Agicap vs Fyorin
Agicap vs Fyorin Treasury & Cash Management Comparison
Dedicated multi-currency accounts in 100+ currencies | ||
Domestic payment routes | ||
Automated payables | * | |
Bulk payments | ||
Automated payroll | ||
Automated receivables | ||
Sub-accounts | ||
Expense Management | * | |
Connect existing bank accounts | * | |
Unified Treasury management across different financial institutions | ||
Diversification of liquidity risk | ||
API capabilities | ||
FX Hedging | ||
Easy access to customer support | ||
Frictionless implementation | ||
Agicap is a liquidity and cash management platform designed to help businesses gain better visibility into cash flow and optimise their treasury processes. Their solution brings together financial data from various sources to run reports, forecasts and do liquidity planning and build custom dashboards. While Agicap provides financial operations as part of their offering, the processes are not fully automated within the platform. Agicap acts as a centralised hub for approvals, invoice management as well as invoice follow-ups and analytics.
Unified Financial Operations
Fyorin centralises key financial processes, offering accounts payable, receivable, expense and cash management from a single platform. Thanks to integrated payments in 100+ currencies, businesses can benefit from a fully automated accounts payable and receivable process without reliance on multiple tools and systems In contrast, while Agicap offers some payables and receivables features, the offering is limited. The payables capabilities are limited to invoice management and approval and CashCollect, their receivables product is more focused on reporting and follow ups. Additionally, Agicap does not offer any expense management capabilities.
Advanced Cash and Treasury Management
Both Fyorin and Agicap provide businesses with tools to monitor cash position across multiple subsidiaries and manage treasury. The main difference lies in how both platforms handle banking relationships. Because Fyorin’s treasury management allows connections to nearly 5000+ banks through an API and a direct access to financial institutions, businesses can benefit from real-time access to financial data, faster settlements via 100+ local payment routes, and easy diversification across 100+ currencies and 200+ countries. Agicap, on the other hand, focuses heavily on forecasting scenarios and planning, but lacks in-platform access to financial institutions and currencies, making it reliant on banking relationships to diversify, process payments or perform intra-company funding.
Direct Payment Capabilities
With Fyorin, businesses can execute payments directly within the platform, including supplier payments, employee reimbursements, and cross-border transactions thanks to the direct access to global financial institutions. This removes the need for manual log-ins to external banking systems, batch files and reduces overall operational friction. Agicap does not offer direct in-platform payments and requires users to connect to external banks via the EBICS TS protocol for payments, adding complexity and cost.
Expense management with cost-effective cards
Beyond automating accounts payable and receivable, Fyorin also offers a robust expense management solution that seamlessly integrates with the ERP and delivers dedicated physical and virtual corporate cards. The limits on Fyorin’s corporate cards exceed €250,000 making them for high-value payments like taxes or hosting fees. Businesses also earn cash rebates on every transaction made with the card, turning operational costs into earnings. Agicap currently does not offer an expense management or card solution.
Streamlined Compliance and Global Coverage
Fyorin simplifies multi-bank operations for businesses seeking to scale globally and diversify their liquidity risks. Using one, streamlined compliance and commercial process through the Fyorin platform, businesses can open multi-currency accounts with various global institutions to reduce administrative and operational burdens. Agicap focuses on consolidating cash insights but relies on businesses to manage and source banking relationships externally.
