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Customer Stories Customer Stories
Equity Administration, Equity Management & Reporting

Certent’s Stock Plan Administration Team Reduces Cost and Saves Days of Work for VAALCO Energy, Inc.

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Equity Management Customer Profile

Company Name:
VAALCO Energy, Inc.

Industry:
Energy

Client:
Financial Reporting Manager

Key Result:
Enhanced data quality with reduced costs associated with maintaining its equity plan

I have nothing but good things to say about Certent administrative services. It’s a good product and top-notch service.” Sonja Loyd, Financial Reporting Manager

By improving data quality and dramatically reducing the time required for equity management, outsourcing to Certent has reduced the costs associated with plan administration at this energy firm.

 

Challenge

VAALCO was looking for a way to both save time for its internal team and improve the quality and speed of administration and reporting.

Solution

With Certent technology and administrative services, VAALCO gets the high-quality data management, reporting, and expertise they needed. The equity team there is very satisfied with the service they receive and is more productive than ever.

Results

Since outsourcing to Certent, VAALCO has benefited from better data quality and fewer errors, reduced cost and processing time, and higher team productivity. After migrating to Certent for earnings per share (EPS) calculation, Lloyd estimates that she reduced the amount of time involved from a whole day to just a couple of hours.

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