Cash flow forecasting is a “team sport”!

If you are a business owner, most probably cash flow forecasting is among many responsibilities that you have.

But are you the only one who is making and adjusting the assumptions that your forecast is based on? And are you the only one who’s decisions depend on what your forecast suggests will happen? Probably not.

Most probably you collaborate with your team members, the outsourced accounting firm, external investors and many other parties. In “pre-Tailwind era” this often meant you created a spreadsheet, then shared copies of it with others, asked for their input and then tried to update the “master file” based on that. Which was…very inefficient.

We don’t like inefficiencies. So we made it possible for you to invite others to collaborate with you on your forecast in real time. Just go to Settings / Users, click on Invite another user, type their email address and…that’s it!

The invited user will then receive an invitation to join your Tailwind account. They will have to authenticate themselves with either SMART ID or their Google account just like you did when you created the account.

When the invited user adds or edits a transaction, you will see it right away. So you can collaborate during the calls you have. Or you can agree that one user is editing incoming transactions while another one takes care of outgoing ones or have it any other way.

Not everything lasts forever and sometimes your team members might quit. Then you can simply delete their addresses from the list of users and they will no longer have access to your Tailwind account!

If your company is a startup that has just raised investment from venture capital firms or other investors, inviting their representatives to access your Tailwind account will save you a lot of time. Otherwise you will have to spend time preparing periodic reports for them and …. we are sure you have more valuable tasks to spend your time on.

Invite your investors to access your Tailwind profile and they can follow your progress in real time. By the way, did you know that Tailwind also shows your historic transactions and subtotals / totals per client, project, supplier and period? In, Out and Tags sections allow to choose the time period you need and view data on this period.

Cash flow forecasting can and should be simple!