Morgan Stanley has announced three technology enhancements for its workplace financial solutions platform, Morgan Stanley at Work.

The updates, which are for the stock plan platforms Equity Edge Online and Shareworks, aim to increase efficiency, productivity and satisfaction, according to Morgan Stanley.

“We have our foot firmly on the gas to improve the lives of administrators and their participants through technology that turns once analogue processes into seamless automation. These recent enhancements help save companies time and costs while also mitigating risks,” Mark Mitchell, chief product officer of Morgan Stanley at Work, said in a statement.

“There’s much more to come as we continue to invest heavily in our people, platforms, and products,” he added.

Both Equity Edge Online and Shareworks have expanded fractional shares transaction capabilities that allow participants to trade fractional portions of their equity shares or sell enough to cover taxes and keep the rest, Morgan Stanley says. This enables participants to retain more equity shares after vesting, have more tax strategy choices and increase engagement and satisfaction with their planes, according to Morgan Stanley.

Shareworks now has a fully automated leave of absence administration process that eliminates the need for stock plan administrators to manually update individual vests schedules when a participant goes on leave or returns from leave, according to Morgan Stanley. Instead, the administrators can implement a status rule to automatically handle the occurrence, which can save time and reduce errors, according to Morgan Stanley.

Equity Edge Online now has an automation framework dubbed Workflows that enables stock plan administrators to construct custom automated processes, store specific parameters, isolate specific populations of participants and run workflows for specific events, thus reducing individual manual steps, according to Morgan Stanley.