Local Content compliance is no longer just a regulation. It’s your competitive edge.
For companies in Saudi Arabia today, Local Content performance can directly influence whether they win public contracts, how they’re perceived by regulators, and how aligned they are with Vision 2030 goals.
A company’s Local Content score is based on tracking local spend across goods & services, labor, capacity building, and depreciation as defined by the Local Content & Government Procurement Authority (LCGPA)’s national framework.
Yet for many organizations, tracking and reporting this score remains manual and time consuming. With data scattered across departments, teams often rely on external consultants and spend weeks compiling reports just to meet audit requirements.
That’s why at Penny Software, we’ve built the first-ever digital Local Content Tracker designed to make local content monitoring real-time, accurate, and strategic.
Why Local Content Tracking Matters Now?
The Local Content & Government Procurement Authority (LCGPA) is rapidly increasing enforcement. More tenders now require reporting local content score to get preferential treatment and a competitive edge against other bidders.
In this new landscape, waiting until audit season to see your local content score is too late to fix gaps, reallocate spend, or adjust strategy.
Penny’s Local Content Tracker empowers organizations to stay ahead by tracking, managing, and improving their Local Content performance in real time, ensuring they remain compliant and competitive.
What is the Local Content Tracker?
The Local Content Tracker is an enterprise-grade digital platform that consolidates and calculates your baseline Local Content score the Local Content pillars:
1. Goods & Services
2. Labor
3. Capacity Building
4. Depreciation & Amortization
With the tracker, organizations no longer need to wait until year-end to assess Local Content performance. Instead, they gain real-time visibility into how their spending and operations align with LCGPA requirements, across all four pillars.
No surprises. No delays. Just continuous insight that enables proactive decision-making, compliance readiness, and strategic advantage.
Why Choose Penny’s Local Content Tracker?
Built specifically for the Saudi market, Penny’s tracker transforms Local Content from a compliance mandate into a powerful, real-time strategic edge.
- Real-Time Visibility: Instantly track your Local Content performance across all four LCGPA pillars, no need to wait for year-end audits.
- Proactive Decision-Making: Identify gaps early, reallocate spend, and take corrective strategic action before it impacts your local content performance.
- Audit-Ready Compliance: Automatically generate structured, regulator-aligned reports, eliminating last-minute stress.
- Regulatory Confidence: The system is fully aligned with LCGPA (Local Content and Government Procurement Authority) regulations.
- Cost and Risk Reduction: The tracker consolidates your data, saving money on consultants, reducing manual work, and alerting you to risks before it’s too late.
- Plug-and-Play Integration: Easily connects to your existing ERP or data systems, offering flexible, real-time or batch updates without disrupting your current setup.
- Secure & Local Hosting: 100% hosted in the Kingdom on Google Cloud, meeting local data sovereignty and IT security standards.
- Strategic Advantage: Strengthen your market position with credible Local Content reporting, turning compliance from a checkbox into a competitive advantage.
Looking ahead
As a proud Saudi company, Penny Software is committed to setting a new national standard for Local Content tracking in Saudi Arabia. In our next blog, we’ll dive deeper into how the Local Content Tracker works, showcasing how organizations can move from manual, reactive reporting to a fully digital, proactive approach that aligns with LCGPA standards and Vision 2030 goals.
