Most cap tables are managed in spreadsheets, which may lack scalability—often, they are time-consuming to maintain and update and prone to human error.
cap table automation software has become popular with growing businesses with increasingly complex equity structures.
Public companies have increasingly eliminated all paper stock certificates in a process called "dematerialization" to simplify and decrease transactions costs.
US state laws support a concept of uncertificated, or book entry shares where the cap table is the formal legal record of equity ownership.
A waterfall analysis details the exact payouts to every shareholder on a company's cap table based on a specific amount of proceeds available to equity in a particular liquidity scenario.