A robust and secure portal that simplifies every process of Employee Share Declaration from administration to vesting of shares.
Shares offer a way to reward employees in addition to their basic pay. Employees may also acquire shares or share options under employee share schemes. This case study is about a scalable system that is used in the process of Employee Share Declaration from administration to vesting of shares with support for multiple tenants.
Our client is a global food and agri business giant with worldwide customers. Our client
serves more than 25,000 customers across 60-plus countries.
Outside of the wages and salaries, one common method of compensating employees in today's
corporate environment involves the purchase of company stock. This is proven to increase
employee engagement and help companies grow and become more profitable. So, our client
too wants to capitalize on the scheme.
This brings the next important point – Execution. Even the best benefits can be
perceived poorly if they’re not implemented properly.
The current legacy system is incompatible with newer systems and has weakening
Also, our client has re-organised his business into 3 distinct operating groups
and wants to handle the employee share declaration portal independently for each
operating group. The legacy system has design limitation and cannot be enhanced to
handle all the groups.
We, at Coherent, focused on developing a robust system that can simplify every
process of Employee Share Declaration from administration to vesting of shares.
We have designed a scalable system that can easily adapt to future enhancements.
And since our client has re-organised to distinct operating groups, our
challenge is to support these groups using a single instance of software. For
this we adopted muti-tenancy approach.
With Multi-tenancy, a single instance of the software and its
supporting infrastructure serves among distinct user groups(tenants).
Each user group has a separate and isolated database and each tenant's data
remains invisible to other tenants.
Our next challenge was to migrate data from older database to the new
one. Since data we are dealing with is very sensitive and cannot be shared, we
analysed the design of legacy system carefully and developed an application
which enables database administrator to port the data to new system.
We have also used data encryption/decryption and other security features
built-in to secure sensitive data.
Multiple reports can be generated using multiple search options which
can be downloaded in excel and pdf format.
Our web-based platform is used to capture the employee’s securities (shares) and
their global holdings. Other benefits include:
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