For a thriving business, the IPO is a major milestone. However, the IPO also brings to the finance team a new set of reporting, accounting, and control burdens. One important way to improve your IPO readiness is to deploy a modern, IPO-ready financial management software at least 12-36 months in advance. Entry-level software might handle the needs of a growing company for a few months, but it is not IPO-ready software. Legacy financial systems are inflexible, lacking the features, controls, and the analytical capabilities you need as a public company.
Of course, the IPO isn’t the finish line. Post-IPO, the finance team must focus on a changing set of essential requirements in the journey of building a successful company. To manage the challenges of being a public company, you need a system that supports operational growth and strategic complexity. Modern day Cloud ERP software meet the needs of companies before and after an IPO with:
- Professional-strength financial management software to deliver real-time reporting and analytics
- Powerful automation and integration
- Superior compliance and auditability
- Unlimited flexibility and scale in the cloud to evolve with your business