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MTC · Industry Depth, Global Breadth

ERP data and control evidence for an SGX readiness programme

MTC turns the IPO programme’s financial-reporting, internal-control and risk requirements into SAP workflows, access controls, traceable data and repeatable test evidence, coordinated with the board, audit committee and professional workstreams.

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  • Transaction evidence
    Trace source, approval and change history
    Logs and authorisations must be configured and tested
  • Control execution
    Turn policy into testable system behaviour
    Human oversight and independent review remain necessary
  • Remediation status
    Track gaps, owners, evidence and retesting
    Place ERP remediation within the wider IPO-readiness programme

MTC organises ERP remediation and evidence into work packages that the company, sponsor, auditors and legal advisers can review against the current SGX route and programme requirements.

IPO readiness requires an ERP foundation that will operate after listing

Product selection should cover transaction volume, entities, financial reporting, access, evidence retention and migration rather than creating a temporary system solely for the listing project.

SAP Business One

MTC establishes traceable operating and finance records, role permissions and repeatable close evidence for a growing Singapore entity preparing for external review.

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SAP S/4HANA Cloud Public Edition

MTC implements standard multi-entity processes, data ownership and reporting that can continue through listing readiness and subsequent growth.

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SAP Cloud ERP Private

MTC leads complex control remediation and ERP transformation for larger groups, existing SAP landscapes and programmes with substantial evidence and migration demands.

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Systems and control gaps commonly found during readiness work

Management and statutory numbers do not reconcile
Adjustments and spreadsheet logic live with individuals rather than in a controlled process.Business impact:A diligence team cannot readily reproduce how a key number was formed.
Segregation of duties exists only in policy
Roles, delegated approvals and emergency access are not reviewed against actual system use.Business impact:A document alone cannot demonstrate the control is operating.
Remediation is not retested
A changed rule is closed without realistic scenarios and approved evidence.Business impact:The same weakness can return in the next review.

ERP remediation and control-testing evidence

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MeasureDefinition / calculationReview direction
Gap-closure completenessGaps with design, test, evidence and independent review complete↑ Increase verified closure rate
Access exceptionsUnauthorised, excessive or expired access found in review↓ Reduce unresolved exceptions
Key-number trace testSamples reproduced from report or disclosure to source and approval↑ Increase trace-test pass rate
Evidence traceability
Selected figures, transactions, approvals and changes can be traced through a sample.
Configured control tests
Access, segregation, period lock and approval rules have explicit test cases.
Remediation ownership
Each gap has a business owner, system owner, evidence and retest outcome.

Control-remediation design and evidence cycle

MTC works with business and IT to translate each approved control design into workflow, access, data and test evidence for the wider readiness programme.

Requirement and gap
Control design
Configure process and system
Scenario test and evidence
Independent review and monitoring
MTC turns control requirements into configured workflows, access, data lineage, test scripts and retained evidence that the readiness team can review and retest.

IPO programme controls

  • Financial-report definitions and adjustments
  • Roles, access and segregation of duties
  • Change logs and period controls
  • Remediation evidence and regression tests

Data traceability, control configuration and operating evidence

The programme defines source data and reporting logic before configuring controls and establishing periodic operating reviews.

  1. Source data and reporting definitions

    Define material accounts, adjustments, management reports and disclosure sources.

    Ledger & Reporting · Data Dictionary

    Data lineage and reporting-definition register.

  2. Control configuration and testing

    Apply approved access, workflow, period and change rules in system and procedures.

    Authorisation & Approval · Change Log

    Configured controls, test scripts and retained evidence.

  3. Operating review

    Review access, manual adjustments, unusual transactions and remediation evidence.

    Control Monitoring · Exception Summary

    Review calendar, exception ownership and retest records.

MTC leads ERP and digital-process design, implementation and system-evidence preparation, working with the sponsor, auditors and legal advisers as part of the company’s listing-readiness programme.

SGX readiness and ERP scope questions

How can SAP ERP support SGX internal-control readiness?
MTC implements financial-reporting, access, segregation-of-duties, period-control and remediation requirements in SAP processes and produces test evidence for ongoing review by the board, audit committee and professional advisers.
Are Mainboard and Catalist systems-readiness requirements identical?
Both need reliable records and controls, but their listing structures and responsibilities differ. A Catalist issuer must retain a sponsor. Current requirements should be confirmed from SGX rules and professional advice.
How long before an IPO should ERP remediation begin?
The schedule is worked back from historical-data remediation, revenue and cost process changes, access updates, a stable operating period and repeated control testing, then placed within the wider readiness plan.
How does MTC work with a Catalist sponsor and professional advisers?
MTC organises ERP remediation, data traceability, control configuration and test evidence into reviewable work packages, and works with sponsor, audit and legal teams on their system and data questions.

Define the remediation plan for ERP control gaps

The current gap list, reporting definitions, access rules, test records and input from management and professional advisers provide the basis for system changes, test evidence and assigned responsibilities.

  • ✓Data lineage and reporting definitions
  • ✓Access, approval and change controls
  • ✓Testing and retained records
  • ✓Responsibilities across MTC and advisers
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