#Japan #Tokyo #Joint Approach #Spike Accounting

Introduction

Spike Inc. and Spike Accounting Office, located in the heart of Shinjuku, Tokyo, have announced the launch of their new operational tool, Joint Approach Tools (abbreviated as JAT). This innovative service is designed to assist companies in establishing effective internal controls during their preparations for an IPO, otherwise known as Initial Public Offering.

What is Joint Approach?

Under the guiding principle of STEP IN, the Spike Group focuses on client-centered services that challenge traditional methodologies. They have developed Joint Approach as a method for resolving common issues encountered during the preparation for an IPO. The service has emerged in response to client feedback indicating a need for a solution that differentiates itself from other IPO consultants. Some of the prominent challenges that Joint Approach addresses include:

• - Overwhelming confusion in business operations caused by numerous tasks highlighted through external short reviews by specialists
• - The tendency to overlook foundational elements in favor of refining inadequate internal regulations and addressing complex accounting treatments
• - Stagnation due to interdepartmental conflicts that prevent progress
• - Excessive dependency on specific individuals, hindering smooth IPO readiness

Joint Approach primarily focuses on the key processes that constitute the bulk of a company's P/L, particularly sales revenue, cost of goods sold, and personnel expenses. It emphasizes continuous improvement at the joints or interfaces of these critical processes.

JAT (Joint Approach Tools)

In order to streamline the IPO preparation process, the JAT framework categorizes the internal control establishment into three distinct stages, likened to the operation of a car: Ignition, Idling, and Cruising. The JAT suite provides the necessary tools to support companies through these phases:

• - Starting Map: A tool for sharing prerequisite conditions such as corporate culture.
• - Current Status Review: An inventory and sharing tool for assessing existing conditions.
• - Joint Check Sheet: A platform for sharing identified challenges and proposed improvement strategies.
• - Optimizer: A tool for achieving overall optimization of processes.

About Spike Group

Spike Inc. and Spike Accounting Office pride themselves on offering comprehensive support to startups and providing expert accounting services. They aim to enable businesses to transition smoothly into the IPO phase by implementing structured internal control mechanisms that are both effective and efficient.

Company Overview:

• - Name: Spike Inc.
• - Address: 5th Floor, 33 Kantei Building, 2-11-7 Shinjuku, Shinjuku-ku, Tokyo
• - Director: Tanaka Yasunori (Certified Tax Accountant)
• - Business Focus: Startup support, tax accountant services
• - Website: spiketax.co.jp

For Inquiries

For any inquiries regarding this announcement, please contact the Spike Inc. public relations team at [email protected].