#Japan #Tokyo #stock options #SmartRound #startup services

SmartRound Enhances Startup Operations with SO Electronic Contract Feature

In an effort to empower startups and streamline their operations, SmartRound, a Tokyo-based company, has launched the SO electronic contract function. This innovative solution simplifies the process of creating contracts and obtaining electronic signatures for stock option allocations, promising a more efficient workflow for startups.

Introduction to SO Electronic Contract Function

The newly introduced SO electronic contract feature allows users to generate contracts and finalize electronic agreements for stock options. By integrating this with existing functionalities such as stock option visualization and automated outputs of official documents, users can manage the entire cycle of issuing, allocating, and operating stock options in a single step.

1. Automated Creation of Stock Option Contracts

When issuing stock options, companies need to quickly manage numerous contracts between the organization and its employees or executives. The SO electronic contract function offers an automated solution, allowing essential information such as names, addresses, and allocation numbers to be seamlessly inserted into contract templates. This drastically reduces the risks of human error during data entry, resulting in a more effective contract management process.

2. Optimized Electronic Contracting for Stock Options

Traditionally, using paper-based methods or generic electronic contract tools requires that company representatives sign each contract individually. This can become particularly time-consuming when dealing with numerous allocation targets. However, the SO electronic contract feature enables representatives to review and sign multiple contracts simultaneously, significantly alleviating their workload.

3. Protecting Sensitive Information

One of the major highlights of this innovation is the construction of a separate environment dedicated exclusively to stock options. This setup prevents unauthorized access to sensitive data regarding stock option allocations, ensuring that only authorized personnel can view such information without exposing it to others within the electronic contract system.

Subscription Details of SO Management SmartRound

The SO management tool is available under the professional plan tailored for startups.

• - Basic Subscription Fee: 10,000 yen per month (excluding tax)
• - Discounted Rate: 8,000 yen per month (excluding tax) for users connected with SmartRound partners.
• - Variable Fees: For the electronic signing feature, a charge of 330 yen (including tax) applies for each signing request, with the condition that the service must be part of the professional plan, and cannot be purchased independently.

The professional plan not only provides the SO management features but also includes extensive functionalities such as bilingual convening notices for board meetings and shareholders’ meetings, contributing to operational efficiency during growth stages.

For more details on SMARTROUND’s functionalities, inquiries can be made through the chat service on their platform.

Background of the Feature Expansion

Issuing stock options often requires forming individual contracts with multiple recipients, which can escalate to dozens or even hundreds as a company scales. The necessity to create and finalize many contracts within tight timeframes leads to increased stress on employees and representatives. Moreover, as stock options relate to compensation, the stakes for accuracy and confidentiality are particularly high, demanding careful handling of information.

In June 2022, SmartRound released the SO management feature to assist startups with stock options. The request for automating contract creation and incorporating electronic signature support from users has catalyzed the development of this new feature.

About SmartRound

SmartRound serves as a platform to enhance interactions between startups and investors, allowing for efficient data creation and sharing. Currently, over 7,300 startups and 4,700 investors rely on this service.

• - SmartRound Service Website: SmartRound
• - User Feedback: User Voices

Company Overview: SmartRound Inc.

Mission: To create a world where startups can maximize their potential.

• - Company Name: SmartRound Inc.
• - Location: Marunouchi North Entrance Building 9F, 1-6-5 Marunouchi, Chiyoda-ku, Tokyo
• - Established: May 30, 2018
• - CEO: Dai Sunakawa
• - Corporate Website: Corporate Site
• - Recruitment Page: Careers

Media Inquiries

For further information regarding this release or for media inquiries, please contact:
SmartRound Public Relations
Email: [email protected]