Explore – ThinkOut—Cash Flow Management Platform

Explore

Discover what ThinkOut knows so far and will soon learn, in order to turn cash flow control from a don’t-want-to-hear-about subject into a nice-to-talk-about experience.

From the time being, we taught ThinkOut what it needs to know first so it can be of real help. We’ll keep developing the platform to become a savvy, intuitive tool to support everyday business decisions.

Explore chart

Foundations

Build and Compare Different Scenarios. See Which Way Goes Up

Making decisions is tiring. We deal with it on daily basis, even to buy a toothpaste. So it is only normal to experience some discomfort when it comes to business decisions. We believe we managed to solve that. From your ThinkOut account you can fill in different cash flow plans to compare various scenarios. The resulting cash movements will be reflected, by colors, in a graphic. You’ll see which one goes abruptly down and which is the cash flow plan you should stick to.

Poll 1

Make It Personal. Build Your Very Own Transaction Structure

There are no two businesses alike in this world. The way you run the business is very much your own. Though there are some basic common things, the differences lay in the details. Same goes for income and expenses structure. You can reflect this in your ThinkOut account by customizing the cash flow plan. Rename transaction categories, add new ones, even sub and sub-subcategories, groups etc. Just feel free to build the structure that works best for you. You’ll notice an eye icon at the beginning of each row. Use it to close a transaction row and those values will no longer be calculated.

A Helping Hand to Start the ThinkOut Experience

We thought it would be nice to help you with the first few steps. Just like when learning to ride a bike and you use those training wheels. We designed a pre-defined structure of the cash flow plan. It helps you to better understand how the platform works and how values are calculated. Use it to build your own plan. Beside the main categories, all the others can be changed. Keep existing categories or rename them, add new ones and organize it differently. And if you still have questions about how it works, just buzz us. We’re here to guide you.

Zoom In and Out. View the Cash Flow Plan in General or In Detail

It’s all in the details, but you may not see the wood for the trees. We’ve got you covered for both situations. Meaning that ThinkOut allows to view the cash movements per day, week or month for a period of time of your choice. You can enter values as often as you like. We recommend, however, that you update several times a week (daily would be great), so the compound values are aligned with the current cash situation. You’ll understand where you stand cash-wise and if urgent measures need to be taken.

Work With Different Currencies

We chose Euro as reference currency (maybe because we are based in Europe and we got sentimental). This doesn’t stop anyone from choosing another currency to work with. Just add them from the Settings section of the account. Then choose the currency for the values you enter in the cash flow plan and ThinkOut will automatically convert all the other values. Want to know more how to do this?

Work Together with Your Team. The More the Merrier

Though ThinkOut is not about having fun, it can be a nice experience to work on a collaborative platform. Think only about the time you gain by delegating tasks to others or the boost of motivation when people are empowered with certain responsibilities. Invite your teammates to join ThinkOut directly from your account and work together to keep the cash flow plan updated. Several people can add values simultaneously. You will be able to see modifications in real time. The more frequent the update, the more accurate the forecasting.

Poll 2

Where There Is Internet, There Is ThinkOut

The great thing about an online platform is that you can access it from any place with a decent internet connection. Even from the beach, if the cool breeze inspires you to throw an eye over the company’s cash flow (though probably not). Once the computer is online, you can check and update it from the office, home or the favorite coffee shop. Important decisions don’t have to wait until you arrive at work.

Next on the agenda

Activity Log and Alerts. ThinkOut Digest for the Morning Coffee

We’ll send you a weekly or daily digest about the platform movements straight in your Inbox. Only if you want it to, of course. It will be like reading the latest news, but without the violence and political fuss. We’ll keep you up to date with everything that happened on the platform (new value entries, modifications etc.). If you’re more into the “breaking news”, you can log in to the platform; alerts are displayed every time someone modifies a value or makes a comment.

Reporting. Boring Numbers Turn into Colorful Graphs

This will be ThinkOut’s main focus, actually. Data is valuable, but it is more important what you do with it. As fun as it may be (or not) to keep entering values in your company’s cash flow plan, there’s a greater purpose to that. Not saving the world (so fashionable nowadays), but giving you the right perspective to keep the business up and running. And nicely growing. This means that the data you enter so devotedly will translate into graphics and statistics. Those colorful lines and pie charts will tell you whether you need to step on it or lay back and relax.

Git Branching for Building Scenarios or Treeview of Your Cash Plan

Those of you with at least a bit of IT background surely know what we are talking about. It is based on the management of the source code principle. This is the feature we’ll take most pride in. For those of you who wonder what we are babbling about, just know that once we implement this, you’ll be able to set the scenario as in detail as you need to. Changing variables won’t affect fixed data, though you will be working on the same cash flow plan. You can go with your assumptions as far as you wish without altering the base of the plan, which remains unchanged.

Recurrent Transactions. Enter Once and Forget About It

Yes, it is very annoying to be forced to enter the same value every month on the same day. Not to mention more often than that. Those who work with spreadsheets understand it well. We don’t want our platform to annoy you; not for a second. So we thought it would be nice to give you the possibility to set recurrent transactions. You’ll be able to set the time and number of repetitions for certain values (e.g., rent, supplier bills or salaries ). Once this is done, you’ll only have to worry about the other occasional ins and outs of cash flow.

Prioritise Expenses and Dribble the Cash Flow Gap

Just like you prioritise tasks because you can’t physically do everything on your to do list, the same is with expenses. Cash is a limited resource (most resources have this irritating trait), so at some point you will get close to the infamous Zero Cash Date. To avoid the cash flow gap, you’ll be able to use ThinkOut to see which bills are due on a certain date and decide which to pay first.

What do you think

We build ThinkOut to solve your cash flow management troubles, so who, rather than yourself, knows better what the platform should do? Get actively involved in developing a tool that suits your business and management style as well as possible.

Tell us what you think we should add or remove, what features need improvement. Do you have any difficulties in using it? Do you see a different approach? Don’t be shy, we’re here to listen. Be sure all your recommendations are taken seriously.

So write to us: office@thinkout.io