Public Company On A Growth Trajectory: Third Rock Ventures Case Study

A life sciences company backed by Third Rock Ventures* had ambitious plans for going public and achieving rapid growth. At its inception, the company managed its finances and reporting on QuickBooks. The VP of finance says, “QuickBooks is a fantastic application, but it had none of the controls we needed.” Having experienced several ERP deployments and other large-scale technology projects in other businesses, the VP was certain that NetSuite would be a good fit for the company’s requirements. “NetSuite would enable us to exercise financial control,” he says. “It was a cloud-based solution that would be easy to implement and use, and which we could manage with a small team.” Several other companies in the Third Rock Ventures portfolio were already using NetSuite to their advantage.