Pre-IPO Readiness Program for a SaaS Platform
The Challenge
A Series D SaaS company with $85M ARR needed to transition from startup-grade accounting to SEC-reporting standards within 14 months of a planned NASDAQ listing. The company had no formalized internal controls, used cash-basis accounting for certain revenue streams, and had never undergone a statutory audit.
Our Approach
FYNX deployed a dedicated partner-led team that conducted a full readiness assessment against SEC reporting requirements. We converted historical financials from cash to accrual basis under ASC 606, designed and implemented SOX-compliant internal controls across 12 key processes, established a quarterly close calendar, and prepared the company for its first Big 4 audit cycle.
Measurable Results
Converted three years of historical financials to US GAAP within 4 months
Implemented 38 key controls across revenue, expenditure, and financial close processes
Reduced quarterly close from 28 days to 8 days
Completed first statutory audit with an unqualified opinion and zero audit adjustments
“FYNX didn't just prepare us for IPO — they fundamentally upgraded how we operate as a finance organization.”
— CFO, SaaS Platform