All Systems Go for Life as a Public Company

Apr 3, 2020 |
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Client

A biopharma company.

Prior to an IPO, our client needed to assess internal systems, update their supply chain management, implement and test SOX controls, start reporting as a public company, and move to a public company platform for stock administration and expense reporting.

Based on our extensive experience with ERP implementations in the biopharmaceutical space, RGP guided our client’s pre-IPO preparations, supporting their move to a NetSuite environment that’s purpose-built to scale as they execute on their go-to-market strategies.

What We Did

  • Implemented and tested SOX controls prior to the IPO.
  • Led ERP system selection, including documenting requirements, shortlisting solutions, coordinating demos and preparing total cost of ownership models.
  • Managed equity administration, including daily administration and financial reporting, as well as data cleanup after the move to E*TRADE’s Equity Edge Online platform.
  • Reconciled stock-based compensation expense reports and implemented an employee stock purchase plan (ESPP).

Impact

  • Built the foundation for our client to report as a public company, ensuring they could start trading on Day 1 after the lock-up period expired.
  • Enabled our client to operate business-related transactional activities and financial reporting within a modern and robust ERP environment.
  • Ensured that the new ERP system integrated with other third-party systems, such as spend management, resulting in improved financial controls, real-time financial reporting and faster close cycles.
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Client

A biopharma company.

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