Case Study: MongoDB achieves consolidated, IPO-ready financials with Oracle NetSuite

MongoDB Gains New Confidence in Financials with Switch from Intacct to NetSuite

MongoDB, a Palo Alto and New York–based software company known for its NoSQL database, faced limits with its Intacct accounting system that undermined confidence in financials ahead of a potential IPO. Revenue recognition was handled in spreadsheets, currency conversions and multi‑subsidiary consolidation required manual adjustments, and tight integration with Salesforce was lacking — creating time‑consuming processes, risk of errors and weak controls.

MongoDB replaced Intacct with NetSuite OneWorld and added NetSuite OpenAir, with Dell Boomi connecting NetSuite and Salesforce. The unified solution automated consolidations across 12 subsidiaries, streamlined multi‑currency reporting and VAT compliance, improved revenue recognition and PSA forecasting/utilization, and delivered real‑time visibility into consolidated financials — significantly increasing operational efficiency and financial rigor.

MongoDB