FDBusiness.com

Loch Lomond, part of the Loch Lomond Group, has selected Wolters Kluwer’s online accounting service Twinfield UK, for its cloud accounting platform. The independent distiller and blender of some of the finest and rarest scotch whiskies in the world will use the solution across its two distillery sites in Campbeltown and Alexandria and its warehouse site in Ayrshire, Scotland.

The company chose Wolters Kluwer as it required a cloud accounting solution that could be implemented easily and quickly ahead of its new financial year.

“We needed a solution that could be implemented across multiple sites – as our users are not always based at the same location,” says Laura Cummings, Financial Controller at Loch Lomond. “Previously our accounting system had to be locally installed at each site in order for staff to gain access. This could be particularly frustrating if staff needed to access information from home or from a different site to where they were usually based.”

Cummings continues, “I had used Wolters Kluwer’s Twinfield online accounting service at my previous company, therefore I was confident that it would meet our requirements and that the team of six would be able to work from the same system, enabling any changes to be automatically updated and shared across users. Prior to using Twinfield, one member would have had to make updates on a central system which was both time consuming and also limiting to how much could be done.”

Having implemented the cloud solution in October, Loch Lomond is already seeing a number of benefits – not least that they are now more productive due to the time savings they have made using Twinfield. In addition, they are able to run regular reports in order to help bring greater connectivity, collaboration and intelligence to business and financial planning.

Cummings explains, “We’re now able to capture data instantly at a customer level providing valuable insight into trends. Previously we would have had to do this offline and it might have taken a week to gather all of the information. We are using Twinfield as a database, capturing all the data at the source and then using the time we have gained to add additional value to the business.”

Diane Williams, Interim Head of Twinfield UK at Wolters Kluwer, comments: “Cloud accounting is helping organisations such as Loch Lomond to gain greater insight for business and financial planning. It also brings speed, accessibility and ease of use to users right across the organisation and empowers those using the system with real-time data to support operational and strategic decision-making.”