Oracle NetSuite & Hitpoint Cloud use rich practices to empower more customers to go public！

IPO listing can bring very positive value and strength to the development of enterprises. Enterprise capitalization is the development goal of most excellent enterprises, and it is also an important opportunity to achieve leapfrog development. But before that, companies need to go through a complicated and time-consuming preparation process in order to deal with the strict IPO review.

4 major challenges faced by corporate IPOs:

• How does the enterprise management system support flexible business development?

• The enterprise has multiple branches or subsidiaries. How does the enterprise support the personalized operation of each branch and ensure financial compliance?

• In the face of differences in fiscal and tax laws and regulations in different countries, how can enterprises efficiently handle international financial management, financial accounting and other businesses?

• How to establish a sound and effective internal control management system before the IPO to reduce corporate compliance risks?

IPO is a process of selecting the best from the best. Although there are many aspects that need to be paid attention to, financial regulations are extremely important for the IPO listing and development of enterprises. Especially for companies planning to IPO, financial regulations are a precondition for passing the IPO review. Only by continuously standardizing and improving the financial management system can enterprises ensure the success of their IPOs and promote high-quality development of enterprises.

Oracle NetSuite's cloud-based unified platform architecture can help companies gain real-time insight into financial performance and accelerate daily financial processing and closing. It can also support multi-branch operations and strengthen group management and control. As a five-star partner of NetSuite, Hitpoint Cloud has helped many companies successfully sprint for IPO based on the Oracle NetSuite cloud platform.

Domino's China chose NetSuite to help complete a major upgrade of its operations management system. Domino's China uses NetSuite to unify internal business systems, simplify process management, and provide solid technical support and cloud systems for corporate expansion strategies. In terms of compliance, NetSuite's business-finance integration function can support Domino's China to integrate all sales data and generate corresponding financial documents to ensure timely and accurate financial data. NetSuite can also help Domino's China quickly handle daily financial transactions and speed up financial closing. At the same time, NetSuite, as a unified enterprise management and control platform, can strengthen and improve process specifications for enterprises, provide integrated planning, budgeting and forecasting solutions, and lay a solid compliance foundation for enterprises' subsequent listing plans.

•Bide Pharmaceutical

Shanghai Bide Pharmaceutical Technology Co., Ltd. (hereinafter referred to as "Bide Medicine") is a high-tech enterprise mainly engaged in the R&D, production, sales and synthesis customization of pharmaceutical intermediate-related products. On October 10, 2022, Peder Pharmaceuticals issued an announcement on its initial public offering of shares on the Science and Technology Innovation Board, and the next day, October 11, it was officially listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange.

Before going public, Bide Pharmaceutical chose Oracle NetSuite to provide new impetus for the standardized management of the enterprise. Bide Medicine has established an integrated system through NetSuite to support the management demands of multi-country, multi-currency, and multi-tax systems. Secondly, with the help of the NetSuite cloud platform to integrate data into one system, Bide promotes effective communication and collaboration between departments. At the same time, the NetSuite OneWorld module can support the rapid expansion of the company and provide long-term technical support for the development of the enterprise.

• Beisen Holdings

Beisen Holdings Co., Ltd. (hereinafter referred to as "Beisen Holdings") is the largest provider of cloud HCM solutions in China. On April 13, 2023, Beisen Holdings was officially listed on the main board of the Hong Kong Stock Exchange, becoming the "first HR SaaS stock" in China.

The flexibility and scalability of NetSuite are very suitable for a high-growth enterprise like Beisen Holdings. Its powerful financial and taxation functions are even more icing on the cake for companies with listing plans. As a company that provides software subscription services and other professional human resources services, Beisen Holdings has various revenue models. NetSuite can help Beisen Holdings realize multiple revenue recognition models and improve work efficiency. In addition, NetSuite's flexible consolidated reports and multi-dimensional analysis system provide management with better business insights. Moreover, the standard interface of NetSuite's PaaS enables Beisen Holdings to quickly integrate with heterogeneous systems such as online banking, Golden Tax, and self-developed business system iTalent to achieve data unification.

NetSuite has powerful business and financial integration functions. At the same time, as a software with a global perspective, it can support companies to adapt to multinational accounting standards, ensure that companies move forward in compliance, and escort companies to go public. Hitpoint Cloud has been deeply involved in NetSuite products and services for many years. In the future, it will help more customers to go to successful IPOs with a solid technical foundation and rich service experience.