YuLife uses Ledgy to become more transparent around equity compensation
“We can now pull personalised reports for specific departments based on the data on Ledgy. It’s really useful to make future decisions and let us think about equity awards more strategically.”
About Yulife
Founded in 2016, YuLife, a tech-driven wellbeing and insurance company, is redefining group insurance and workplace benefits. Combining Life Insurance, PMI, and Group Income Protection with a gamified app, YuLife incentivises healthier lifestyles while delivering essential financial protection. This ‘win-win’ model drives engagement, boosts productivity, and benefits individuals, businesses, and society alike.
About Abbie Johnson
Abbie Johnson is a People Experience Manager at YuLife. She joined YuLife’s People operations team four years ago.
From four to one
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Since joining YuLife, Abbie has been involved in equity management and the documentation related to it. It was a very manual process, where Abbie and the YuLife team were using a combination of methods to manage equity, including another equity management provider. “We had an equity management platform but used it more as a place to store everything. It didn’t help us manage the documentation or any of the admin-heavy stuff. We managed that offline, manually inputting data into spreadsheets, typing up share certificates, and processing signatures on DocuSign before storing documents offline. It was all very disconnected.” she says.
With their previous provider and processes, Abbie and her team also found it hard to provide the clarity they needed internally. “We couldn’t pull the reports we needed or customise them to be able to answer questions from the team.” she says. And even with another equity management platform in place, employees did not have a central place to access all their equity data and documents. “Transparency is important to us, and with our previous set up we weren’t able to provide that and generate engagement from employees around equity.” says Abbie.
With this in mind, YuLife knew they needed better equity management software to relieve their admin headaches, keep equity up to date through their growth, and provide employees with the transparency they were aiming for. They found that in Ledgy, and the switch provided them with a single source of truth for all things equity. “We basically had 4 different things we were looking at at the same time to manage our equity. Ledgy closed that all together in one space.” says Abbie.
Going beyond the admin
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Since switching to Ledgy, Abbie has been able to reduce the admin hassle related to employee equity. “The time-saving and the headaches we’ve avoided thanks to Ledgy have been significant. The full granting process with document automation was a game-changer for us.” she says.
Ledgy’s integrations with DocuSign and Hibob have also greatly impacted how they manage their equity. “Thanks to the integration with our HR system, we are confident that the data is accurate.” Abbie says. Not only did this help automate the overall granting process, but it also allowed them to go beyond the admin and use data insights to inform their decisions. “We’ve been able to pull in custom fields from our HR system to give us the complete picture of our data. We can now pull personalised reports for specific departments based on the data on Ledgy. It’s really useful to make future decisions and let us think about equity awards more strategically.” Abbie says.
Making their equity work without the headaches let Abbie and the team feel more confident when it came to their equity data. This in turn, led them to invite their employees to Ledgy. “After moving over, we felt more empowered to invite our employees to view their equity on Ledgy than we ever did before. We also saw how user-friendly Ledgy and the employee dashboard was. It made us feel confident and enabled us to finally give people that level of visibility.” she says.
A shared experience with equity
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After switching to Ledgy, Abbie and her team were able to invite YuLife employees to view their equity on their Ledgy employee dashboard and this has been met positively by the entire company. “We’ve received positive feedback about Ledgy across the board. Employees are really happy that they now get a clear picture of their equity and vesting and we can process their signatures directly on Ledgy with the DocuSign integration ", says Abbie.
Abbie and her team know that for employees to engage with equity, they first need to understand it. “For lots of people, they get offered equity when they join and then they just don’t think about it for the next couple of years.” she says. “But once you understand equity, you can really start to dream and experience it with the company. With Ledgy, it’s not only enabled employees to access their paperwork, but also to see how their contributions move the needle towards the company’s success. That’s really important and motivating for them.”
What’s next for Yulife?
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As YuLife continues to use Ledgy, Abbie is excited to try out many new and exciting features. “In the medium term we’re looking forward to further enhancing our processes with Ledgy, and we’re excited to see the wider impact of inviting people to the platform.” she says. “There’s even more features that I will be introduced to soon and I’m sure I will have many new favourite Ledgy features to come.” says Abbie.
As YuLife continues to grow, Abbie is looking forward to keep on working towards YuLife’s mission and inspire people to live their best lives. “Hopefully we can positively impact the lives of millions of people with their well-being” she says.
Read more stories about Ledgy’s customers here.
