General information about Pennylane
Whatever the type of business (VSEs and SMEs, entrepreneurs, startups, etc.), profession or sector of activity, financial management is both a set of time-consuming tasks and a pillar of performance. For this reason, it is necessary to find out how to save time by making accounting management more fluid while maximizing the company’s efficiency. Pennylane is a powerful ally in this respect.
This platform allows you to centralize all your accounting data, documents, and tasks in one place. It ensures the company’s accounting is done efficiently by automating many tasks such as the management and collection of supplier invoices. The tool also allows for accounting monitoring, centralization of financial flows, and optimization of expenses.
Moreover, with Pennylane, you are not alone in your bookkeeping. Indeed, you can benefit from the support of a chartered accountant recommended by Pennylane. If you already work with an accountancy firm, you can work with your usual service provider directly via the platform. You can then use this all-in-one platform for all your financial needs, from tracking sales to annual accounts and tax returns.
It’s a pleasant experience, as the tool is as intuitive as it is comprehensive, to support your financial efficiency. By ensuring optimal financial management, Pennylane ensures that your time is preserved and put to good use in steering and managing your business.
Secret's take about Pennylane
Manging your finances can be difficult enough 💸 Adding the extra stress of lots of different software to wrestle with, though, is like walking in the rain with an inside-out umbrella only to realize there is also a hole in your shoe (squelch squelch) ☔
Pennylane’s powerful financial management platform provides you with everything you need to control your purchases, expenses, quotes, invoices and sales 💳 Centralize all of your financial and accounting data in one single dashboard, keeping track of everything in real-time and collaborating with your team so everyone stays up-to-date. Get started with Pennylane’s software to improve your financial management performance, build loyalty with your suppliers, reduce customer collection times and optimize your expenses. What’s more, you can integrate your daily business tools so all your data is kept in one place, like Dropbox, Zapier or Stripe 🙌
Pennylane’s tool supports many different businesses and activities to help simplify the financial management of a company 🎯 Find the right solution for you whether you are an entrepreneur, a freelancer, an association, a CEO of a SMB, a financial director or an accountant. Start simplifying your and your teams’ daily lives with Pennylane’s complete software, optimizing your time & management but also keeping control of your business expenses. You know exactly what’s going on in real time and stay up-to-date on upcoming obligations, like tax returns and annual accounts. You’re not alone when it comes to financial management with Pennylane! 😌
Pennylane provides different pricing based on based on the features and number of employees that you need to include 💪 Choose from 1 of 3 plans available, with different features like invoicing your customers, centralizing your flows, paying your suppliers and accessing your accounting data. Take control of your accounting and get started with 3 months free on Pennylane’s platform with Secret, saving you up to $297! 🤩- More details about Pennylane's pricings
Alternatives to Pennylane’s financial management software include Dougs, iPaidThat, Quickbooks, Xero and many more. Discover great deals for these tools and others on Secret! 👀- More alternatives to Pennylane
Customer Success Manager
3 months free on all plans
Unlock our Pennylane deal and access 3 months free on all plans, saving you up to $297 for your startup. There are over 310+ verified deals and discounts for you to save money on the best SaaS software and apps for your small business to grow. Don't waste time, take advantage of our promotions now thanks to our Pennylane promo codes, coupons and credits valid in December 2023.
What is Pennylane used for?Pennylane is a comprehensive financial management software designed to streamline accounting tasks for businesses of all sizes. It centralizes all your financial data, automating tasks like supplier invoice management, thus saving time and increasing efficiency. It provides real-time accounting monitoring, centralizes financial flows, and optimizes expenses. For example, a startup could use Pennylane to track sales, manage annual accounts, and handle tax returns all in one place. The software also offers the support of a chartered accountant, making it a one-stop solution for all your financial needs. Its intuitive design ensures a user-friendly experience, allowing you to focus more on running your business.
Track income and expenses
Centralize receipts and expense reports
Pay with the Pennylane payment card
Manage and pay suppliers
Raise sales invoices
Manage budgets, ratios, and analyses
Collaborate with your accountant and manage your business efficiently
An all-in-one platform
Pennylane centralizes all your accounting documents and tasks in a single tool. You save time, collaborate more easily, and significantly improve the performance of your financial management.
Find supplier invoices easily with Pennylane. In a few clicks, pay your regular business partners, build loyalty, and track your expenses with ease.
Create your quotes and invoices, then check the status of invoice payments within the tool. Reduce your collection times by offering your customers a wide range of payment methods.
Cash flow monitoring
Centralize all your cash flows in an easy-to-use dashboard. By synchronizing all your bank accounts in the software, you gain visibility, optimize your expenses, and effectively manage your business.
Pennylane helps you keep track of your incoming and outgoing funds in one place with easy-to-read visuals. This feature allows entrepreneurs to have a better understanding of where their money is coming from and where it's going.
With Pennylane, you can create custom dashboards that fit your specific business needs. You can track and analyze your KPIs, manage your cash flows, and monitor the health of your business all in one place.
Pennylane's state-of-the-art AI algorithms help you automate bookkeeping tasks. This feature saves you time by automatically coding transactions and categorizing expenses, making it easy to stay on top of your finances.
Integration with the best software
Pennylane connects securely and in a few minutes with the most powerful business tools such as Dropbox, L’addition, Legalcity, Zapier, or Stripe. You no longer have to switch from one tool to another and find all your data in one place.
Pennylane: Pros & Cons
All-in-one: The software allows you to centralize all your accounting in a readable way
Comprehensive: It offers several useful features, especially for automation and integration
Updates: The improvements are constant
No trial version: You only have access to a demo and a contact with a consultant to get an idea
Price: The software is one of the most expensive on the market
Not suitable for all types of companies: SCI, auto-entrepreneurs and professionals in certain fields are not covered by the software
Why is Pennylane better than other Accounting software?
Pennylane is easier to set up than Dougs: 4.6 vs 4.5
Pennylane is better at ease to use than iPaidThat: 4.6 vs 4.5
Pennylane is better at value for money than iPaidThat: 4.6 vs 4.4
Pennylane is a better solution for customer support than Quickbooks: 4.6 vs 4.0
Pennylane is easier to set up than Quickbooks: 4.6 vs 4.0
Pennylane is easier to use than Mainstreet: 4.6 vs 4.3