Ledgy partners with Bondsmith to automate SAYE administration for listed companies

Ledgy, Europe’s leading equity and share plan management platform, has announced a strategic partnership with Bondsmith, a UK-based savings carrier, to launch a fully automated Save As You Earn (SAYE) scheme solution for listed companies.

SAYE is one of the most popular and most employee-friendly share schemes in the UK. It’s been around since 1981 and has since brought huge benefits to UK employees, providing them with smart saving and financial wellness habits, as well as a risk-free potential upside with tax advantages.

Offering SAYE schemes at scale has continued to be a challenge for many companies. While the benefits of a SAYE scheme are apparent, the considerable administrative burden and risk of errors linked to manual reconciliation dampen what should be a straightforward win for the people running the scheme. For employees, clear communication and consistent updates are also essential to create clarity around participation and achieve the intended motivational effects. Until now, the tech used to manage this scheme has lagged behind its high potential. And that’s what Ledgy and Bondsmith have partnered to fix.

How Ledgy and Bondsmith are modernising SAYE administration

Ledgy and Bondsmith have teamed up to transform SAYE administration. Thanks to Bondsmith’s tech-first approach to savings and Ledgy’s automated share plan administration for listed companies, an integration between the two is a one-of-a-kind opportunity to modernise SAYE administration, making a plan that’s been around for over 40 years even more attractive and manageable today. With Ledgy’s direct Bondsmith integration, manual reconciliation headaches are a thing of the past, as updates about contributions are made to Ledgy in real-time. This ensures compliance with the limits of the scheme and minimises errors. Employees can also see these updates in their Ledgy dashboard in real-time, remaining informed and reassured about their savings at all times.

“We are thrilled to partner with Ledgy to bring a modern solution to listed companies for their SAYE administration,” says Bondsmith CEO, Michael Doyle. "We are impressed with the technology behind the Ledgy platform, making our end-to-end integration seamless and efficient. Companies have struggled with disjointed systems and labour-intensive reconciliation processes for too long. This partnership finally delivers the real-time experience that both administrators and employees deserve.”

Yoko Spirig, CEO at Ledgy, says, “We are excited to have found an innovative partner to help us modernise SAYE admin with Bondsmith. This is another important step in our journey to bring modern share plan administration to publicly listed companies. We look forward to welcoming more teams to Ledgy and empowering them with equity.”

Learn more about how Ledgy automates SAYE administration, here.

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