X-Tract is a technology start-up that is revolutionizing safety at sporting events with an innovative mobile application. Distributed to all participants in a race, this app enables rescue teams to intervene much more rapidly in the event of a problem on the course. Founded by a trained developer, X-Tract has rapidly grown around a strong mission: to make outdoor events safer and better connected.
But as with many technical entrepreneurs, financial management - and cash flow in particular - was not an innate skill. Founder Titouan Parand confides:
"I don't have a background in finance. When I launched X-Tract, I had to learn how to manage all the other aspects of a business, including cash flow."
Before we structured our finances, cash flow was managed as best we could in Excel, with all the risks of error and lack of visibility that this implies.
The conclusion was simple: without a suitable tool, cash management was becoming a source of uncertainty and stress.
"Before Fygr, I didn't manage it, or not very well. I used Excel as a basis, but it was far from reliable or up to date."
Your main need? To have a clear, reliable and simple view of cash flow, both for the current situation and for the coming months. As a manager, Titouan Parand was looking for a solution that would :
Fygr was a natural choice, thanks to its clear positioning: an intuitive solution, designed for managers - even non-financial ones - with strong human support.
"What has really changed is that I feel confident. Before, it was a grey area. Now, I know where I stand. If I have a question about my cash flow, I open Fygr, and I have my answer."
Three aspects of Fygr now make all the difference in X-Tract's day-to-day work:
Fygr lets you instantly categorize and visualize all flows, so you can see at a glance the financial health of your business.
By modeling certain flows (salaries, subscriptions, etc.), managers can easily anticipate their cash flow over several months.
The Scenarios module lets you test different hypotheses (hiring, subsidies, investment), and visualize their impact on cash flow.
"I can check or uncheck a future expense, and see directly the effect on my cash flow. It's very powerful for making the right decisions."
In addition, the Fygr support plays a central role:
"I've always had a responsive contact, ready to do a visio to answer my questions or take on board my suggestions. That's really appreciated."
Today, Titouan Parand recommends Fygr to all the entrepreneurs in his network:
"It's super affordable. The cost of entry is low, getting started is fast, and you can see the return on investment right away."
Thanks to Fygr, X-Tract has gained in serenity, clarity and financial control. Far from being a simple tool, Fygr has established itself as a true co-pilot of cash management.