UBS Wealth Management Americas has added modeling and forecasting capabilities to Financials Online, the company’s web-based financial reporting and analysis tool for plan sponsor.

Financials Online supports corporate clients’ compliance with accounting rules for share-based compensation under FASB ASC 718. It also allows corporate plan sponsors to forecast future periods, including expense and earnings per share values.

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The new Financials Online Modeling and Forecasting module will let users model test grants directly in the production environment while maintaining rigid data integrity controls, the company claims.

"This streamlines the forecasting process by cutting out a cumbersome and time-consuming step. And because the module uses real-time data instead of stale data, it helps ensure that projections reflect the most up-to-date information," the company said in a statement.

UBS Equity Plan Advisory Services (EPAS) director of strategy Thierry Vo said: "The new Financials Online Modeling and Forecasting module reflects the level of innovation that can be achieved when there is strong collaboration between UBS and our clients to address a key need.

"This new capability allows plan sponsors to forecast, in real time, the financial impact relating to the cost of issuing different types and amounts of equity to their employees, as different granting scenarios are contemplated by Compensation Committees, Human Resources and Finance. Feedback from our clients has been overwhelmingly positive."

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