Are you a company preparing for an initial public offering (IPO)? The pre-IPO process can be complex and time-consuming, but with the right tools and support, it’s possible to navigate it smoothly. At Total Dynamics, we have over 37 years of experience helping companies implement and optimize NetSuite ERP for long-term success.

Navigating the Pre-IPO Process with NetSuite ERP
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One of the key benefits of NetSuite ERP is its built-in support for pre-IPO readiness. The platform provides out-of-the-box reports and pre-configured roles with Business Intelligence (BI) dashboards to assist with IPO preparation. However, as companies customize their systems over time, it’s important to ensure that controls, ASC 606 configuration, segregation of duties (SoD), and change management are all in place.

Here are a few steps to take as you prepare for your IPO with NetSuite ERP:

  1. Review your current system controls. Take a thorough look at your current system controls to ensure they are in line with industry standards and best practices.
  2. Configure ASC 606. NetSuite ERP provides support for ASC 606, the accounting standard for revenue recognition. Make sure your system is configured properly to ensure compliance.
  3. Segregate duties. Ensuring proper segregation of duties (SoD) is crucial for the integrity of your financial statements. Review your current SoD policies and procedures to ensure they are adequate.
  4. Implement change management. As you prepare for your IPO, it’s important to have a robust change management process in place to ensure smooth transitions and minimize risk.
  5. Keep an eye on the future. As you prepare for your IPO, it’s important to also think about the long-term growth and success of your company. NetSuite’s scalable platform can support your company’s growth and provide the foundation for future expansion.

By following these steps and working with a trusted partner like Total Dynamics, you can ensure your company is ready for the pre-IPO process and set yourself up for long-term success. Contact us today to learn more about how we can help you optimize your NetSuite ERP system for IPO readiness.

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