What is Pennylane?

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So you know how important it is to manage your finances and accounting effectively. But what do you do when you don't have the skills or the time to do these tasks?

Luckily, there's a tool that can make your life easier: Pennylane. Pennylane is an all-in-one financial management and accounting platform that allows you to manage your expenses, billing, cash flow and accounting in one place. Pennylane is designed for entrepreneurs, freelancers, and CFOs who want to save time and optimize their management.

In this article, we'll show you the main features of Pennylane and how it can help you run your nocode business with confidence.

Centralized data

Pennylane allows you to centralize all your financial and accounting data in one place. You can thus have a 360 view of your transactions in real time, access accounting reports and collaborate with your accountant. Pennylane integrates with all your business tools, such as Stripe, Shopify, Paypal or even Quickbooks. You no longer need to juggle between several software programs or enter your data manually.

Simplified billing

Pennylane offers you a complete invoice editor, which allows you to create quotes, invoices, proformas, order forms, delivery notes or even subscriptions. You can also send automatic reminders to your customers who are late in payment or offer them a secure payment link. Pennylane also manages VAT and foreign currencies.

Purchasing Management

Pennylane helps you manage all of your expenses. You can equip your team with bank cards whose authorizations you control. You can also manage expense reports, purchase requests, and validation workflows. Pennylane retrieves and centralizes all your supporting documents and allows you to pay your suppliers in one click.

Real-time cash flow

Pennylane gives you a clear and precise vision of your cash flow. You can follow the evolution of your bank balance, your cash inflows and outflows as well as your forecast. Pennylane alerts you in case of anomalies or financial opportunities. You can also carry out simulations to anticipate the impact of your decisions on your cash flow.

Full accounting

Pennylane assists you in maintaining and reviewing your accounts. You can access your balance sheet, income statement or tax return at any time. Pennylane complies with French and European accounting standards as well as the highest standards of data security. You can also collaborate with the chartered accountant of your choice or benefit from Pennylane's network of partner accountants.

Conclusion

Pennylane is the ideal tool for businesses that want to simplify financial and accounting management. Thanks to its all-in-one platform, you can manage all aspects of your finances in one place, saving time and optimizing your management.