Case Study: Cornerstone OnDemand achieves streamlined financials and IPO readiness with Oracle NetSuite

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

Cornerstone OnDemand, a Santa Monica–based software company specializing in talent management, faced scaling limits from its legacy business software as it prepared for an IPO. Complex customer contracts, advanced revenue recognition needs, slow financial reporting, and a lack of customer analysis tools hindered the finance team’s ability to support rapid growth and compliance requirements.

By implementing NetSuite OneWorld with Advanced Revenue Reporting, Workflow Manager, NetSuite OpenAir and Avalara’s AvaTax, Cornerstone centralized and automated billing, revenue recognition and multi‑currency consolidation. The result: months of staff time saved during the IPO process, billing effort cut by as much as 60%, bi‑weekly reports that run instantaneously (vs. six hours previously), an estimated $200,000 saved versus a comparable server system, and sustained double‑digit growth without adding IT finance staff while achieving Sarbanes‑Oxley compliance.

Cornerstone OnDemand