Ledgy vs Shareworks (Morgan Stanley at Work)
A side-by-side comparison of Ledgy and Shareworks (Morgan Stanley at Work) — two options for cap table & equity management. Pricing, features, and honest pros and cons.
Category
Cap Table & Equity Management
Cap Table & Equity Management
Rating
4.5 / 5
3.7 / 5
Pricing
Free plan / Custom
Enterprise / Custom
Best for
European scale-ups and multi-entity groups managing equity and share-based payments
Large global companies and pre-IPO enterprises with complex equity programs
Key features
- Multi-entity cap table management and scenario and exit modeling
- Employee equity plans with automated vesting and employee dashboards
- IFRS 2 / ASC 718 expense reporting and audit support
- Carried interest and deferred compensation tracking
- HRIS integrations (Personio, Workday, BambooHR)
- Private-company cap table and equity plan administration
- Global plan support across 150+ countries and tax regimes
- Tender offer and liquidity event execution
- ASC 718 financial reporting and audit packages
- Integrated brokerage and participant wealth services via Morgan Stanley
Pros
- Strong European coverage of local instruments and multi-jurisdiction plans
- Employee-facing dashboards praised for driving equity engagement
- Consistently praised support and ease of use on G2
- Handles very large, multi-country equity programs credibly
- Bank-grade compliance, execution, and participant brokerage
- One suite from private cap table through public-company administration
Cons
- Custom reporting flexibility is limited; users want more filters
- Occasional reporting data hiccups noted by reviewers
- UI widely described in reviews as dated and non-intuitive
- Customer support responsiveness is a recurring complaint
- Participants report notable selling fees and FX charges