Order.co
Penny

Penny

Penny Software
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About

Order.co is an AI-powered procurement and payments platform that connects purchasing, approvals, payments, and reporting in one intelligent system so teams can place orders faster, cut manual work, and keep operations running smoothly. Order.co's suite of AI tools automates purchasing decisions, sources products at the best price, and flags risks before they impact your business. Trusted by brands like Dolce & Gabbana, WeWork, [solidcore], and Hugo Boss, Order.co helps hundreds of businesses reduce costs, gain tighter spend control, and free up teams to focus on higher-value work. Founded in 2016 and headquartered in New York City, Order.co has raised $70M in funding from industry-leading investors like MIT, Stage 2 Capital, Rally Ventures, 645 Ventures, and more.

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

Finance, Operations, Procurement, and Accounting Teams

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 Not Supported

API

Offers API Supported

Screenshots and Videos

Purchase everything in one place: Order.co makes it easy for businesses to automatically place and manage every order in one centralized location. No more complicated workflows, scattered spreadsheets, or uncertainty about your purchasing. Curate a custom catalog–Purchase everything your business needs through Order.co, instead of ordering through each individual vendor. From big-box stores to industry-specific vendors and online marketplaces to vendors that receive POs via email. Control purchasing through the catalog: Ensure purchasing compliance through your catalog, complete with pre-approved products to encourage standardization across locations and eliminate rogue spend. Automate your purchasing: Speed up your purchasing process and never create another purchase order again. Automatically send all approved purchase requests straight to your vendors and easily buy your frequently-purchased products. Discover savings: Save money on your purchases by tapping into Order.co’s $4 billion in buying power. And, Order.co can strategically source products to discover savings on the same products you’re purchasing today. Track your orders: Stay up-to-date on your orders across all vendors by tracking their statuses — from approval to fulfillment to delivery — in one location. View more images or videos

Screenshots and Videos

Play Video Action Board E-Sourcing Comparison Table Product & Catalogues Quotation Budget View more images or videos

Pricing

Contact sales for a quote
Free Version Not Supported
Free Trial Supported

Pricing

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

Reviews/Ratings

Overall 4.8 / 5
ease 4.7 / 5
features 4.6 / 5
design 4.5 / 5
support 4.8 / 5

Reviews/Ratings

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

Pros from Real Users

Pros

  • its very easy to use way to order is great the products are amazing pricing is on point and i would recommend to anyone who is thinking about using order.co
  • Easy to use website. The communication is clear and quick. I like that there is a variety of products to use
  • I love how easy it is to navigate the Order.co website—it’s clean, intuitive, and makes finding what I need quick and stress-free. The ordering process is simple and efficient, which saves a lot of time. On top of that, the delivery is impressively fast and incredibly convenient. Everything arrives exactly as expected, making the whole experience smooth and reliable. Order.co has made managing orders so much easier, and I highly recommend it.
  • fast and shipped right to my shop. getting emails when parts of my order has shipped. have overall been happy
  • The website is easy to navigate and have a majority of the products that I need monthly. I order monthly supplies for our company, and I can always count on the products to be easy to find and arrive within the week.
  • I like all the aspects of Order.co. It has been a great support for our daily routine in after and before school program.
  • I like the budget tracker, it helps me stay under budget for the month & it's easier to plan out my supply order with it as well.
  • I love having all my items in one place, I love being able to review my orders before ordering and adjusting where possible.
  • The ease and convenience of finding products, adding them and then submitting my order. The website is user friendly and easy to navigate.
  • Speedy service is always appreciated; you guys always take care of us anytime we place an order. Thank you

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

Order.co
Founded: 2016
United States
www.order.co

Company Information

Penny Software
Founded: 2019
Global
penny.co

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Categories

Accounts Payable Supported
AP Automation Supported
Procure to Pay Supported
Procurement Supported
Purchase Order Supported
Purchasing Supported
Reconciliation Supported
Spend Analysis 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 Not Supported
Financial Reporting 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 Not Supported
Budget Management Supported
Catalog Management Supported
Contract Management Supported
Inventory Management Not Supported
Invoice Processing Supported
PunchOut Supported
Purchase Order Management Supported
Receiving Supported
Requisitions & Approvals Supported
Sourcing Management Supported
Spend Management Supported
Supplier Management Supported

Purchasing Features

Catalog Management Supported
Compliance Management Supported
Contract Management Supported
Inventory Management Not Supported
Invoice Processing Supported
PunchOut Supported
Purchase Order Management 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
Show More Features

Accounts Payable Features

Approval Process Control Supported
Bank Reconciliation Not Supported
Cash Management Supported
Check Writing Supported
Duplicate Payment Alert Supported
Fraud Detection Supported
General Ledger Entry Supported
Vendor Management Supported

Vendor Management Features

Audit Management Supported
Contact Management Supported
Customer Database Supported
Self Service Portal Supported
Supplier Master Data Supported
Transaction History 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

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

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
Show More Features

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

NetSuite Supported
Coupa Supported
Fusion Software Not Supported
QuickBooks Online Supported
QuickBooks Online Advanced Supported
SAP Ariba Supported
SAP S/4HANA Not Supported
Sage Intacct Supported
Workday Strategic Sourcing Supported
Xero Not Supported
Zoho Books Not Supported
Show More Integrations
View All 7 Integrations

Integrations

NetSuite Supported
Coupa Not Supported
Fusion Software Supported
QuickBooks Online Not Supported
QuickBooks Online Advanced Not Supported
SAP Ariba Not Supported
SAP S/4HANA Supported
Sage Intacct Not Supported
Workday Strategic Sourcing Not Supported
Xero Supported
Zoho Books Supported
Show More Integrations
View All 5 Integrations
Claim Penny and update features and information
Claim Penny and update features and information