At Orchestra we invest continuously in our product to add new features and enhancements, many of them based on feedback from our customers and their investors, with a release cycle happening roughly every two weeks.
Here’s a summary of the key features we have released since launch. For more details on smaller enhancements or changes, please contact us.
We are excited to share that vesting templates for ESOP grants are now available. To help you save time when administering ESOP, we have created vesting schedule templates for your grants. Simply select the type of vesting schedule you would like to use, enter the details and save your template. You can then select the template you wish to use when offering grant options to an employee.
For those of you who have multiple documents to store in your Document Vault, you can now drag and drop these into folders straight from your device, making it a much smoother experience when governing how your company operates. Simply click on the document you would like to move and drag it over to the folder you would like to save it in.
For businesses with a sizeable number of shareholders, we have made it even easier for you to search and filter through your shareholders using the ‘alias’ field rather than their name. You’ll find it helpful for locating your trust shareholders by their trust name where it has been entered as an alias.
If you’re planning to raise capital soon, you’ll be pleased to know that we’ve recently introduced a new audience type ‘potential investors’ in Orchestra. You can create a specific folder as a data room, and give access to this audience where they can access secure and privileged data specifically related to the deal (please note that all associates are charged at a stakeholder rate while they have access).
Handy tip: Be sure to add in an ‘Info tile’ welcoming them onto Orchestra and directing them to the right place.
Post a message or update on a users dashboard using Info TilesA Stakeholder folder tab has ben added as a quick way to create a document folder for an individual stakeholder when you want to share documents just with them.
Admins now have the ability to save dividend distributions as drafts and to delete them. This allows you to test distributions and then remove them if required.
The language for Limited Partnerships (LPs) has been updated on Orchestra to align with the common terminology used for these entities.
A new ESOP grant letter creation tool which streamlines the grant letter process for company administrators and includes e-signing for each participant.
The investment overview dashboard has been updated to include associates and option details. It displays separate sub-menus if the investor has both investment shares and options.
Admins can now delete communications that have yet to be published. The deleted communications will be removed from the communication list.
When companies are creating a folder, the default permission has been set to “Administrators”. This prevents the accidental sharing of confidential company documents with investors.
An email notification is now sent to the Admin when the document has been completed and signed by all parties (this is in addition to the pen icon turning green next to the document in Orchestra).
Replaced "collections" with a streamlined process for the creation of document folders, including functionality to create folders for individual stakeholders.
Access to folders, documents or communications is now controlled by Administrators through the Audience Groups feature.
A new Investment overview has been added to the dashboard for stakeholders.
Shareholders will now receive a notification via email on all transactions which they are involved in.
Phase 1 of our partnership with DocuSign, that allows relevant documents (up to 5 signatures) to be signed within the Orchestra platform.
Statement of holdings are now available for company administrations to view via the shareholder list.
Create folders within folders for improved document storage.
See all shareholdings, associate details, ESOP and options for a stakeholder in one view.
Grant 'View Only' rights to your key investors so they can see an entity's full share register.
Forecasting graphs to help you visualise past and future events for different grants, along with the ability to download the option grant history and forecast, bulk import existing option grants, and apply vesting schedules historically.
SAFE (Simple Arrangement for Future Equity) added as an Associate field.
If you have investors who hold Convertible Notes, SAFEs, Shareholder Loans or other Hybrid Equity positions you can document these shareholdings.
Use this tool to easily capture required shareholder information, calculate dividend payments, and report on payouts.
Now supported as part of the Employee Share Ownership module.
All investors can now access messages you send them, even before they have completed creating their Orchestra account.
A new user interface to more easily add and manage users that can access and view an investment entity.
Record your key Director and Company Secretary details if you wish to create a separate register for these (e.g, for Australian companies).
A comprehensive module to manage different types of Employee Share Schemes including ESOP, Share Trusts and Phantom Shares.
Add information to the dashboard which investors will view when they log into Orchestra. This could include contact info, share price info or distribution information.
Request and save any information you require from your investors; ie. bank accounts, tax numbers, additional emails.
We've introduced Multi-Factor Authentication via text for secure and verified sign-in.
Extended support for exporting filtered transaction data.
See which of your stakeholders have signed up to Orchestra. (All stakeholders will receive messages you send, even if they have not joined up to the platform yet).
You can now add images to your communications, and also documents that are saved in your document vault.
Orchestra now offers access to a platform that allows private companies to run trading events where investors can participate in buying and selling their shares, creating liquidity for your shareholders.
Complete your NZ Companies Office Annual Return using Orchestra.
Download a basic shareholder continuity report highlighting changes to shareholdings on a year to year basis.
Load up multiple parties as owners of a share parcel. This means you can upload user and address details for all trust, partnership and joint holding entities.
You may need a share register report that you can easily download as a hard copy of your data. We have created a clean report you can add your company branding to for this purpose.
For investors who hold instruments such as Convertible Notes or Shareholder Loans you can document these equity positions as well as give these investors access to the investor portal for your business.
As well as updating your shareholdings you can also now update your Company Details, add a company alias and logo for Orchestra.
If you want to request a new feature or functionality for Orchestra, reach out to our team.
Orchestra is proud to work alongside Snowball Effect to help businesses succeed.
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