Trend #2. Data insights driving better decision making
As discussed with trend #1, gaining time through automated technology allows accountants to focus on strategy, growth, and profitability with their clients, providing them with insights, advice and added value.
Gone are days when accounting teams were seen as bookkeepers or number crunchers, processing transactions or working discretely behind the scenes.
Today, the right technology can save accountants time and provide them with instant access to powerful reports and analyses – also generated automatically – which deliver the accurate insights they need to be more proactively strategic and advisory.
Such adopted technology can often be accessed by staff at different remote working locations, providing a single source of data insights and reports for all to see. Our Joiin platform lets you collaborate better, and with hybrid working from home and the office, platforms like ours continue to help accountants and finance teams successfully collaborate and deliver services remotely.
“Today, the right technology can save accountants time and provide them with instant access to powerful reports and analyses, which deliver the accurate insights they need to be more proactively strategic and advisory.”
What do greater insights mean for you?
A seismic shift away from a more static mode of working (simply crunching numbers) to one where data is dynamic and enables you to grasp the figures and make fast, accurate decisions quickly; be inquisitive; explore ‘what will happen next?’ and predict outcomes.
How can Joiin help with insights?
Joiin is proven to deliver greater insights. In our recent Joiin customer survey, we found that 94% of respondents feel Joiin provides quicker and better insights into the overall performance of their group.
Our Joiin platform automatically delivers a range of reports, either straight off-the-shelf reports or with the help of editable reporting features, so you can create reports precisely as you want them.
Alongside the ICAEW (Institute of Chartered Accountants England & Wales), we published a feature article exploring the five types of digital reporting available within Joiin and why you need them to help make sense of all the financial data available to you. Read our digital reporting feature article ›
About this blog series
In this blog series, we look at three accounting technology trends and, more importantly, what they mean for you. Part 1 looks at continued automation, part 2 covers greater data insights, and part 3 the benefits of product-led growth.
We hope the series will support your thinking around new technology and provide information that aids decision-making.
The series is for people looking to leap into new technology, considering what tech could be right for them, or those considering how to enhance their existing technology stack. We hope to support your thinking by examining the three trends and providing information that assists decision-making.