allows businesses to take a complex matter and simplify it, which helps speed up the reporting process. Kelly has been our primary contact and she has always been incredibly helpful and is prompt in responding to requests. This is a platform I would highly recommend to any business that has share schemes. Review collected by and hosted on G2.com.

What do you dislike about ShareForce?

Could not find anything to dislike about Shareforce. Review collected by and hosted on G2.com.

What problems is ShareForce solving and how is that benefiting you?

The complexity of accounting for different schemes. Review collected by and hosted on G2.com.

Response from Yvonne Baer of ShareForce

Thank you for your fantastic review! We're delighted to hear that ShareForce has simplified the complexities of managing and reporting on share schemes for your business. It's also great to hear that Kelly has been such a helpful and responsive contact for you—our team takes pride in providing exceptional support.

We appreciate your recommendation and are thrilled that ShareForce has made a positive impact on your reporting process. We're committed to continuing to provide the best experience possible and look forward to supporting your team in the future!

See how ShareForce improved