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

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

“We have our foot firmly on the accelerator to improve the lives of administrators and their participants with technology that transforms once analog processes into seamless automation. These recent enhancements save businesses time and money while mitigating risk,” Mark Mitchell, chief product officer of Morgan Stanley at Work, said in a statement.

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

Both Equity Edge Online and Shareworks have expanded fractional share trading capabilities that allow participants to trade fractions of their shares or sell enough to cover taxes and keep the rest, Morgan Stanley said. This allows participants to retain more equity post-acquisition, have more tax strategy choices, and increase engagement and satisfaction with their aircraft, according to Morgan Stanley.

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

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