Since its inception, ScaleNorth has known that NetSuite’s platform is an ideal match for supporting Private Equity (PE) firms and their portfolio companies.
As finance and operational executives, we’ve grown companies, increased value, and executed transactions in numerous industries. NetSuite’s platform played a big role in facilitating the “growth to exit” life cycle and provided scale along the way.
With our current partnerships with PE firms and successful implementations for their portfolio clients, ScaleNorth has formalized a service offering, NetSuite for Private Equity, to address the unique needs of this market.
There are two situations where PE companies look to NetSuite’s Enterprise Resource Planning (ERP) platform. The first is as a buy-out, carve-out, divestiture, or similar transaction. Whether investors are buying or selling a company or division, one of the entities will need a new financial ERP system, and that needs to be operational in a tight window. This necessity opens an opportunity for investors and operators to upgrade to the latest technology and best practices for managing the business. After all, expectations are that companies will grow and evolve into world-class organizations.
Driver No. 2: Ongoing life cycle of growth in the portfolio. In the early stages, embedded systems are usually not scalable; they are outdated and lacking the functionality to optimize operations and board-level reporting needed for monitoring.
NetSuite is ideally positioned in these situations. First, it’s a cloud-based solution that eliminates the need for expensive IT infrastructure and the staff to manage on-premise systems. And in a post-COVID-19 world, the flexibility to stand up a system with remote staff can be accomplished.
A Cloud-based financial ERP also provides oversight benefits for private equity investors. Today’s sophisticated investors demand operational compliance, reporting, and real-time monitoring of the business. And there are regulatory requirements to be considered for additional funding, a follow-on transaction with due diligence, or a potential IPO, as well as public accounting requirements.
More and more, Private Equity firms are standardizing on NetSuite financial solutions to scale across their portfolio companies. In many cases, the PE’s portfolio is in the same industry, meaning KPIs, dashboards, and technology are the same and can be leveraged for optimization.
Private Equity is invested in high-growth companies that are expected to deliver revenue and margin growth. With NetSuite as the foundation, the scale can take place without concerns for a future upgrade.
Not only is NetSuite the leading ERP, but it is also one of the most widely used cloud-based ERP platforms in the world. Trusted by over 43,000 organizations in 219 countries and territories, NetSuite has proved to be an invaluable resource that complements today’s dynamic marketplace. What are some additional reasons and benefits of NetSuite for Private Equity?
Regardless of which sector your Private Equity firm finds itself in, NetSuite has a solution for you. Support and service exist for dozens of industries. What’s more, ScaleNorth takes great pride in configuring systems with best practices for operational excellence.
For over two decades, NetSuite has worked with some of the world's top Private Equity firms. And as a strategic NetSuite partner, ScaleNorth has helped countless Private Equity firms through different ventures such as divestitures, buyouts, and mergers. Draw on the expertise and experience of both entities for the best outcomes.
The accounting teams of PE portfolio companies enjoy seamless, streamlined accounting and financial practices thanks to NetSuite. The all-in-one Cloud-based platform boasts leading technologies that have helped solidify its ranking as the preferred ERP on the market. NetSuite’s unmatched prowess makes it a force to reckon with. And if you’re a Private Equity portfolio company, this investment is definitely worthy of consideration.
Portfolio companies don’t have to worry about finding another system to handle their growing needs. NetSuite is designed to grow with you. Regardless of how big your corporation gets, NetSuite can be scaled to match. When upgrading or adding functionality, ScaleNorth can customize NetSuite to accommodate your operational requirements.
IT infrastructure can be extremely expensive to set up and maintain. Fortunately, thanks to NetSuite’s cloud platform, there is no costly IT infrastructure. Relying on cloud support, you are assured of safe and secure networks, data storage, and little to no downtime. With NetSuite, you can channel resources that would otherwise have gone into IT maintenance into growing your business.
When it comes to selecting an ERP platform for a PE-backed company, there is one leader. NetSuite for Private Equity is the growing standard for PE-funded companies. NetSuite is the obvious choice due to its robust global functionality, scalability, and low maintenance. With years of experience assisting businesses in managing their operations, ScaleNorth is ready to help you make the transition. Contact us today to discuss NetSuite solutions for PE-backed portfolio companies.
