Cloud finance apps are on the up The pandemic proved a cloud technology tipping point for many businesses
@joiinreporting
Paul Shipway, Commercial Director, Joiin Paul Shipway is a senior director with a broad range of experience across multiple industries and an extensive background working with internal and external finance teams across the SMB sector. Having grown several businesses from start-up to exit, Paul understands the complex challenges business owners and their advisors face and the importance of delivering accurate financial data in a fast, effective, and efficient way.
With technology adoption accelerated by the pandemic, the uptake of Joiin’s cloud consolidated reporting platform is currently more significant than ever. This article is
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hen the pandemic hit, none of us knew what to expect. It was unchartered territory. For some business finance teams and accountancy companies, the start of lockdown presented significant challenges. Think staff unable to access office-based servers when working from home; even desktop machines being moved to people’s homes so they could access software and work. Businesses had to make big decisions daily and adapt to change quickly. Most pivoted to technology like Zoom or Teams. Fast forward two years, and the pandemic has transformed working life, seemingly forever. A recent McKinsey study highlights that technology adoption and digitalization amongst businesses accelerated by several years during to the pandemic. What we’ve seen at Joiin presents a similar story: the uptake of cloud finance
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technology amongst companies is now more prevalent than ever. Our Joiin consolidated reporting app for Xero has never been more popular.
uptake as businesses searched for solutions once office norms were shattered by the new standard of lockdowns and working from home.
We’ve seen a dramatic rise in business finance teams and accountancy advisors using our Joiin platform to do much of the heavy lifting when it comes to consolidated financial reporting. Our platform provides a shared, single source of precise data that enables our customers to run consolidated group reports quickly and easily, all in collaboration with others. Moreover, they get to plug and play with different features such as off-the-shelf reports with editing options, inbuilt currency conversions when handling multicurrencies, and multi-user rights for greater collaboration.
Successful business finance teams and accountancy advisors adopted new technology and the right technology. Tools accessed by staff at different remote working locations and ones that championed both teamwork and collaboration and provided a single source of financial data for all to see.
A shared story Our story is one you’ll likely hear many times over amongst cloud software-as-a-service providers. It’s one of greater technology
Once these teams found they were able to collaborate and communicate better, in turn, they helped to reduce the pandemic’s impact on business revenue, profits, and operations. One of our Joiin customers told us of a situation where numerous staff were trying to consolidate the finances for multiple global subsidiaries during the pandemic, literally from their front rooms. With so much change happening fast, they leapt to Joiin during
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