Enhancing Financial Clarity and Efficiency at Joist

Joist is a marketplace platform designed to help contractors run their business seamlessly—estimating, invoicing, collecting payments, and managing projects anytime, from anywhere. To keep pace with their rapid growth, Joist needed robust financial systems and a finance team they could trust. BrightIron stepped in as their full back-office finance partner, delivering bookkeeping, fractional Controller, and CFO services to help Joist scale confidently.

Joist needed to establish comprehensive financial systems and processes capable of supporting their rapid growth. They required efficient automation, accurate and timely transaction management, clear monthly financial reporting, and strong forecasting capabilities.

Additionally, Joist sought reliable payroll processing across both US and Canadian operations, effective cash management, streamlined accounts payable processes, and detailed reporting for their investors and Board.

BrightIron partnered with Joist to design and implement robust financial processes and automated systems, significantly enhancing operational efficiency. We carefully managed the entry of all financial transactions into QuickBooks, delivering accurate and timely monthly financial reporting.

Our team provided comprehensive support for investor and Board reporting, ensuring transparency and clear communication with stakeholders. BrightIron developed and maintained Joist’s financial model, improving forecasting accuracy and strategic decision-making capabilities. Additionally, we performed regular monthly budget versus actual variance analyses, offering actionable insights for optimization.

BrightIron efficiently managed payroll processes for Joist’s US and Canadian employees, ensuring compliance and timeliness. We also streamlined accounts payable and cash disbursement processes, improving cash flow management and operational effectiveness.