Tailwind Partners with Nordigen to Launch a Visual Cash Flow Management Tool

  • Management
  • 03.11.2022 11:20 am

Tailwind is teaming up with Nordigen to provide the next-generation cash flow predictions and visualisations tool based on open banking transaction data.  

Tailwind is a cash flow management tool designed to help owners and managers of professional services firms save time and instantly see actionable insights. Simplicity, visualisation and ease of what-if modelling are the main  advantages of Tailwind.

Customer data is protected through the use of Smart ID in combination with the direct account connections through Nordigen's open banking APIs.

“My co-founder and I have been managing several professional services firms and were always frustrated by the amount of time it took us to be in control of our cash flow. We then interviewed 100+ other entrepreneurs in six different countries and understood our experience is far from unique. Owners and managers of such firms have the unfortunate choice between spending several hours a week updating complex spreadsheets or not doing forecasting at all and just hoping for the best. This did not feel right, so we built Tailwind and Nordigen as our open banking provider enabled us to bring our ideas to life,'' says Kārlis Mikoss, Founder & CEO, Tailwind. 

The Tailwind integration with Nordigen allows customers to connect their bank accounts directly to the cash flow planning tool, omitting the use of manual data input and ensuring data within the platform is always up-to-date and accurate. This leads to more precise predictions and analysis. 

"We are excited to see another Baltic company enter the market with a modern, tech-forward tool that will help business owners take control of their finances and predict the future cash flows of their companies. Open banking is immensely helpful when it comes to automating data and creating enhanced processes for SMEs to benefit from," states Rolands Mesters, co-founder and CEO of Nordigen.

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