Penny

Penny

Penny Software
4.8 out of 5 stars
PRM360 Penny

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PRM360:

About

PRM360 is the smartest solution to your overall Procure-to-Pay requirement incorporating all these individual processes under one umbrella. With Requirements posted Online, Automatic Quotations received from vendors, and their timely Validation by our smart systems make PRM360 one of the best in the business. The Online Bidding process allows purchase officers to select the best offer under the sun saving almost 5-15% time over others. With Automatic Reminders to the vendor for Invoice Submission, and by seeking Online Approvals for Clearances, PRM360 cuts down on any possible delays in the payment schedule drastically. This not only contributes to vendor satisfaction but eliminates any unproductive time spent by the purchasing team on follow-ups. Statistics show that PRM360 users are able to seek 300% ROI over other Procure-To-Pay solutions in the market.
Penny:

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.
PRM360:

Platforms Supported

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

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
PRM360:

Audience

Companies searching for a solution to manage and improve their operations
Penny:

Audience

Teams driving digitization initiatives who need a cloud-based system that replaces manual, paper-based, or spreadsheet-driven procurement workflows.
PRM360:

Support

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

Support

Phone Support Supported
24/7 Live Support Supported
Online Supported
PRM360:

API

Offers API Not Supported
Penny:

API

Offers API Supported
PRM360:

Screenshots and Videos

Penny:

Screenshots and Videos

PRM360:

Pricing

Contact PRM360 for prices
Contact PRM360 for prices
Free Version Not Supported
Free Trial Supported
Penny:

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported
PRM360:

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
Penny:

Reviews/Ratings

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

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.
PRM360:

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Supported
Penny:

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Not Supported
PRM360:

Company Information

PRM360
Founded: 2015
India, Hyderabad
www.prm360.com
Penny:

Company Information

Penny Software
Founded: 2019
Global
penny.co
PRM360:

Alternatives

Coupa

Coupa

Coupa Software
Penny:

Alternatives

Tradogram

Tradogram

5.0 out of 5 stars
PRM360:
JAGGAER One

JAGGAER One

JAGGAER
Penny:
PRM360:
Penny:
Procurify

Procurify

4.7 out of 5 stars
PRM360:
Tradogram

Tradogram

5.0 out of 5 stars
Penny:
PRM360:
Fraxion

Fraxion

4.4 out of 5 stars
Penny:
Promena

Promena

Promena Strategic Procurement Solutions
PRM360:

Categories

Penny:

Categories

Procure to Pay Supported
Procurement Supported
Purchasing Supported
RFP Supported
RFQ Supported
Sourcing Supported
Spend Management Supported
PRM360:

Procure to Pay Features

Billing & Invoicing Supported
Budgeting / Forecasting Supported
Compliance Management Supported
Contract Lifecycle Management Supported
Financial Reporting Supported
Integration Management Supported
Inventory Management Supported
Order Management Supported
Vendor Management Supported

Procurement Features

Asset Management Supported
Auction Management Supported
Bid Management Supported
Budget Management Supported
Catalog Management Supported
Contract Management Supported
Inventory Management Supported
Invoice Processing Supported
PunchOut Not Supported
Purchase Order Management Supported
Receiving Not 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 Not Supported
Procurement Management Supported
Receipt Management Supported
Spend Analysis Supported
Spend Control Supported
Supplier Management Supported

Billing and Invoicing Features

Billing Portal Supported
Contact Database Supported
Contingency Billing Supported
Customer Portal Supported
Customizable Invoices Supported
Dunning Management Supported
Hourly Billing Supported
Invoice History Supported
Mobile Payments Supported
Multi-Currency Supported
Online Invoicing Supported
Online Payments Supported
Payment Processing Supported
Project Billing Supported
Recurring/Subscription Billing Supported
Service Ticket Billing Supported
Tax Calculator Supported

Catalog Management Features

Catalog Creation Supported
Content Library Supported
Content Management Supported
Cross Selling Functionality Supported
Custom Product Attributes Supported
Customizable Catalogs Supported
Desktop Publishing Supported
Pricing Management Supported
Product Comparison Supported
Search Supported

Contract Management Features

Buy Side (Suppliers) Supported
Completion Tracking Supported
Compliance Tracking Supported
Contract Lifecycle Management Supported
Electronic Signature Supported
Full Text Search Supported
Government Contracts Supported
Pre-built Templates Supported
Sell Side (Customers) Supported
Specialty Contracts Supported
Version Control Supported
Workflow 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 Supported
Vendor Performance Rating Supported
Vendor Qualification Tracking Supported
Penny:

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
PRM360:

Integrations

Fusion Software Not Supported
NetSuite Not Supported
SAP S/4HANA Not Supported
Xero Not Supported
Zoho Books Not Supported
Penny:

Integrations

Fusion Software Supported
NetSuite Supported
SAP S/4HANA Supported
Xero Supported
Zoho Books Supported
PRM360:
Claim PRM360 and update features and information
Claim PRM360 and update features and information
Penny:
Claim Penny and update features and information
Claim Penny and update features and information