Powering Through the IPO Hangover 

2 Min. Read

While companies on the IPO track put a lot of thought into the benefits of going public, they often overlook the complexities of actually being a public company – and the tougher reporting requirements that come with this status. Companies without streamlined processes will feel the effects unless they address their inefficiencies. 

At A Glance 

Company Type: Fast-paced newly public Technology company 

Industry: Cybersecurity 

Solution Area: Strategic Projects, IPOs 

About The Client 

After a very successful IPO, this Technology company continues to grow at a fast clip, resulting in several challenges for the stretched accounting team as they adjust to the rigors of being a public company while keeping up with the scaling business. 

Challenge 

The overworked accounting team was grappling with the pace of the business, hampered by legacy record-keeping issues and inefficient financial operations. 

The added workload of public company reporting requirements, SOX requirements, and quarterly visits by their auditors was putting them even further behind. And very few people on the team could lead the way who had deep experience in working for public companies. 

The company needed help to transition to tighter reporting timelines and the higher demands that are par for the course for public companies. 

Solution 

ZRG’s tailored consulting solutions meet companies where they are and help get them to where they hope to be. 

We assisted the client as they worked to build out a team with the right expertise for the long term, while a change-resistant culture persists. 

• Resources, timely expertise and training for the more extensive reporting requirements of being a public company 
• Assessment of finance function for strengths and gaps to scale effectively 
• Recommendations for implementing new processes to replace legacy manual procedures and move toward public company best practices 
• Ongoing operational accounting support to augment the team and keep up with scaling operations 
• Audit support under tight timelines 

Results 

• Ongoing, trusted guidance that adapts with the fast-growing organization 
• Easy-to-follow road map for process improvements and efficiencies 
• Customized expert recommendations for replacing legacy manual procedures 

ZRG’s understanding of many requirements and scrutiny that come with running a post-IPO business gives this Technology company a go-to resource as they progress toward improving their financial operations.