Penny

Penny

Penny Software
4.8 out of 5 stars
Precoro

Precoro

5.0 out of 5 stars
Penny Precoro

Related Products

  • Fraxion
    4.4 out of 5 stars 199 Ratings
    Visit Website for Fraxion
  • Order.co
    4.6 out of 5 stars 228 Ratings
    Visit Website for Order.co
  • Zahara
    4.4 out of 5 stars 34 Ratings
    Visit Website for Zahara
  • Sage Intacct
    4.3 out of 5 stars 8,836 Ratings
    Visit Website for Sage Intacct
  • P3Source
    4.9 out of 5 stars 16 Ratings
    Visit Website for P3Source
  • Pipefy
    4.6 out of 5 stars 594 Ratings
    Visit Website for Pipefy
  • Jesta Vision Suite
    4.5 out of 5 stars 42 Ratings
    Visit Website for Jesta Vision Suite
  • Setyl
    4.8 out of 5 stars 49 Ratings
    Visit Website for Setyl
  • optivalue.ai
    5.0 out of 5 stars 4 Ratings
    Visit Website for optivalue.ai
  • Rippling
    4.7 out of 5 stars 22,631 Ratings
    Visit Website for Rippling
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.
Precoro:

About

Precoro is a cloud-based solution that consolidates procurement, AP, and payment management. It automates operations with AI, eliminates manual work, prevents maverick spend, and drives savings — faster than you think. Procurement: Build stronger relationships with suppliers, store contracts, and simplify requests for employees. AP & Payments: Save time with AI-powered OCR, 3-way matching, and approval workflows. Close the loop by paying vendors directly from Precoro with virtual cards to ensure a seamless request-to-pay cycle. Spend Management: Seamlessly navigate budgets across locations and departments, manage expenses, and generate reports for insightful analysis. Supplier Management: Automate vendor onboarding and approval to mitigate possible risks. Connect Precoro with ERP systems like NetSuite, QuickBooks Online, Xero, and Sage, or build custom connections using a free API. Eliminate duplicate payments and manual document handling.
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
Precoro:

Platforms Supported

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

Audience

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

Audience

Progressive small, mid-sized businesses and large enterprises across all industries worldwide that want full control over their purchases and payments, without a lengthy implementation.
Penny:

Support

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

Support

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

API

Offers API Supported
Precoro:

API

Offers API Supported
Penny:

Screenshots and Videos

Precoro:

Screenshots and Videos

Penny:

Pricing

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

Pricing

$499/month
Whether you're a small business just starting out or a large enterprise with complex procurement requirements, we have a package designed to meet your unique needs. From purchase order management to vendor onboarding management, our packages are designed to help you achieve procurement excellence.
Free Version Not Supported
Free Trial Supported
Penny:

Reviews/Ratings

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

Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 4.9 / 5
support 5.0 / 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.
Precoro:

Pros & Cons from Real Users

Pros

  • Intuitive interface, functionality, customizability, complete spending visibility, ability to manage separate budget for each department.
  • The interface is very user-friendly. I like the dashboard with charts updating in real time. The number of requests, orders, and statutes are on one screen. Perfect!
  • We can create POs and add vendors to the database easily.
  • Precoro has a team of professionals, who are ready to help you any time you need. Only best recommendation for this product!
  • The simplest and most useful software, an easy way to track all items and keep them secure, perfect success customer team.

Cons

  • I think Precoro should have iOS and Android applications.
  • No issues with it really, everything works as intended.
  • Feeling great about the system, 100% satisfactory.
  • As for us, Precoro works well and meets all requirements, so we don't have any problems or concerns.
  • Everything works perfect. Couldn't be happier with the software.
Penny:

Training

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

Training

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

Company Information

Penny Software
Founded: 2019
Global
penny.co
Precoro:

Company Information

Precoro
Founded: 2015
United States
precoro.com
Penny:

Alternatives

Tradogram

Tradogram

5.0 out of 5 stars
Precoro:

Alternatives

Fraxion

Fraxion

4.4 out of 5 stars
Penny:
Precoro:
Order.co

Order.co

4.6 out of 5 stars
Penny:
Procurify

Procurify

4.7 out of 5 stars
Precoro:
Zahara

Zahara

4.4 out of 5 stars
Penny:
Precoro:
Tipalti

Tipalti

5.0 out of 5 stars
Penny:
Promena

Promena

Promena Strategic Procurement Solutions
Precoro:
Tradogram

Tradogram

5.0 out of 5 stars
Penny:

Categories

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

Categories

AI Procurement Supported
ESG Supported
ESG Reporting Supported
Expense Report Supported
Procure to Pay Supported
Procurement Supported
Purchasing Supported
Spend Analysis Supported
Spend Management Supported
Sustainability Supported
Vendor Management 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

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

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
Precoro:

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 Supported
Order Management Supported
Vendor Management Supported

Procurement Features

Asset Management Supported
Auction Management Supported
Bid Management Not Supported
Budget Management Supported
Catalog Management Supported
Contract Management Supported
Inventory Management 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 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

Expense Report Features

Approval Process Control Supported
Invoice Management Supported
Multi-Currency Supported
Receipt Management Supported
Reimbursement Management Supported
Spend Control Supported
Time Tracking Not Supported
Workflow Management Supported

Sustainability Features

Audit Management Not Supported
Benchmarking Not Supported
Compliance Management Not Supported
Corrective Actions (CAPA) Not Supported
Emissions Management Not Supported
Employee Training Not Supported
Energy Management Not Supported
Incident Management Not Supported
KPIs Not Supported
Performance Metrics Not Supported
Stakeholder Engagement Not Supported
Supplier Management Supported
Waste Management Not 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:

Integrations

NetSuite Supported
Xero Supported
Amazon Not Supported
Amazon Business Not Supported
Exact Online Not Supported
Fusion Software Supported
Grainger Not Supported
Microsoft Dynamics 365 Not Supported
Microsoft Dynamics 365 Business Central Not Supported
Microsoft Power BI Not Supported
Odoo Not Supported
Orange Apron Media Not Supported
QuickBooks Desktop Pro Not Supported
QuickBooks Online Not Supported
SAP S/4HANA Supported
Sage 100 Not Supported
Sage 50 Not Supported
Sage Intacct Not Supported
Slack Not Supported
Zoho Books Supported
Precoro:

Integrations

NetSuite Supported
Xero Supported
Amazon Supported
Amazon Business Supported
Exact Online Supported
Fusion Software Not Supported
Grainger Supported
Microsoft Dynamics 365 Supported
Microsoft Dynamics 365 Business Central Supported
Microsoft Power BI Supported
Odoo Supported
Orange Apron Media Supported
QuickBooks Desktop Pro Supported
QuickBooks Online Supported
SAP S/4HANA Not Supported
Sage 100 Supported
Sage 50 Supported
Sage Intacct Supported
Slack Supported
Zoho Books Not Supported
Penny:
Claim Penny and update features and information
Claim Penny and update features and information
Precoro:
Claim Precoro and update features and information
Claim Precoro and update features and information