Wacols develops and distributes nutritious vegetable and plant-based flours for artisan bakers. This innovation makes it possible to create breads that are naturally colored, enriched with protein, fiber or low in sugar, thus combining nutrition and health.
For Collins Njiakin, co-founder of Wacols, managing a company in the throes of structuring requires perfect control of cash flow. But like many young entrepreneurs, he faced a major challenge: managing his finances without a dedicated CFO, while keeping his focus on developing his business.
Before adopting Fygr, Collins managed his cash flow like most growing SME managers: with Excel spreadsheets and repeated connections to his banking application.
The process was cumbersome and error-prone. He regularly logged on to his banking application, took the data manually and entered it into Excel for reconciliation.
This artisanal method had concrete consequences:
"I used to use Excel spreadsheets, connect to my bank's application, and take the data from there. I'd enter them into Excel to make the balances. There were errors, it was time-consuming."
For a co-founder who has to wear several hats, this lost time was a hindrance to the company's development.
Faced with these irritants, Collins began searching the Internet for a solution, which naturally led him to Fygr.
The trigger: optimizing time. Collins was looking first and foremost to speed up its financial management processes and eliminate time-consuming manual tasks.
Automatic bank synchronization immediately appealed to Collins. No more repeated connections to the banking application and manual recopying. Transactions are now automatically imported into Fygr.
The intelligent categorization of expenses and income has transformed his financial vision. The various payments and purchases are recorded directly in Fygr and automatically classified, providing immediate visibility of expense items.
This new clarity has a direct impact on strategic decisions. Collins can now accurately identify revenue sources and analyze its cost structure without manual effort.
While Collins does not quantify the time saved in hours, the qualitative impact is immediate:
"Before, we didn't have a clear vision. The classification is simple: we can really see where the different sources of income come from."
Support has also played a key role in adoption, with responsive support available by phone, email or chat directly in the application.
For Wacols, Fygr has filled a crucial gap: that of accessible professional financial management, even without an in-house CFO.
Collins sums up his vision of Fygr in three words: simple, intuitive and useful.
In addition to saving time, the company's entire financial organization has been professionalized. Collins can now make informed decisions based on reliable, up-to-date data, while devoting his energy to developing his business rather than consolidating Excel spreadsheets.
"I'd recommend it because it's a good tool when you're just starting out in business. We don't necessarily have the capacity to take on a CFO who's going to do analyses for us. So when you want to do these tasks and have a vision of your cash flow in real time, it's useful."
For Wacols, the adventure is just beginning. With a solid financial base and clear cash flow visibility, the company can focus on its mission: to revolutionize artisan bakery with its innovative nutritious flours.