At Advanced Conseil, we have had the opportunity to work with a number of accounting software programs. We believe it is important to advise our client leaders to help them choose a digital solution that suits their challenges and expectations.
We were one of the first firms in France to use Pennylane. Pennylane is designed as a collaborative platform; this allows our clients to have access to accounting data in real time. We quickly became convinced that using Pennylane indeed simplified the lives of our executive clients and also allowed us to better advise them.
From this experience and feedback from our clients, we propose to summarize the main advantages you can expect following the implementation of Pennylane. It should be noted that to fully benefit from these advantages, it is important to manage the setup and onboarding of teams on Pennylane well.
Completeness and Centralization of Financial Data
Logiciel Tout-en-Un : Pennylane est conçu comme une plateforme de gestion financière et comptable tout-en-un, intégrant des fonctionnalités de facturation, gestion de trésorerie, comptabilité, comptabilité analytique, et paiement. Cela permet de centraliser toutes les données financières en un seul endroit, simplifiant ainsi la gestion quotidienne
360° View on Finances: Pennylane consolidates all financial data in one place, providing a comprehensive and centralized view of financial management. This includes cash flow monitoring, supplier relationship management, and oversight of business operations.
Multiple Integrations
Connectivity with Various Tools: Pennylane connects to over 200 external tools and solutions, including banks, payment tools, invoice import systems, and platforms like Zapier and Dataviz. These integrations enable smooth and consistent financial data management.
Ease of Use and Intuitive Interface
Intuitive Interface: The platform is designed to be easy to use, even for non-specialists. The interface is pleasant and intuitive, making navigation and use of the different features easier.
Mobile Application: Pennylane offers a mobile application that allows you to track transactions, check account status, and maintain control, even on the go.
Expense and Payment Management
Transaction Tracking and Categorization: Transactions are automatically tracked and categorized, allowing for efficient management of expenses and revenues. Leaders can thus easily monitor and secure their spending.
Supplier Payments and Invoicing: Pennylane allows you to settle purchases in the best way and at the right time, and to invoice clients instantly with customized quotes and invoices generated with a single click.
Cash Management and Projects
Cash Flow Tracking: Pennylane allows you to easily track payments and view the status of invoices in real-time from the dashboard. This helps manage cash flow effectively and forecast future financial needs.
Budgeting and Project Tracking: Leaders can budget their projects to monitor their progress and set revenue goals in line with their business plan. Custom reports can be built on Pennylane, but we also use dashboard solutions, which are much more visual and connect to Pennylane.
Collaboration with Accountants
Support and Collaboration:
Pennylane facilitates collaboration between the company and its accountant through real-time data exchanges. This helps save time on data entry and the retrieval of supporting documents, as well as on tax obligations.
Task Automation
Automated Import and Reconciliation: Pennylane allows you to connect your bank accounts and automatically import transactions, simplifying account reconciliation and reducing manual errors.
Automated Invoice Management: The software automates the import of your invoices, whether they are digital or paper versions, and allows you to convert them into accounting transactions with a single click
Legal Compliance and Data Security
Certification and Compliance: Pennylane is certified accounting software, ensuring compliance with current quality standards and legal obligations. The data is secure, immutable, and traceable, guaranteeing flawless transparency in accounting.
Pennylane is also ready for future requirements such as mandatory electronic invoicing starting in 2026
Flexibility and Evolution
Evolving Plans: Pennylane offers plans tailored to different professional needs, ranging from freelancers to SMEs and start-ups. The subscriptions are flexible and without commitment, allowing for adaptation to the company's growth.
Data Access and Backup
Cloud Hosting: The data is hosted in the cloud, allowing access at any time and from anywhere. Backups are performed on multiple servers to prevent any loss of information.
In summary, Pennylane stands out for its completeness, advanced automation, multiple integrations, ease of use, and its ability to facilitate collaboration with accountants, while ensuring legal compliance and data security. It is therefore, in our opinion, a good solution to simplify the lives of leaders by centralizing financial data.
Furthermore, with real-time updated financial data, we can then have a true role as an External Chief Financial Officer and implement tailored reporting solutions to help leaders make informed decisions, adjust their financial strategies, and respond quickly to emerging challenges.
To fully benefit from these advantages, it is advisable to rely on teams experienced in managing a project for implementing digital solutions in order to properly handle data recovery and configure the solution according to your needs. Our teams are at your disposal if you have any questions.