Slice's "Global Equity Assurance Platform" allows finance teams to create, issue, track, and monitor equity awards while complying with regulations in the areas their employees reside. The tool already contains data on 23 countries’ regulations, with a target of 100 by the end of the year. For employees, Slice offers a chatbot called “MySlice Chat” that they can query with questions about their equity. The platform integrates with various workplace apps used by finance teams, enabling them to handle tasks that would typically require months of work in just minutes.
Key takeaways:
- A new startup, Slice, has emerged with $7 million in seed funding to offer an automated solution for global equity management for both company finance departments and the employees they serve.
- Slice introduces an AI-powered global equity platform designed to simplify the process of issuing equity while ensuring compliance with local laws and optimizing tax benefits.
- The tool already contains data on 23 countries’ regulations and aims to have data on a total of 100 countries by the end of this year.
- For employees, Slice offers a generative AI powered chatbot called “MySlice Chat” that they can query with common yet individualized questions about their equity.