What Our Clients Say About ERIC
“ERIC saved us 20 hours of manual proxy research!”
“We were very pleased (and surprised) with the results and presentation format. We used the generated report without any adjustments.”
“I enjoyed using ERIC. The tool made it easier to answer quick calls from my upline team and provide helpful context and best market practices efficiently.”
Challenge
The disclosure research process is not only time- and resource-consuming, but also prone to manual error. With increasing shareholder scrutiny and the rapidly evolving nature of executive compensation, the Company needed a way to streamline this process, minimize costs and provide its leadership team with timely, accurate data to inform strategic decisions and meet deadlines.
Solution
The Vice President of Total Rewards chose to implement Equilar's AI disclosure research tool, ERIC (Equilar Research Intelligence Copilot). ERIC made it easier to research disclosures by automatically collecting and analyzing information from SEC filings.This enabled the team to enter questions directly from their board and management team into ERIC, allowing them to instantly identify compensation trends and policies within their peer group and industry. The insights from ERIC helped the total rewards leader provide better support to the board by increasing efficiency and accuracy without the need to expand the team.
Results
With ERIC, the Vice President of Total Rewards experienced immediate gains in both speed and cost-effectiveness. Tasks that once required hours or even days of manual research became accessible in just minutes.This time savings enabled the Vice President of Total Rewards to increase the team’s capacity, strengthen their relationship with the compensation committee and implement key initiatives that may have not been prioritized with limited team resources.
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Efficiency Gains: A 50% reduction in time spent on disclosure research, enabling faster, data-informed decision-making.
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Process Improvements: A streamlined process that enhanced data accuracy and reduced manual errors, fostering greater confidence in reports.
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Cost Savings: A significant reduction in research costs by minimizing the need for external consulting services, allowing the team to reallocate budget to high priority strategic initiatives.
Overall, ERIC optimized the Company’s executive compensation research processes, positioning the team to remain agile and responsive to an ever-evolving corporate landscape.