Implementation of LucaNet and Financial Processes for IPO Readiness

A mid-sized group in the ad-tech industry engaged Neofyn to enhance their financial systems and processes as part of an IPO readiness initiative. The company aimed to prepare for a successful listing on the capital markets and required robust tools, documentation, and

controls to meet regulatory and investor expectations. Neofyn’s expertise in financial

transformation played a critical role in ensuring the company’s preparedness for their IPO,

which they successfully completed in 2022.

Implementing LucaNet for Financial Management

Neofyn identified LucaNet, a leading financial consolidation and planning software, as a key

tool to streamline the company’s financial processes. The team oversaw the implementation,

ensuring it was fully integrated into the group’s financial ecosystem. This solution enhanced

the accuracy and efficiency of financial statement preparation, allowing the company to meet

the stringent requirements of capital markets..

Developing Internal Financial Processes and Controls

In addition to LucaNet, Neofyn introduced new processes for the creation of financial

statements and established a comprehensive internal control system (ICS). These

enhancements improved financial reporting accuracy, minimized risk, and ensured

compliance with regulatory standards. The team conducted detailed assessments to identify

gaps and implemented best practices for internal documentation and controls across the

group.

IPO Readiness and Documentation Improvements

As part of the IPO readiness check-up, Neofyn performed a thorough evaluation of the

company’s financial and operational frameworks. This included several steps to enhance

documentation standards, ensuring transparency and compliance with capital market

expectations. By refining internal controls and financial reporting processes, Neofyn prepared

the company to withstand the scrutiny of potential investors and regulatory authorities.

Achieving IPO Success

Neofyn’s comprehensive approach to financial systems and IPO readiness proved pivotal in

the company’s journey to becoming publicly listed. The improvements in financial processes,

internal controls, and documentation enabled the company to meet IPO requirements

confidently. In 2022, the company successfully completed their IPO, benefiting from the

readiness and structure established during their collaboration with Neofyn.

The Results

This case highlights Neofyn’s ability to deliver tailored financial solutions for companies

aiming to access capital markets. By implementing tools like LucaNet, enhancing financial

processes, and ensuring IPO readiness, Neofyn helped the client achieve their strategic goal

of going public. The result underscores Neofyn’s expertise in preparing mid-sized groups for

complex financial milestones.