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Enhancing Financial and Accounting Operations for IPO Readiness

FTI Consulting’s accounting advisory team was engaged by the private equity “PE” sponsor for a data center technology solution to support its IPO preparation and transition to becoming a public company. From financial reporting to training and onboarding new staff to facilitating cross-functional collaboration and managing intercompany transactions across entities, the company required guidance throughout the complex process of meeting required standards and addressing broader challenges. The PE sponsor engaged FTI Consulting to support its IPO preparation by helping develop essential documentation and performing an audit uplift to ensure compliance with public company reporting standards.

Our Impact

FTI Consulting supported the company’s transformation of its finance and accounting functions, ensured appropriate transition to public company reporting standards and positioned the company for a successful IPO with a strengthened foundation for ongoing financial growth and regulatory compliance.
FTI Consulting ensured timely and efficient period-end closes amid changing management and staff absences, minimizing disruptions to the company’s financial reporting schedule.
Through active participation in process reviews and facilitating improvements, the team helped the company identify bottlenecks, provided actionable recommendations and explored effective implementation strategies.
FTI Consulting supported the company’s enterprise resource planning (“ERP”) transition to enable efficient subledger management and create shared services capable of driving companywide efficiencies.

Our Role

FTI Consulting served as the backbone for addressing complex technical accounting matters, ensuring compliance and accuracy in all financial reporting, and fulfilled roles such as Interim Corporate Controller and Directors of Internal Controls.
Our team developed high-priority process documentation for critical areas and created clear guidelines, conducted training sessions and implemented testing to improve consistency for medium-priority processes.
Our SEC and accounting experts provided comprehensive audit readiness support, addressing queries from external auditors and conducting an audit uplift to ensure alignment with public company standards.
In preparation for the IPO, FTI Consulting assisted in the development of the company’s Form S-1 and related disclosures and managed accounting for complex equity and debt instruments, consolidating legacy team operations into a unified reporting structure.