In our previous blog, we introduced Penny’s Local Content Tracker, a first-of-its-kind solution built for Saudi companies to monitor their local content score in real time. Now, let’s dive deeper to see how it actually works, and more importantly, what it unlocks for your business.
Turn months of work into minutes
What normally takes weeks of manual work, tracking spend, classifying vendors, checking payroll breakdowns, and collecting data can now be done with a few clicks.
Penny’s automated engine consolidates and calculates your score across four key pillars:
- Goods and services
Goods and Services captures a wide range of transactional data related to vendor spend and operational expenses.
- Labor
This pillar tracks workforce-related costs and differentiates between local and foreign employee compensation to assess labor-related contribution.
- Capacity Building
This pillar accounts for investments in training and supplier development initiatives aimed at enhancing local capabilities.
- Depreciation & Amortization
This pillar evaluates long-term asset investments by distinguishing between local and foreign asset depreciation or amortization.
Everything flows into live, interactive dashboards. Each pillar is clearly visualized, allowing you to monitor performance in real time, drill down by category, and take action with confidence.
A closer look: What the Tracker actually does
What makes our solution truly valuable isn’t just automation, it’s what that automation unlocks:
- Digital Consolidation Across All Local Content Pillars
Consolidate procurement, labor, training, and asset data in one place for full visibility.
- Live Performance Tracking & Alignment
Monitor performance across all pillars in real time to stay aligned with your targets.
- Audit-Ready Compliance Documentation
Generate structured reports with full traceability, anytime, on demand.
- Cost Reduction Through Early Risk Detection
Identify issues early, reallocate spend smartly, and reduce manual reporting costs.
- Risk Mitigation & Bid Readiness
Strengthen compliance, minimize risk, and increase your chances in public tenders.
Effortless Integration. Secure, Local Hosting.
Penny’s Local Content Tracker is designed to fit into your ecosystem, not the other way around. Whether you’re running on an ERP or even using spreadsheets, our platform adapts to your setup with minimal disruption.
Seamless ERP Integration
Connects easily with your existing systems using APIs, batch uploads, or middleware.
• No need to rip and replace
• Supports both real-time and scheduled data syncs
• Compatible with major ERPs and Excel-file formats
100% Saudi-Based Hosting
Your data stays secure and compliant within the Kingdom.
• Hosted on Google Cloud in Saudi Arabia
• Encrypted, resilient infrastructure that meets enterprise security standards
• Fully compliant with Saudi data residency regulations,
This ensures your data is not only connected, but also protected and aligned with national data sovereignty requirements.
Tailored Implementation Approach
At Penny, implementation is never one-size-fits-all. We follow a structured, collaborative process to ensure the solution fits seamlessly into your organization:
- Gap Analysis and System Design
We assess your current setup, identify gaps and design a solution tailored to your Local Content data and workflows.
- Customization and Testing
The system is configured to fit your environment, with thorough testing to ensure accuracy and alignment.
- Deployment and Ongoing Support
We ensure a smooth go-live and continue to provide hands-on support to optimize system performance and user adoption.
The result? A tailored solution built around your workflows, with expert support every step of the way.
The Bottom Line
Local Content compliance isn’t going away. But with the right tools, it doesn’t have to be a burden. In fact, it can become one of your most powerful strategic levers.
Penny’s Local Content Tracker gives you the clarity to spot risks early, the agility to respond in real time, and the confidence to showcase your Local Content performance. From reducing manual effort and audit stress to strengthening your position in tenders, the ROI speaks for itself. We’ve also prepared a comprehensive whitepaper that breaks down the full methodology behind Penny’s Local Content Tracker, covering how to align with LCGPA requirements, calculate your score accurately, and unlock long-term value.
