A young mission-driven company with growth ambitions
Wacols develops and distributes nutritious flours made from vegetables and plants for artisan bakers. This innovation allows for the creation of naturally colored breads, enriched with protein, fiber, or low in sugar, thus combining nutrition and health.
For Collins Njiakin, co-founder of Wacols, managing a company undergoing significant structuring requires a complete control over cash flow. But like many young entrepreneurs, he faced a major challenge: managing his finances without a dedicated CFO, while staying focused on business development.
Time-consuming Excel Spreadsheets and Limited Visibility
Before adopting Okimia, Collins managed his cash flow like most growing SME leaders: with Excel spreadsheets and repeated logins to his banking app.
The process was cumbersome and prone to errors. He regularly logged into his banking app, manually retrieved the data, and entered it into Excel to perform reconciliations.
This manual method had real consequences:
- Time wasted on low-value manual tasks
- Risk of errors during data entry and consolidation
- Lack of visibility into spending categories and revenue sources
- Stress due to the absence of a clear overview of the actual financial situation
"I used Excel spreadsheets, logged into my bank's app, and retrieved the data. I would then enter it into Excel to reconcile accounts. There were errors, and it was time-consuming."
For a co-founder wearing multiple hats, this wasted time hindered the company's development.
A solution discovered out of necessity, adopted for its simplicity
Faced with these frustrations, Collins began searching for a solution by researching online, which naturally led him to Okimia.
The turning point: optimizing his time. Above all, Collins sought to accelerate his financial management processes and eliminate time-consuming manual tasks.
What made the difference
Automatic bank synchronization immediately appealed to Collins. No more repeated logins to the banking app and manual data entry. Transactions are now automatically imported into Okimia.
Smart categorization of expenses and income transformed his financial outlook. Various payments and purchases are directly recorded in Okimia and automatically categorized, providing immediate visibility into spending categories.
This new clarity directly impacts strategic decisions. Collins can now precisely identify revenue sources and analyze his cost structure without manual effort.
Tangible daily results
While Collins doesn't quantify the time saved in hours, the qualitative impact is immediate :
- Substantial time savings on bank reconciliation tasks
- Elimination of errors from manual entry
- Real-time visibility into cash flow
- Clear classification of expenses and revenues
"Before, we didn't have a clear picture. The classification is simple: you can really see where the different revenue streams are coming from."
The support also played a key role in adoption, with responsive assistance available by phone, email, or chat directly within the application.
A lasting transformation for confident financial management
For Wacols, Okimia filled a crucial gap: that of accessible professional financial management, even without an in-house CFO.
Collins summarizes his view of Okimia in three words: simple, intuitive, and useful.
Beyond saving time, the entire financial organization of the company has become professionalized. Collins can now make informed decisions based on reliable and up-to-date data, while dedicating his energy to business development rather than consolidating Excel spreadsheets.
"I would recommend it because it's a great tool when you're starting your business. You don't necessarily have the capacity to hire a CFO to do analyses for you. So when you want to perform these tasks and have real-time insight into your cash flow, it's useful."
For Wacols, the adventure is just beginning. With a solid financial foundation and clear visibility into its cash flow, the company can focus on its mission: revolutionizing artisanal baking with its innovative nutritious flours.