LAKEWOOD, Colo., September 22, 2022 (Newswire.com) - On Thursday, Sept. 8, The ERP Advisor Podcast hosted Founder and Managing Principal of ERP Advisors Group, Shawn Windle, to evaluate the ERP compliance requirements necessary to go public.
Watch the full webinar here.
Shawn Windle set the stage for businesses trying to conquer the extremely tedious process of achieving their Initial Public Offering. Mr. Windle clarified, "There are few definitive regulations or policies that dictate the way in which an organization goes public; however, there are frameworks that organizations can position around their financial reporting to optimize operations." Mr. Windle is transparent in saying, "Separation of duties is imperative in preventing fraud because you cannot have the individuals cutting checks also being the ones to generate vendors in the system." In closing, Mr. Windle emphasized, "Just because a business is going public does not mean it is necessary for them to upgrade or change their ERP system. A number of ERPs will provide the functionality required to attract investors and ensure financial compliance, but leaders must have a clear idea of how their business operates."
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Source: ERP Advisors Group