Pennylane AI features, pricing and GDPR (October 2026)

Pennylane is a French accounting and finance platform for small and midsize companies and their accounting firms. It combines invoicing, bookkeeping, a business account and collaboration with the tax advisor, and uses AI to read receipts and propose bookings.

Pennylane collects bank transactions, receipts and invoices in one place and creates journal entries from them. Modules cover sales invoicing with e-invoices, expense management, cash flow planning and a business account with cards. The tax advisor works in the same data, can enter bookings and comment, or receives a DATEV export if the firm stays with its own software. Without labeling it as AI, Pennylane also assigns incoming payments to open invoices, applies categorization rules for recurring suppliers and reads incoming e-invoices into booking proposals.

The company is based in Paris and runs a German subsidiary, Pennylane GmbH, in Munich. According to Pennylane, more than 1,500,000 companies and 6,500 accounting firms use the platform. It targets self-employed people, small businesses and accounting firms.

• Reads receipts and invoicesReceipts uploaded or photographed in the app are read by AI, which recognizes amount, date, supplier and tax rate. The finance team or business owner no longer types these fields by hand, and documents are ready for booking right after capture.
• Proposes bookings with accountsFor each captured document, the AI creates a booking proposal with an account assignment. Bookkeepers and tax advisors check and confirm proposals instead of coding each receipt from scratch, which shortens the monthly bookkeeping run.

• Company and tax advisor work on the same data in one platform; firms that keep their own software receive bookings and receipts as a DATEV export.
• Supports XRechnung and ZUGFeRD for German e-invoicing and states GoBD-compliant archiving of documents.
• Data is stored with AWS in Ireland according to the trust center, and the company holds ISO 27001 certification.

Pennylane is a French SAS headquartered in Paris and registered with the Paris trade register; in Germany the product is sold by Pennylane GmbH, based in Munich.

The German website lists no prices, so request a quote and compare it with the French pricing page. Check whether your tax advisor will work in Pennylane or needs the DATEV export, and ask for the procedure documentation required under GoBD. Data is hosted with AWS in Ireland under GDPR; the processor list sits in the terms and the data processing details in the privacy policy, so review both with your data protection officer.

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