Integrations are the heart of Pave’s ecosystem. We have many direct integrations with HRIS providers which allows us to return real-time compensation benchmarks through our Benchmarking product. The integrations also power our merit cycle planning, our compensation band building, our employee total rewards products.
By making it easy for companies to provide us with their compensation information, companies can participate in our salary and equity surveys much faster than it takes to complete a traditional manual survey. As a result, Pave has been able to integrate with over 6,000 companies in just 3 years.
Over the past several months, we’ve partnered closely with the Morgan Stanley at Work team to improve our integration — making it simpler, more secure, and less time consuming to connect. With the API-based integration that’s now available, you can connect in minutes and get access to real-time equity benchmarks. Going forward, this integration provides the Benchmarking data with real-time equity updates that you have come to expect.
As a previous Senior Relationship Manager at Shareworks myself, I helped hundreds of companies manage their equity plans. I would get asked constantly for guidance on how much equity to give out. We had acquired the Option Impact platform which was the leader in cash and equity benchmarks for private companies, but it didn’t connect directly to Shareworks so it would take a while for companies to get set up and participate with Option Impact.
With Pave’s acquisition of Advanced-HR (including the Option Impact & Option Driver products) from Morgan Stanley, it made sense to finally build this connection between the Pave benchmarking tool and the Shareworks cap table system. The API integration connects Morgan Stanley at Work with Pave in a way that unlocks tremendous value for customers, in an incredibly easy method.
We are thrilled to work with Pave to bring real-time compensation benchmarking and planning to our clients. Now more than ever, clients are seeking a one stop shop for accurate and timely information to drive data-led employee decisions. Within the lens of our focus on arming clients with everything they need in one place, this integration brings an added breadth of data for clients on the Shareworks platform. - Kevin Swan, Co-head of Morgan Stanley at Work Private Markets
We’re ecstatic about our integration with Morgan Stanley at Work. It's not every day that two financial powerhouses team up to offer companies an innovative and comprehensive compensation solution. By integrating Pave's platform with Shareworks, employers will have access to unique insights that can help make more informed and equitable compensation decisions. - Matt Schulman, Founder & CEO at Pave
In a turbulent market environment, companies are rapidly adjusting their equity compensation philosophy. Together, our clients can build competitive equity packages that meet employee needs and align with your company financial goals. We hope you are as excited as we are to introduce the new API integration.