ThinkOut

ThinkOut is an online platform offered by the vendor ThinkOut that aims to provide financial analysis and forecasting for Small and Medium Enterprises (SMEs). According to the vendor, ThinkOut helps SMEs monitor their cash flow, make informed financial decisions, and maintain control over their finances. It is designed to be used by entrepreneurs, small business owners, managers, financial professionals, and accounting professionals.

Key Features

Bank Integration: ThinkOut offers bank integration functionality that allows SMEs to retrieve transaction information from their connected bank accounts. According to the vendor, this feature automatically populates the corresponding income and expense categories in the cash plan, providing SMEs with a convenient way to monitor their overall revenue and payments.

Forecasts: Based on transaction history, ThinkOut generates forecasts of income and expenses for the upcoming months. According to the vendor, users have the flexibility to adjust these forecasts at any time or add their own estimations, empowering them to stay in control of their finances and take timely action.

Edifying Dashboard: ThinkOut provides an informative dashboard that displays the total balance for connected bank accounts, revenue and expenses of the past three months, and the cash runway based on the current balance and expense rate. According to the vendor, this real-time overview allows SMEs to assess their financial status at a glance.

Explicit Graphics: ThinkOut translates transaction data into visually appealing charts that offer insights into the structure and evolution of income and expenses. According to the vendor, these explicit graphics enable users to gain a deeper understanding of their cash flow dynamics.

Income and Expenses: ThinkOut's cash plan allows SMEs to monitor cash inflows and outflows. The cash plan can be automatically populated through bank integration or manually filled in on a customizable structure. According to the vendor, it provides a detailed view of how cash flow is reflected in various business activities, such as revenue from sales, salary payments, taxes, and office or transportation costs.

Filters: ThinkOut allows users to apply filters to the cash plan, enabling them to focus on specific information, such as transactions made from a particular bank account or specific expense categories. According to the vendor, this feature helps SMEs analyze specific details to run their business more efficiently and make well-informed decisions.

Automated Currency Conversion: ThinkOut offers automated currency conversion functionality, allowing users to easily monitor transactions in different currencies. According to the vendor, the platform automatically calculates currency conversion based on the chosen display currency, ensuring accurate and up-to-date financial information.