Expense management software for SMEs

The right software for every financial decision-maker

Whether you're a manager, CFO or chartered accountant, Fygr brings you tangible benefits in terms of time, reliability and control.

Fygr, the cash management software that simplifies everyone's day-to-day life

For SME managers

Reduce the time you spend checking entries thanks to automated reconciliation, so you can concentrate on developing your business rather than on administrative tasks.

For CFOs of SMEs

Benefit from instant visibility of cash flow and variances, to anticipate financing needs and secure results.

For account professionals

Offer your customers a smooth, reliable bank reconciliation process, increase efficiency and strengthen your position as a strategic advisor.

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FAQ

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What is bank reconciliation software?

Bank reconciliation software is a solution forautomating the comparison between accounting entries and bank statements. Its aim is to ensure reliable control of transactions, quickly identify discrepancies and improve cash flow visibility. Thanks to this type of software, companies - including very small businesses - save precious time in managing their accounting, while reducing manual errors.

How does automatic bank reconciliation work?

Automatic bank reconciliation is based on an algorithm that compares bank entries with invoicing data and accounting entries. Bank reconciliation software analyzes wording, amounts and dates to identify matches. In the case of transfers, cheque deposits or other operations, it matches the data in a matter of seconds, avoiding tedious manual processing in Excel.

Can I still do a bank reconciliation in Excel?

Yes, it is possible to use Excel to perform a bank reconciliation. You can create a bank reconciliation template, or even a bank reconciliation table template, to manually compare statement lines with accounting entries. However, the risk of errors is high, and following each step becomes time-consuming. That's why bank reconciliation software is so much more efficient.

What is the classic bank reconciliation process?

Here's an example of a typical bank reconciliation:
1. Import bank statement.
2. Compare each transaction (bill payment, transfer, cheque cashing).
3. Check any discrepancies between bank balance and accounting balance.
4. Adjust accounting entries if necessary.

==> Bank reconciliation software automates all these steps and reduces errors.

What are the advantages of automatic reconciliation?

Automatic reconciliation offers several key functionalities:
- Immediate detection of discrepancies and errors.
- Instant update of cash balance.
- Time-saving transaction processing.
- Reduced risk of duplicate invoices and bank entries.

Why choose bank reconciliation software for VSEs?

Very small businesses often have few resources to manage their accounting. Bank reconciliation software enables them to monitor their statements, manage bank entries and secure their cash flow without the need for advanced technical skills. Unlike Excel-based tracking, automatic bank reconciliation guarantees reliable tracking of transactions and better control.

Can artificial intelligence improve bank reconciliation?

Yes, some bank reconciliation software uses AI to speed up transaction processing. AI analyzes invoice wording and automatically reconciles amounts with bank statements. The result: considerable time savings, fewer errors and improved cash flow visibility.