Pennylane , the French all-in-one accounting platform for SMBs (based in France), recently announced the acquisition of Billy, a specialist in financial workflow automation and management tool integration.
This acquisition aims to expand Pennylane 's integration capabilities, reinforcing its goal of providing an ever more connected and efficient financial management solution.
Here’s why this represents a strategic opportunity for French businesses already using Pennylane to manage their accounting .
Pennylane in a few words
Pennylane is a financial management platform designed to simplify accounting processes for French SMEs, which we particularly recommend at Blendy .
It centralizes accounting, invoicing, and banking operations by integrating numerous business tools, thus enabling automated financial management.
Its goal is to increase efficiency and reduce errors related to manual tasks by providing a modernized approach to accounting.
Billy in a few words
Billy is a financial workflow automation company focused on integrating business applications to streamline management processes, especially for companies based in France and handling high transaction volumes.
By 2023, Billy had demonstrated its effectiveness by automating the processing of more than a million invoices, thus saving businesses valuable time.
The benefits of Pennylane's acquisition of Billy for business
(Much) More Connectors and Integrations
With the acquisition of Billy, Pennylane significantly expands its catalog of API connectors, making it easier to integrate with users' favorite business tools to further automate processes.
If Pennylane already offered nearly a hundred possible integrations, the acquisition of Billy allows you to further increase the number of invoicing, e-commerce, CRM apps , etc. that can be synchronized with your accounting under Pennylane.
Extended Automation
Billy 's automation features significantly reduce manual tasks in financial workflows, improving the efficiency of accounting operations.
Expedited invoice processing
Billy 's technology makes invoice processing faster, saving businesses time while ensuring more accurate financial management.
An integrated “app store” on the horizon
Pennylane plans to develop an integrated app store, where users can easily access all the necessary integrations, simplifying the setup and use of the tools.
Optimized data exchanges
Billy connectors improve data synchronization between different applications, minimizing the risk of errors and ensuring reliable accounting.
Blendy: Your partner to maximize the benefits of this acquisition
Pioneer in digital accounting and app integration
For over 12 years, Blendy, International digital accountant based in Paris, has been working to connect its clients' financial and business tools to accounting software, creating smooth and efficient financial processes.
As a pioneer in digital accounting , we are delighted to see vendors like Pennylane stepping up their efforts to deliver integrated solutions. The acquisition of Billy further underlines the importance of a consistent end-to-end approach that makes accounting automation easier for businesses.
Blendy, as a Pennylane accountant , is at your side to connect all your finance and business apps with Pennylane. Our goal? To support you in taking full advantage of the new opportunities created by the acquisition of Billy by Pennylane to improve the financial management of your company.
Contact us today to discover how Blendy transforms your financial management to support the growth of your business.
With Blendy , digital accountant, take advantage of all the benefits of digital accounting to accelerate your financial process and develop your business.
Pennylane , Dext , QuickBooks and Stripe certified , we support digital, e-Commerce, ESN, SaaS companies in France and internationally .