Case Study: Cornerstone OnDemand achieves streamlined financials and faster IPO reporting with NetSuite OpenAir

NetSuite Helps Talent Management Firm Streamline Financials for Continued Growth After IPO

Cornerstone OnDemand, a Santa Monica–based talent management software firm, faced scaling and compliance challenges as it prepared for an IPO: limited legacy tools, complex contracts and revenue‑recognition rules, multi‑currency operations, and slow billing and reporting. To address these issues Cornerstone implemented NetSuite OpenAir alongside NetSuite OneWorld and NetSuite PSA/Workflow Manager to centralize financial consolidation, advanced revenue recognition, and automated billing and compliance workflows.

NetSuite OpenAir automated billing and multi‑currency consolidation, streamlined professional‑services time‑and‑materials billing, and embedded Sarbanes‑Oxley controls into financial processes. The outcome: Cornerstone saved months of staff time during the IPO, reduced billing labor by up to 60%, produces bi‑weekly reports instantly instead of taking up to six hours, realized an estimated $200,000 savings versus a comparable server system, and sustained double‑digit growth without adding finance IT staff.

Cornerstone OnDemand