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

Finance AI Recommendation 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://finance-ai-index.com/corporate/cap-table-management/enterprise/

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

## First-choice share

| # | Product | Share | Negative rate | Labels |
|---|---|---|---|---|
| 1 | Shareworks | 38% | 7% | 56 |
| 2 | Carta | 18% | 37% | 67 |
| 3 | Morgan Stanley at Work | 9% | 0% | 15 |
| 4 | Qapita | 9% | 23% | 26 |
| 5 | Ledgy | 5% | 11% | 38 |
| 6 | Pulley | 5% | 50% | 46 |
| 7 | J.P. Morgan Workplace Solutions | 4% | 9% | 23 |
| 8 | Certent Equity Management | 2% | 0% | 12 |
| 9 | Eqvista | 2% | 33% | 21 |
| 10 | Astrella | 0% | 20% | 10 |
| 11 | Cake Equity | 0% | 75% | 12 |

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

- Claude Haiku 4.5: Qapita, Shareworks; alternatives Carta, Slice Global
- GPT-5.4 mini: Carta; alternatives Pulley
- Gemini 3.5 Flash: Carta, Shareworks; alternatives Astrella, Ledgy
- Perplexity Sonar: Shareworks; alternatives Carta, J.P. Morgan Workplace Solutions
- Grok 4.1 Fast: Shareworks; alternatives Carta, Ledgy
- Mistral Small: Shareworks; alternatives Capboard, V7 Go
- DeepSeek V4 Flash: Carta; alternatives Ledgy, Morgan Stanley at Work
- Llama 4 Maverick: Shareworks; alternatives Capshare, Carta, Eqvista
- Qwen 3.7 Flash: Carta; alternatives EquityMethods, Ledgy, Shareworks
- Kimi K2: Shareworks; alternatives Carta, Eqvista
- GLM 4.7 FlashX: Carta; alternatives Eqvista, Shareworks
- MiniMax M2.5: Carta; alternatives Diligent Equity, Qapita, Shareworks, insightsoftware
- GPT-6 Luna: Shareworks; alternatives Carta, 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: 25 of 67 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 (34%) to Shareworks (34%). Margin 15 points, beyond the floor.

- Carta: 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.
- Astrella: 2% to 0%, −2. Inside the floor by 8 points · rank 8 → 14 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.
- Pulley: 5% to 6%, +2. Inside the floor by 8 points · rank 7 → 5 of 48.
- Qapita: 9% to 9%, −1. Inside the floor by 9 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://finance-ai-index.com/methodology/
- Raw judge labels and full responses: https://finance-ai-index.com/data/
- License: CC BY 4.0. Cite as Finance AI Recommendation Index, October 2026 Edition, finance-ai-index.com.