The Loop - AccountantsSeptember 23, 202600:07:15

Joiin launches three-way forecasting, with group consolidation built in

Joiin, who sponsor the show, have switched on forecasting. It's a full three-way, so a change to revenue carries through to the balance sheet and cash, and it builds from your historical figures inside the reporting you already use rather than an offline workbook. You can describe what you expect in plain English, a seasonal dip or a jump in overheads, and Joiin AI turns it into rules you can still review and adjust.

Indi Tatla has run a multi-entity business across several jurisdictions, and for her the consolidation is the standout: eliminations and parent and subsidiary structures handled in one place, which very few tools have done well.

John Toon thinks three-way should be the minimum for any forecasting tool. What appeals to him is the chat side, trying a change in seasonality or scope without breaking the model you've got, and the group forecasting. Until now multi-entity has meant forecasting each company on its own and bashing the lot together in Excel. He still thinks multi-entity is underserved, and that integration gets hard once a group runs several ledgers.

From episode 6.38 of Digi-Tools in Accrual World, with Indi Tatla, John Toon and Ryan Pearcy.

Digi-Tools in Accrual World is The Loop's weekly accounting tech podcast, hosted by Ryan Pearcy, John Toon, Indi Tatla, Eriona Bajrakurtaj and Ian Gregory.

Full episodes: https://digitoolsinaccrual.world
Newsletter and live sessions: https://www.linkedin.com/company/thedigitaldisruptors/
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