Improve your interest income with Agicap's all-in-one solution and KPMG's advice.
Patrick Doucet, CEO of Ecophyse, entrusted KPMG with the deployment of the Agicap tool to simplify and consolidate the cash management. Thanks to KPMG's expertise and the support of the Agicap teams, Ecophyse was able to use the tool within a week.
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Key takeaways
Ecophyse specializes in trading and consulting on waste recovery, transforming it into raw materials for industrial customers. Trading activities (approximately 90% of revenue) require precise monitoring of available cash flow to be able to purchase in large volumes when prices are favorable, without jeopardizing the company's liquidity.
Patrick Doucet needed a stable and reliable solution that would allow for more accurate cash flow forecasts. Deploying Agicap allowed him to go further and identify excess cash that could be invested in risk-free short-term products to generate financial gains while guaranteeing the liquidity of each operating entity.
Agicap enables Ecophyse to monitor the impact on its margin of significant fluctuations in raw material purchase/sale prices.
Kimberley Aviles, a treasury consultant at KPMG, supported Ecophyse during the implementation of Agicap and trained on-site all teams.
" We previously managed our cash flow by connecting to different portals of our banks and then centralised and consolidated everything through an Excel file manually. Thanks to Agicap we are now able to centralise and unify the flows automatically and thus arrive at a truly centralised management and arbitration of our cash flow. "
Only 1 week
was needed for the teams to get started with Agicap
500+
beneficiaries payable directly from Agicap
1,000+
customer invoices monitored via Agicap
Customer’s history
Ecophyse is one of the leading independent French companies in the market for recycling solutions and waste recovery.
Magali Frontero founded Ecophyse in 2006 in the Indre-et-Loire region. The company connects waste recovery organizations with manufacturers capable of transforming waste into usable materials. It serves both businesses and public stakeholders (local authorities).
The company also offers training and consulting services, and since 2016 has been developing a range of fun and interactive sorting containers under the HappyLoop brand. Finally, in 2019, Ecophyse created a platform dedicated to hosting eco-responsible and innovative projects: Le Pôle aire (Pôle d'Activités Innovantes et Responsables by Ecophyse).
In 2023, Ecophyse earned the "Entreprise à Mission" (Mission-Driven Company) status, underscoring its commitment to balancing profitability with environmental impact.
Customer’s needs
Ecophyse needed to consolidate its bank accounts, spread across four different banks, to obtain a unified and actionable view. Without this centralization, managing daily operations and monitoring medium- and long-term customer accounts remained complex and time-consuming. Patrick Doucet and his teams were using Excel spreadsheets and were dissatisfied with the accuracy of the information displayed or the time required to update it.
Patrick Doucet was looking for a modern, integrated solution to replace Ecophyse's multiple Excel files. Aware of the challenges associated with the transition, he knew that dedicated support would be essential to:
Facilitate teams' adoption of the tool,
Adapt the solution to Ecophyse's specific needs (connection to banks, integration with other software used),
Raise awareness among teams of the potential benefits linked to improved cash flow management (expense analysis, customer receivables monitoring, monitoring of outlows/inflows schedule).
Solution
For a rapid and secure deployment of Agicap, Ecophyse sought the expertise of KPMG consultants, with Kimberley Aviles leading the project, supported by the Agicap teams. In one week of on-site training, the team received comprehensive support: solution configuration, dashboard customization, and training in a new cash management methodology. The project covered the integration of accounting and banking data, the configuration of inflow and outflow categories, the automation of customer reminders, and the implementation of EBICS contracts to execute payments directly from Agicap. A module dedicated to card expense management was also integrated, simplifying the management of expense reports and subscriptions.
Kimberley Aviles emphasized the importance of preparatory meetings to ensure the rapid deployment of the solution as well as making sure that all of Ecophyse's needs were met.
Thanks to this collaboration, Agicap enabled Ecophyse to more accurately monitor its overall outstanding balance and DSO (Days Sales Outstanding). The implementation of short-, medium-, and long-term cash flow monitoring modules provided Patrick Doucet and his teams with the up-to-date data needed to inform their strategic purchasing and selling decisions, which are essential to their trading activity.
Finally, Agicap enabled the Ecophyse team to achieve additional financial gains not anticipated in the initial specifications. More accurate and reliable cash flow monitoring enabled them to identify cash surpluses that could be invested in the short term, thereby improving the company's financial income without jeopardizing the liquidity of each operating entity.
" Working with Kimberley has transformed our cash management. Thanks to her expertise and the Agicap tool, we have implemented effective dashboards and adopted a new methodology for our forecasts, significantly improving our approach. "
Conclusion
The Ecophyse example demonstrates that Agicap is the ideal cash management solution for companies looking for an integrated and easy-to-use tool. The platform centralizes all banking data and cash flows, while meeting key business needs: supplier payments, management of overdue receivables, and tracking expense receipts and expense reports.
Thanks to KPMG's support, Agicap was quickly implemented and adapted. Combining the expertise of KPMG consultants with Agicap's all-in-one solution enabled Ecophyse to identify new levers for financial gains, generating "an immediate return on investment," as Patrick Doucet emphasized.
