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Pennylane description
Pennylane is a financial software platform designed for small and medium-sized businesses in Europe. It combines accounting, financial management, and banking features in one place. Pennylane helps businesses manage invoices, track expenses, control spending, and collaborate with accountants. The platform aims to simplify financial processes, improve accuracy, and save time for business owners and their accounting teams.
What companies are using Pennylane?
Who is Pennylane best for
Pennylane offers European SMBs a unified platform for accounting, banking, and financial management. It simplifies expense tracking, invoicing, and reporting, saving businesses time and improving accuracy. Pennylane integrates with accounting software and offers corporate cards, streamlining financial operations.
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Best for small to medium businesses (1-1000 employees) seeking an all-in-one financial platform.
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Ideally suited for businesses in finance, e-commerce, or IT, particularly within Europe.
Pennylane features
| Supported Pennylane offers expense tracking, expense reports, and purchase requests. |
| Supported Pennylane generates standard financial reports, including balance sheets, P&L, and cash flow statements. |
| Supported Pennylane allows creating invoices, offers flexible payment options, and tracks payments. |
| Supported Pennylane offers corporate cards and integrates with bank accounts for financial management. |
| Supported Pennylane offers payment processing via Stripe, integrates with accounting software, and provides financial dashboards. |
Pennylane pricing
The commentary is based on 1 reviews from Pennylane G2 reviews.
Pennylane offers robust features but some users find it pricey, especially smaller businesses. While the software provides excellent accounting tools and integrations, its cost-effectiveness may be a concern for budget-conscious users.
See the Pennylane pricing page.
Pennylane alternatives
XeroBetter for a wider range of industries. More user-friendly, but bank feeds can be unreliable and invoicing is less efficient. Integrates with more apps. Pricing is generally considered less favorable.Read more
QuickBooks OnlineBetter for users needing inventory management or more widely available customer support. A popular QuickBooks Online alternative for basic accounting. Rated slightly lower than Pennylane but considered easier to use.Read more
Zoho BooksBetter for a wider range of industries and has more momentum. A good Pennylane competitor for users prioritizing integrations with other Zoho products.Read more
FreshBooksBetter for freelancers and those with basic accounting needs. Has broader industry applicability but is declining in popularity. Lower ratings than Pennylane. Some users report data loss and poor customer service.Read more
RevisoMore basic accounting features. Lacks business banking, expense management, and financial reporting tools. Lower ratings.Read more
Sage Business Cloud AccountingBetter fit for businesses in finance, marketing, manufacturing, professional services, and software/IT. It has a user-friendly interface with cloud-based accessibility but inconsistent customer support. Pennylane is growing faster.Read more
Pennylane FAQ
What is Pennylane and what does Pennylane do?
Pennylane is a European financial software platform for small and medium-sized businesses. It combines accounting, banking, and financial management tools, helping businesses manage invoices, track expenses, and control spending. Pennylane simplifies financial processes, improves accuracy, and saves businesses time.
How does Pennylane integrate with other tools?
Pennylane integrates with Stripe for payment processing and various accounting software. It also connects with banks to consolidate financial management within the platform. This streamlines accounting, banking, and expense tracking.
What the main competitors of Pennylane?
Top Pennylane competitors include Xero, QuickBooks Online, Zoho Books, FreshBooks, Reviso, and Sage Business Cloud Accounting. These alternatives offer similar features such as invoicing, expense tracking, and financial reporting, catering to small and medium-sized businesses.
Is Pennylane legit?
Pennylane is a legitimate financial software platform. It's safe and designed for small and medium-sized businesses, especially in Europe. With positive ratings on Glassdoor, Pennylane helps manage finances, track expenses, and improve collaboration with accountants.
How much does Pennylane cost?
I couldn't find specific pricing details for Pennylane. For the most current pricing information, it's recommended to visit their website or contact their sales team. This will help you determine if Pennylane is worth the investment for your needs.
Is Pennylane customer service good?
There is no customer service information available for Pennylane.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.