Pennylane

Corma's integration with Pennylane significantly enhances the management of software licenses for businesses, particularly in the realm of financial oversight and cost optimization. Here’s how this integration benefits companies:

Key Benefits of Corma and Pennylane Integration

• Improved Visibility into Software Budgets: Corma allows businesses to gain better insights into their software expenditures by matching financial data from Pennylane with its software usage metrics. This visibility helps organizations track where their money is going and identify potential savings.
• SaaS Cost Optimization: The integration simplifies the process of managing Software as a Service (SaaS) costs. By identifying unused licenses and monitoring upcoming renewals, Corma enables businesses to make informed decisions about which subscriptions to keep or eliminate, effectively reducing overall software expenses.
• Actionable Data for Negotiations: With detailed insights into software usage and costs, companies can leverage this information to negotiate better terms with vendors during contract renewals. This proactive approach can lead to significant savings.
• Automated License Management: Corma automates reminders for contract renewals and license cancellations, ensuring that businesses never miss critical deadlines. This feature helps maintain compliance and optimizes the management of SaaS contracts.
• Enhanced Identity Access Management (IAM): Corma provides IAM as a service, allowing IT teams to manage user access efficiently. This integration streamlines the process of validating access requests and managing user licenses, which boosts operational efficiency.
• Continuous Monitoring: Corma offers continuous monitoring of software usage, providing detailed insights that enhance both security and cost efficiency. This capability allows organizations to quickly identify and address any inefficiencies in their software utilization.

The integration of Pennylane with Corma empowers businesses to manage their software licenses more effectively while optimizing financial processes. By providing enhanced visibility, actionable insights, and automated management features, companies can achieve significant cost savings and improve their overall operational efficiency.

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Pennylane is a financial management platform designed to assist small and medium-sized businesses (SMBs) with their accounting and bookkeeping needs. It offers features such as expense tracking, invoicing, financial reporting, and tax preparation. Pennylane aims to simplify the financial processes for SMBs by providing a user-friendly interface and automating repetitive tasks. Additionally, it integrates with various banking and accounting software to streamline data synchronization and ensure accuracy in financial records. Overall, Pennylane helps SMBs manage their finances more efficiently, allowing them to focus on growing their business. Corma offers a direct integration with Pennylane to match Corma's unique data set with your financial data.

The Pennylane integration helps to make cost optimisation around SaaS easy by directly plugging into financial data and matching it with Corma's data on sofware usage. With that you can easily keep track on all unused software licences, spot upcoming renewals and collect actionable data that you can use to negotiate the upcoming SaaS contracts with your vendors.

Visit Corma.io if you want to know more about how we reshape Identity Access Management (IAM) and Software Licence Management. Transform the management of your SaaS software with Corma, the solution for centralising and rationalising your tools. Use the Pennylane integration to never again miss a renewal date in your SaaS licence management. Reminders for contract renewals and license cancellations and timely notifications to keep you on top of your SaaS contracts. Stay informed, stay proactive, and make data backed decisions with confidence using Corma's SaaS management platform.

Our IT copilot offers continuous monitoring of software usage, delivering detailed insights to enhance security and cost efficiency. It allows IT teams and managers to validate access requests and manage users effortlessly with a single click. Eliminate the hassle of finding unused paid licenses and manual allocation, boosting team efficiency and providing an exceptional user experience.

If you want to learn more about the topic, check our CFO guide to optimizing SaaS spend.

If you would like to quickly cut costs by removing unused licences and duplicate subscriptions, sign up for a demo or free trial now. It's never been so easy to get a fast Return on Investment and at the same time get a tool with which you can manage yoir sofware tools in the long-run.