Penny

Penny

Penny Software
+
+

Related Products

  • Order.co
    228 Ratings
    Visit Website
  • Fraxion
    195 Ratings
    Visit Website
  • Sage Intacct
    8,791 Ratings
    Visit Website
  • Zahara
    34 Ratings
    Visit Website
  • Odoo
    1,729 Ratings
    Visit Website
  • D&B Risk Analytics
    81 Ratings
    Visit Website
  • Paylocity
    8,260 Ratings
    Visit Website
  • LinkSquares
    727 Ratings
    Visit Website
  • Intelex
    193 Ratings
    Visit Website
  • GOAT Risk
    76 Ratings
    Visit Website

About

ISPnext helps more than 450 organisations improve their procurement and finance operations through an intelligent, cloud-based Source-to-Pay platform. By bringing invoices, contracts, suppliers, procurement and spend data together in one environment, ISPnext enables organisations to automate processes, reduce costs, strengthen supplier relationships and manage risk more effectively. Powered by nextAI, the platform transforms data into actionable insights and gives teams real-time visibility and control over spend. ISPnext’s integrated solutions support the entire Source-to-Pay process and connect seamlessly with leading ERP systems. With offices in the Netherlands, Germany and the United Kingdom, ISPnext supports organisations internationally with implementation, customer success and continuous optimisation.

About

Penny is a cloud-based Procure-to-Pay system built to help organizations digitize and manage their full procurement cycle, from the first purchase request all the way through to final payment. Instead of juggling emails, spreadsheets, and disconnected tools, teams can raise purchase requests, route them through configurable approval workflows, and track every request in real time, all from one intelligent system. Designed for organizations that need structure, accountability, and visibility across their spending, Penny brings AI-driven intelligence into every stage of the procurement cycle, requests, quotations, purchase orders, and payments, giving teams the clarity and control they need to manage spend with confidence.

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Supported

Audience

Procurement and Finance teams seeking an integrated Source-to-Pay platform

Audience

Teams driving digitization initiatives who need a cloud-based system that replaces manual, paper-based, or spreadsheet-driven procurement workflows.

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported

Support

Phone Support Supported
24/7 Live Support Supported
Online Supported

API

Offers API Supported

API

Offers API Supported

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Reviews/Ratings

Overall 4.8 / 5
ease 4.8 / 5
features 4.5 / 5
design 4.2 / 5
support 4.8 / 5

Pros & Cons from Real Users

Pros

  • The service provided by the account manager, the account manager is quite fast, responsive, cooperative, and bright.
  • Penny software is Ease of use SaaS application which contains the following advantages: User friendly Monitor our spending Vendor Management Budget control
  • The overall concept, the ease of use, the ability to track and monitor all aspects of the procurement cycle, the simplicity of pricing and negotiating, the reminder features and much more.
  • Ease of use. And ability to give permission to each user. And the ability to control all of my purchases. I think the overall the system is excellent and the technical support is excellent.

Cons

  • I don't like the communication channel via Slack because there is a difficulty in tracking the unresolved issues.
  • So far i didn't find any major disadvantages of using Penny software.
  • The filtering and searching of products could use more revamping to match how sophisticated the user experience are presented.
  • I think the overall very good and the technical support is excellent.

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Not Supported

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Not Supported

Company Information

ISPnext
Founded: 2000
Netherlands
www.ispnext.com/en/

Company Information

Penny Software
Founded: 2019
Global
penny.co

Alternatives

Coupa

Coupa

Coupa Software

Alternatives

JAGGAER One

JAGGAER One

JAGGAER
Promena

Promena

Promena Strategic Procurement Solutions

Categories

AP Automation Supported
Procure to Pay Supported
Procurement Supported
Risk Management Supported
Spend Management Supported
Vendor Management Supported

Categories

Procure to Pay Supported
Procurement Supported
Purchasing Supported
RFP Supported
RFQ Supported
Sourcing Supported
Spend Management Supported

Procure to Pay Features

Billing & Invoicing Supported
Budgeting / Forecasting Supported
Compliance Management Supported
Contract Lifecycle Management Supported
Financial Reporting Not Supported
Integration Management Supported
Inventory Management Not Supported
Order Management Not Supported
Vendor Management Supported

Procurement Features

Asset Management Not Supported
Auction Management Not Supported
Bid Management Not Supported
Budget Management Supported
Catalog Management Supported
Contract Management Supported
Inventory Management Not Supported
Invoice Processing Supported
PunchOut Supported
Purchase Order Management Not Supported
Receiving Supported
Requisitions & Approvals Supported
Sourcing Management Supported
Spend Management Supported
Supplier Management Supported

