In a constantly changing economic environment, SMEs must have powerful tools to monitor and manage their finances proactively.
Ideally, you need access to figures and indicators that are updated in real time. If, for example, you base your decisions on last year's sales figures without seeing that the trend is upwards, or worse, downwards, you'll probably be heading straight for disaster...
If you have chosen Pennylane for your accounting management, you will already benefit from several reports and indicators for real-time financial management. And if you also connect Finthesis, you can go even further... we tell you all about it in this article.
The benefits of Pennylane for SMEs
An instant global view
Pennylane enables SMEs to have a real-time overview of their financial situation . Transactions, invoices, and cash flows are automatically updated, giving managers instant visibility into their company's finances.
This transparency is crucial to anticipate cash flow needs , quickly identify trends, and react quickly to opportunities or challenges.
Targeted decision-making
With Pennylane , strategic decisions become faster and more accurate. Imagine that your SME is considering investing in a new product line. With Pennylane , you can instantly compare your current financial performance with established targets, while simulating the impact of this investment on your short-term cash flow .
This level of detail not only allows you to seize opportunities at the right time, but also to avoid risky decisions in the event of misalignment with your financial capabilities.
Going even further with Finthesis
For advanced analysis
To take financial analysis even further, Finthesis’ integration with Pennylane provides SMEs with a powerful tool for in-depth analysis.
Finthesis connects directly to Pennylane to extract and analyze financial data. With this connection, companies can benefit from personalized dashboards, detailed financial reports, and advanced data visualization. This allows them to go beyond raw numbers to gain valuable insights, helping to refine strategies and optimize resource management.
Anticipation of financial needs
The integration of Finthesis with Pennylane also allows for better anticipation of short and long term financial needs.
Financial forecasts based on real data and predictive models provide a better understanding of cash flow cycles and when the business might need financing or cost cutting.
This anticipation allows managers to better prepare for the future and secure the company's growth.
Conclusion
The integration of Pennylane into the accounting management of SMEs represents a major asset for real-time financial management.
By adding Finthesis ’ advanced analytics capabilities, companies can transform their financial data into powerful strategic levers. For ambitious SMEs looking to optimize their performance and stay competitive, this combination of tools offers a clear advantage.
Blendy , digital accounting expert and Pennylane specialist , is ready to support you in this transition towards optimized and responsive financial management.
With Blendy, English-speaking French accountant, take advantage of digital accounting and tailor-made advice to accelerate your financial process and develop your business.
Pennylane, Dext, QuickBooks and Stripe certified, we support digital and It services, e-Commerce, SaaS, in France and internationally.