Solution · Pre-IPO

Get ready to list on the stock exchange
with corporate governance built in

Build accounting and finance to TFRS standards with provable internal controls. Every figure in the financial statements traces back to its source document And every document has an edit history showing who did what and when.

Close the books to TFRS Traceable back to the source document Our CPA team helps assess readiness Go live faster than a typical ERP

Sound familiar?

The problems companies preparingfor an IPOrun into

The closer the filing date, the more your financial data has to be ready for review at any moment.

Financial statements not TFRS-compliant

Entries are recorded out of habit rather than to standard, so large volumes of retroactive adjustments are needed before filing, costing time and credibility.

Loose internal controls

With no clear approval path, auditors raise the same internal control findings year after year, which becomes a risk at filing time.

No change trail to look back on

Where did the figures come from, who changed them and when? The source is hard to establish because no trail of data changes is kept.

Late quarterly closes

Data is gathered by hand from several departments before every quarterly close. By the time it is consolidated, the Stock Exchange deadline is close and there is no time left to review.

Built for scrutiny

A system thatAuditor-ready and credible

Nested lays the foundation so every figure in your financial statements traces back to its source, with internal controls that follow good governance practice, so your team and your auditors can work together with confidence.

Every document has an edit history, visible in the document itself: who created it, who changed it and when.
Documents reference each other across the whole chain, from purchase requisition through to payment voucher, and from quotation through to receipt. To change an upstream document you must first cancel the downstream one, so every figure in the financial statements can always be traced back to its source.
Approved documents cannot be edited, and accounting periods are locked monthly. The approval must be withdrawn and the period unlocked first, so every retroactive change is a deliberate, auditable act.
Close the books to TFRS with a full report set for the auditors, plus year-end journals for the annual close.

Before vs after

A typical pre-IPO company Compare with Nested's Pre-IPO

The difference finance teams and auditors see from the first day of implementation

Topics

A typical pre-IPO company

Nested's Pre-IPO

Financial statements

Retroactive adjustments before filing

Close to TFRS from day one, ready to file immediately

Tracing figures back to their source

Hard to verify where figures come from

Trace from the financial statements back to the source document, with an edit history on every document.

Internal control

Auditors raise the same findings every year

Approved documents are locked, periods are locked, and accounting duties are separated from document work.

Quarterly close

Data gathered by hand, delayed right up to the deadline

Close faster and file on time

Getting started

Get the system readybefore the filing date

Nested's CPA team helps you assess readiness and build a system that fits your listing timeline.

Assess accounting and finance readiness with our CPA team

Our CPA team reviews the chart of accounts, the internal control system and the completeness of the documents behind the figures, against the criteria set by the Stock Exchange.

Align the chart of accounts and internal controls with TFRS

Restructure the chart of accounts to align with TFRS, assign approvers by department and branch, and set data access rights on internal control principles.

Go live and close the quarter faster

Start recording in the system with an edit history attached to every document. Close the quarter faster and hand the results straight to your auditors and financial advisors for review.

Common questions

Frequently asked questions aboutPre-IPO solution

Does the system support TFRS accounting standards for public companies?

Yes. The chart of accounts and the closing process are designed to align with Thai Financial Reporting Standards (TFRS), including the additional disclosures required of public companies.

How far back can you audit who changed what?

Every document carries its own edit history, viewable inside the document itself: who created it, who changed it and when. Combined with the rule that an approved document must be un-approved before it can be edited, and a locked accounting period must be unlocked first, every change leaves a trail with a clearly accountable owner.

Can it help prepare documents for auditors or financial advisors?

Yes. The system exports the financial statements and supporting reports that auditors or financial advisors need for the filing process, ready to use and with far less manual document preparation.

How long does preparation take before you are ready to file?

It depends on how prepared each company is at the start. Our CPA team assesses your situation and plans the timeline with you from the first meeting, so the system is ready in line with your actual filing schedule.

How long does it take to go live?

Faster than a typical ERP, which usually takes anywhere from 6 months to more than a year. Nested is designed to be configured and put to work quickly. If your chart of accounts and opening data are ready, some companies go live within 1 month. Actual timelines depend on the complexity and data readiness of each company.

Get ready to list on the stock exchangewith corporate governance built in