Cyera Provides Valuable Equity Through Slice to 400+ Employees Across the US, Israel, and Four Other Countries

Cyera, valued at over $1B, is a unicorn cybersecurity company that provides data security solutions to Fortune 500 firms. Their solution provides deep insights into data across cloud, SaaS, and on-premises environments, helping security teams understand the data in their environment, where it resides, who has access to it, address risks and protect sensitive data from leaking out.
Since its founding in 2021, Cyera has experienced rapid growth and a global workforce expansion to more than 400 employees in over five countries. Part of delivering a great experience to its employees across the globe is also offering valuable equity and owning a piece of the company's rapid success. This highlights the critical need for simple and solid equity compliance processes that can adapt to their evolving business landscape.

Equity Compliance, Tax, and Reporting Requirements in Multiple Jurisdictions

Cyera encountered challenges in managing equity grants due to its operations in Israel and the US. Their VP of Finance, Joseph Iantosca, sought a top-tier solution to streamline reporting to regulatory bodies such as the Israeli Trustee and simultaneously automate the process to enhance efficiency and address the complexities of their equity structure. The existing system, which relied heavily on Excel spreadsheets, was time-consuming. Additionally, given the company’s global footprint, Cyera needed a system that ensured compliance with international laws.

Automated and Legally Iron-clad Processes For Global Equity 

The collaboration started with a discussion between the Slice team and Joe to identify Cyera’s specific needs and challenges. This conversation highlighted the necessity for a comprehensive solution that would seamlessly integrate with the Israeli Trustee reporting system and automate compliance reporting. The Slice team showcased their platform, emphasizing its compliance automation features and capability to navigate the complexities of international equity management, addressing the challenges Cyera faced with their Israeli and US entities.
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Swift Onboarding: Leveraging Slice’s Expertise to Complete Onboarding Within 2 Weeks

Slice’s in-house team of legal and finance experts developed a customized solution to meet Cyera's needs, leveraging their extensive knowledge of global corporate laws and tax regulations. The platform’s integration with the Israeli Trustee removed the need for ongoing manual data entry and the maintenance of multiple Excel files, significantly reducing errors and saving time for Cyera’s team and their law firm. Slice’s Compliance Monitor capability now ensures that all equity transactions comply with relevant laws, providing peace of mind and significantly reducing risk.

Enhancing Employee Benefits: Mitigating Risk and Maximizing Tax Efficiency

The employee benefit aspect of Slice’s solution has also become invaluable. The platform provides customized options for managing and optimizing tax treatments across jurisdictions. This protects the company, maximizes employee benefits, and has the potential to save millions during mergers & acquisitions.

Slice's collaboration with Cyera transformed its equity management processes, making them more efficient, compliant, and beneficial for all stakeholders, impacting employees, the finance team, the legal department, C-level executives, and board members.