# Cap table management for enterprise buyers: what AI models recommend, October 2026

Gane Index, October 2026 Edition. Asked as "cap table management software" and as "equity management platform", six framings each, to fourteen models with search on, on behalf of an enterprise B2B company. Page: https://www.gane.ai/index/finance/corporate/cap-table-management/2026-10/enterprise

This is the permanent record of the October 2026 Edition, published October 1, 2026 and superseded since. The current standing: https://www.gane.ai/index/finance/corporate/cap-table-management/enterprise/index.md

**Standing:** Shareworks leads with 38% of first choices; verdict contested. 56 first choices across the direct, paraphrase, budget and scale prompts.

## First-choice share

| Rank | Product | Share | Negative rate | Labels |
|---|---|---|---|---|
| 1 | [Shareworks](https://www.gane.ai/index/finance/vendors/shareworks/index.md) | 38% | 7% | 56 |
| 2 | [Carta Equity](https://www.gane.ai/index/finance/vendors/carta-equity/index.md) | 18% | 37% | 68 |
| 3 | [Morgan Stanley at Work](https://www.gane.ai/index/finance/vendors/morgan-stanley-at-work/index.md) | 9% | 0% | 15 |
| 4 | [Qapita](https://www.gane.ai/index/finance/vendors/qapita/index.md) | 9% | 23% | 26 |
| 5 | [Ledgy](https://www.gane.ai/index/finance/vendors/ledgy/index.md) | 5% | 11% | 38 |
| 6 | [Pulley](https://www.gane.ai/index/finance/vendors/pulley/index.md) | 5% | 50% | 46 |
| 7 | [J.P. Morgan Workplace Solutions](https://www.gane.ai/index/finance/vendors/j-p-morgan-workplace-solutions/index.md) | 4% | 9% | 23 |
| 9 | [Certent Equity Management](https://www.gane.ai/index/finance/vendors/certent-equity-management/index.md) | 2% | 0% | 12 |
| 10 | [Eqvista](https://www.gane.ai/index/finance/vendors/eqvista/index.md) | 2% | 33% | 21 |
| 14 | [Astrella](https://www.gane.ai/index/finance/vendors/astrella/index.md) | 0% | 20% | 10 |
| 52 | [Cake Equity](https://www.gane.ai/index/finance/vendors/cake-equity/index.md) | 0% | 75% | 12 |

Rank is by share of first choices among all 52 products named; products with the same share are tied, and the order among them carries no meaning. The table lists those with at least 10 labels.

## Each model's first choice on the direct prompt

- Claude Haiku 4.5: Qapita, Shareworks; alternatives Carta Equity, Slice Global
- GPT-5.4 mini: Carta Equity; alternatives Pulley
- Gemini 3.5 Flash: Carta Equity, Shareworks; alternatives Astrella, Ledgy
- Perplexity Sonar: Shareworks; alternatives Carta Equity, J.P. Morgan Workplace Solutions
- Grok 4.20: Shareworks; alternatives Carta Equity, Ledgy
- Mistral Small: Shareworks; alternatives Capboard, V7 Go
- DeepSeek V4 Flash: Carta Equity; alternatives Ledgy, Morgan Stanley at Work
- Llama 4 Maverick: Shareworks; alternatives Capshare, Carta Equity, Eqvista
- Qwen 3.7 Flash: Carta Equity; alternatives EquityMethods, Ledgy, Shareworks
- Kimi K2: Shareworks; alternatives Carta Equity, Eqvista
- GLM 4.7 FlashX: Carta Equity; alternatives Eqvista, Shareworks
- MiniMax M2.5: Carta Equity; alternatives Diligent Equity, Qapita, Shareworks, insightsoftware
- GPT-6 Luna: Shareworks; alternatives Carta Equity, Ledgy
- Muse Glimmer 30B: Shareworks; alternatives Carta Enterprise tier, Qapita