Spend Management Features

Approval Workflow Not Supported
Budgeting / Forecasting Supported
Expense Tracking Not Supported
Multi-Currency Not Supported
Prepaid Cards Not Supported
Procurement Management Supported
Receipt Management Not Supported
Spend Analysis Supported
Spend Control Supported
Supplier Management Supported

Contract Management Features

Buy Side (Suppliers) Supported
Completion Tracking Not Supported
Compliance Tracking Supported
Contract Lifecycle Management Supported
Electronic Signature Supported
Full Text Search Supported
Government Contracts Not Supported
Pre-built Templates Supported
Sell Side (Customers) Not Supported
Specialty Contracts Not Supported
Version Control Not Supported
Workflow Management Supported

Risk Management Features

Alerts/Notifications Supported
Auditing Not Supported
Business Process Control Not Supported
Compliance Management Not Supported
Corrective Actions (CAPA) Not Supported
Dashboard Supported
Exceptions Management Not Supported
Internal Controls Management Not Supported
IT Risk Management Not Supported
Legal Risk Management Not Supported
Mobile Access Not Supported
Operational Risk Management Not Supported
Predictive Analytics Not Supported
Reputation Risk Management Not Supported
Response Management Not Supported
Risk Assessment Supported

Vendor Management Features

Audit Management Supported
Contact Management Supported
Customer Database Not Supported
Self Service Portal Supported
Supplier Master Data Supported
Transaction History Not Supported
Vendor Maintained Profiles Supported
Vendor Managed Inventory Not Supported
Vendor Performance Rating Supported
Vendor Qualification Tracking Supported

Procure to Pay Features

Billing & Invoicing Supported
Budgeting / Forecasting Supported
Compliance Management Supported
Contract Lifecycle Management Supported
Financial Reporting Not Supported
Integration Management Supported
Inventory Management Not Supported
Order Management Supported
Vendor Management Supported

Procurement Features

Asset Management Not Supported
Auction Management Not Supported
Bid Management Supported
Budget Management Supported
Catalog Management Supported
Contract Management Supported
Inventory Management Not Supported
Invoice Processing Supported
PunchOut Not Supported
Purchase Order Management Supported
Receiving Supported
Requisitions & Approvals Supported
Sourcing Management Supported
Spend Management Supported
Supplier Management Supported

Spend Management Features

Approval Workflow Supported
Budgeting / Forecasting Supported
Expense Tracking Supported
Multi-Currency Supported
Prepaid Cards Supported
Procurement Management Supported
Receipt Management Supported
Spend Analysis Supported
Spend Control Supported
Supplier Management Supported

Purchasing Features

Catalog Management Supported
Compliance Management Not Supported
Contract Management Supported
Inventory Management Not Supported
Invoice Processing Supported
PunchOut Not Supported
Purchase Order Management Supported
Requisitions & Approvals Supported
Sourcing Management Supported
Spend Management Supported
Supplier Management Supported

RFP Features

Bid Management Supported
Collaboration Supported
Content Management Not Supported
Data Import / Export Supported
Due Date Tracking Supported
Knowledge Library Not Supported
Progress Tracking Supported
Requirements Management Supported
RFP Creation Supported
RFP Responding Supported
Task Management Not Supported
Templates Supported
Vendor Management Supported

Sourcing Features

Auction Management Not Supported
Budget Management Supported
Collaboration Supported
Global Sourcing Management Not Supported
Rfx Management Supported
Spend Management Supported
Supplier Management Supported
Supplier Qualification Supported
Supplier Risk Management Supported
Supplier Web Portal Supported
Template Management Supported

Integrations

Exact Globe+ Supported
Exact Online Supported
Fusion Software Not Supported
IFS Ultimo Supported
Infor LN Supported
Infor M3 Supported
Infor SyteLine Supported
JD Edwards EnterpriseOne Supported
Microsoft Dynamics 365 Business Central Supported
Microsoft Dynamics 365 Finance Supported
NetSuite Not Supported
SAP ECC Supported
SAP HANA Supported
SAP S/4HANA Not Supported
Sage 200 Supported
Xero Not Supported
Zoho Books Not Supported

Integrations

Exact Globe+ Not Supported
Exact Online Not Supported
Fusion Software Supported
IFS Ultimo Not Supported
Infor LN Not Supported
Infor M3 Not Supported
Infor SyteLine Not Supported
JD Edwards EnterpriseOne Not Supported
Microsoft Dynamics 365 Business Central Not Supported
Microsoft Dynamics 365 Finance Not Supported
NetSuite Supported
SAP ECC Not Supported
SAP HANA Not Supported
SAP S/4HANA Supported
Sage 200 Not Supported
Xero Supported
Zoho Books Supported
Claim ISPnext and update features and information
Claim ISPnext and update features and information
Claim Penny and update features and information
Claim Penny and update features and information