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Corma integrates with Pennylane to reduce SaaS costs and boost financial visibility through automated license management and insights.
Pennylane is an integrated financial management platform designed for small and medium-sized businesses to centralize accounting, invoicing, expense tracking, and financial reporting in one system. It connects business operations with real-time accounting data, helping finance teams maintain accurate books and gain a clear view of their financial performance.
Beyond core accounting, Pennylane also enables collaboration between businesses and accountants, streamlines financial workflows, and improves decision-making through up-to-date financial insights.
Connects financial systems to track SaaS and operational expenses in real time, giving teams full visibility into company spending and helping identify unnecessary or duplicate costs.
Analyzes subscription and usage data to detect underutilized or redundant software tools, enabling businesses to reduce waste and optimize SaaS spending.
Provides visibility into recurring invoices, subscription cycles, and contract renewals, helping finance teams plan budgets and avoid unexpected costs.
Automates finance and IT processes such as onboarding, offboarding, invoice processing, and access management, reducing manual effort and improving operational efficiency.
Integrates with accounting systems, banking platforms, expense management tools, and ERP solutions to create a unified financial ecosystem.
Finance teams managing day-to-day accounting
Finance teams gain real-time visibility into invoices, expenses, and SaaS spending, improving accuracy and reducing manual reconciliation across Pennylane.
IT administrators managing SaaS access
IT teams can automate provisioning and deprovisioning of user access, ensuring secure and efficient management of financial tools without manual intervention.
HR teams handling employee lifecycle management
HR teams ensure employees automatically receive or lose access to accounting systems based on onboarding, role changes, or exits.
Operations and procurement teams optimizing spend
Operations teams can track vendor expenses and identify cost-saving opportunities using centralized financial data.
Security and compliance teams enforcing governance
Security teams benefit from centralized access control, audit-ready logs, and improved visibility into financial system usage.
How quickly can Corma be connected to Pennylane?
Initial setup takes only a few minutes. Once Pennylane is connected with your identity provider, synchronization begins immediately, with full automation typically established shortly after.
Do we need technical expertise to implement this?
No. Corma uses pre-built connectors and a no-code setup process, so IT teams can configure everything without engineering support.
How is data secured during the integration?
Corma encrypts all data in transit and at rest, enforces strict role-based access controls, and hosts data on AWS infrastructure in France. It is also compliant with ISO/IEC 27001:2022 security standards.
Check out other integrations that could help you on managing your software licences and accesses!
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