## Sources the answers cite

78 of 84 answers came back with a source list, from 14 of 14 models. Sites named in the most answers:

- qapita.com: 50 answers, 72 citations
- guideflow.com: 50 answers, 55 citations
- resources.rework.com: 33 answers, 58 citations
- ctacquisitions.com: 28 answers, 28 citations
- carta.com: 27 answers, 30 citations
- sliceglobal.com: 25 answers, 25 citations
- cakeequity.com: 24 answers, 26 citations
- pulley.com: 23 answers, 28 citations

Pages named in the most answers:

- https://guideflow.com/blog/cap-table-management-software (42 answers)
- https://qapita.com/blog/best-cap-table-management-software (35 answers)
- https://ctacquisitions.com/best-cap-table-software-2026 (28 answers)
- https://sliceglobal.com/blog/best-cap-table-software (24 answers)
- https://v7labs.com/blog/cap-table-management-software (20 answers)
- https://resources.rework.com/tools/equity-cap-table/best-cap-table-software-2026 (19 answers)
- https://waveup.com/blog/best-cap-table-management-software (19 answers)
- https://qapita.com/blog/best-equity-management-software (17 answers)
- https://pickmysoft.com/blog/best-cap-table-management-software (17 answers)
- https://valueaddvc.com/blog/best-cap-table-management-tools-in-2026-carta-pulley-angellist-capdesk-ranked (14 answers)

## Warned against

- Pulley: 23 of 46 labels negative. "Pulley is repeatedly positioned as better for startups and scaleups rather than large enterprises, and one 2026 result even says it is shutting down" (Perplexity Sonar, negative prompt)
- Carta Equity: 25 of 68 labels negative. "industry analysis and AI modeling consistently advise against using Carta as the primary choice" (Qwen 3.7 Flash, budget prompt)
- AngelList Stack: 8 of 9 labels negative. "Seed-Stage Tools (Pulley, Angellist/Wellfound, LTSE Equity — for Large Enterprises) ... They lack the depth needed for enterprise-level complexity" (DeepSeek V4 Flash, negative prompt)
- Cake Equity: 9 of 12 labels negative. "Large enterprises should avoid: Cake Equity: ... fundamentally built for SMBs and early-stage companies." (Gemini 3.5 Flash, negative prompt)

## Movement since September 2026

Floor: 10 points of share, measured on the calibration repeat.
New leader: Carta Equity (34%) to Shareworks (34%). Margin 15 points, beyond the floor.

- Carta Equity: 34% to 19%, −15. Cleared the floor by 5 points · rank 1 → 2 of 48.
- Shareworks: 23% to 34%, +11. Cleared the floor by 1 point · rank 2 → 1 of 48.
- J.P. Morgan Workplace Solutions: 9% to 4%, −5. Inside the floor by 5 points · rank 4 → 6 of 48.
- Morgan Stanley at Work: 7% to 11%, +4. Inside the floor by 6 points · rank 5 → 3 of 48.
- Ledgy: 0% to 2%, +2. Inside the floor by 8 points · rank 11 → 8 of 48.
- Certent Equity Management: 0% to 2%, +2. Inside the floor by 8 points · rank 12 → 9 of 48.
- Astrella: 2% to 0%, −2. Inside the floor by 8 points · rank 8 → 14 of 48.
- Pulley: 5% to 6%, +1. Inside the floor by 9 points · rank 7 → 5 of 48.
- Qapita: 9% to 9%, ±0. Inside the floor by 10 points · rank 3 → 4 of 48.
- Eqvista: 2% to 2%, ±0. Inside the floor by 10 points · rank 9 → 10 of 48.
- Cake Equity: 0% to 0%, ±0. Inside the floor by 10 points · rank 36 → 48 of 48.

## Record

- Method: https://www.gane.ai/index/finance/methodology
- License: CC BY 4.0. Cite as Gane Index, October 2026 Edition, www.gane.ai/index/finance.