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

Finance AI Recommendation Index, September 2026 Edition. Asked as "cap table management software" and as "equity management platform", six framings each, to twelve models with search on, on behalf of an enterprise B2B company. Page: https://finance-ai-index.com/corporate/cap-table-management/enterprise/

**Standing:** Carta leads with 34% of first choices; verdict contested. 44 first choices across the direct, paraphrase, budget and scale prompts.

## First-choice share

| # | Product | Share | Negative rate | Labels |
|---|---|---|---|---|
| 1 | Carta | 34% | 31% | 62 |
| 2 | Shareworks | 20% | 15% | 54 |
| 3 | Qapita | 9% | 12% | 26 |
| 4 | J.P. Morgan Workplace Solutions | 9% | 11% | 18 |
| 5 | Pulley | 5% | 52% | 42 |
| 6 | Astrella | 2% | 12% | 16 |
| 7 | Eqvista | 2% | 39% | 18 |
| 8 | Ledgy | 0% | 16% | 37 |
| 9 | Cake Equity | 0% | 58% | 12 |

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

- Claude Haiku 4.5: Shareworks; alternatives Carta, Ledgy, Qapita
- GPT-5.4 mini: Carta; alternatives Ledgy
- Gemini 3.5 Flash: Carta; alternatives Astrella, Fidelity Private Shares, Ledgy, Shareworks
- Perplexity Sonar: Carta, Qapita; alternatives Pulley
- Grok 4.1 Fast: Carta; alternatives Certent Equity Management, Fidelity Private Shares, J.P. Morgan Workplace Solutions, Shareworks
- Mistral Small: Carta; alternatives Astrella, Pulley
- DeepSeek V4 Flash: Carta; alternatives Ledgy, Shareworks
- Llama 4 Maverick: no first choice
- Qwen 3.7 Flash: Carta; alternatives Ledgy, Shareworks
- Kimi K2: Carta; alternatives Pulley, Shareworks
- GLM 4.7 FlashX: Carta; alternatives Qapita, Shareworks
- MiniMax M2.5: Carta; alternatives Ledgy, Pulley, Shareworks

## Sources the answers cite

69 of 72 answers came back with a source list, from 12 of 12 models. Sites named in the most answers:

- guideflow.com: 39 answers, 41 citations
- cakeequity.com: 36 answers, 40 citations
- qapita.com: 35 answers, 64 citations
- ctacquisitions.com: 32 answers, 32 citations
- valueaddvc.com: 31 answers, 40 citations
- carta.com: 27 answers, 41 citations
- waveup.com: 24 answers, 24 citations
- worldmetrics.org: 22 answers, 29 citations

Pages named in the most answers:

- https://guideflow.com/blog/cap-table-management-software (34 answers)
- https://ctacquisitions.com/best-cap-table-software-2026 (32 answers)
- https://cakeequity.com/guides/best-cap-table-software (28 answers)
- https://waveup.com/blog/best-cap-table-management-software (24 answers)
- https://valueaddvc.com/blog/best-cap-table-management-tools-in-2026-carta-pulley-angellist-capdesk-ranked (23 answers)
- https://qapita.com/blog/best-cap-table-management-software (21 answers)
- https://aifundingtracker.com/best-cap-table-management-software (19 answers)
- https://learn.g2.com/best-equity-management-software (19 answers)
- https://worldmetrics.org/best/captable-software (16 answers)
- https://pickmysoft.com/blog/best-cap-table-management-software (15 answers)

## Warned against

- Pulley: 22 of 42 labels negative. "the main platforms to avoid or treat cautiously ... that usually means tools like Pulley, Eqvista, Cake Equity" (Perplexity Sonar, negative prompt)
- Carta: 19 of 62 labels negative. "Carta – Approach with Significant Caution ... Carta was caught using confidential customer cap table data to broker secondary share sales without explicit disclosure." (Kimi K2, negative prompt)
- Shareworks: 8 of 54 labels negative. "drawbacks include heavy rollout effort, quote-based pricing ($50K+ typical), and lower user ratings (~3.2/5 on Capterra)" (Grok 4.1 Fast, negative prompt)
- Cake Equity: 7 of 12 labels negative. "Platforms to Avoid for Large Enterprises:
- Pulley, Cake Equity, Ledgy, Qapita (early tiers), AngelList Equity" (Grok 4.1 Fast, negative prompt)

## 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, September 2026 Edition, finance-ai-index.com.