Penny

Penny

Penny Software
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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.

About

Procverse, the world's first Web 3.0-enabled ERP-driven B2B E-marketplace for Manufacturers. It seamlessly automates procurement and sales processes, providing a dynamic marketplace for product showcases. Effortlessly navigate your procurement cycle from RFQ to Purchase Order with Procverse. Benefit from internal approvals, Supplier discovery, and Reverse auctions, empowering your company with seamless efficiency. Procverse goes beyond being a platform; it's an ecosystem. It Connects companies and provides them access to free inquiries harnessing the power of synergy. Also, Experience an Amazon-like marketplace where companies showcase and sell products online. Facilitate the exchange of goods, including scrap materials, through automated forward and reverse auctions. Access high-end reports and dashboards, arming your company with intuitive tools for effective management. Procverse is not just a solution; it's your partner in navigating the future of B2B excellence.

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

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

Audience

Manufacturing Companies, Procurement team, Sales Team, Secondary Sale Team, EPC Companies,

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

Screenshots and Videos

No images available

Pricing

No information available.
Free Version
Free Trial

Pricing

No information available.
Free Version
Free Trial

Reviews/Ratings

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

Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 4.0 / 5
support 5.0 / 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.

Pros & Cons from Real Users

Pros

  • We’ve been using Procverse extensively to manage our procurement operations at Tesla Transformers, and it has fundamentally simplified how our purchase team works. RFQ automation, vendor quoting, technical approvals, and automated comparison statements have reduced manual effort and cycle time significantly. The platform integrates seamlessly with our ERP, giving us transparency, control, and faster decision-making across procurement.

Cons

  • The UI could have been little better. Though It packs lot of features in it. It does not integrate Stores and GST to the Modules

Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

Penny Software
Founded: 2019
Global
penny.co

Company Information

Procverse
Founded: 2023
India
www.procverse.in

Alternatives

Alternatives

ProcurEngine

ProcurEngine

AgileApt Solutions
RapidQuote

RapidQuote

eHub Software
Promena

Promena

Promena Strategic Procurement Solutions

Categories

Categories

Procurement Features

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Procure to Pay Features

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

Purchasing Features

Catalog Management
Compliance Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

RFP Features

Bid Management
Collaboration
Content Management
Data Import / Export
Due Date Tracking
Knowledge Library
Progress Tracking
Requirements Management
RFP Creation
RFP Responding
Task Management
Templates
Vendor Management

Sourcing Features

Auction Management
Budget Management
Collaboration
Global Sourcing Management
Rfx Management
Spend Management
Supplier Management
Supplier Qualification
Supplier Risk Management
Supplier Web Portal
Template Management

Spend Management Features

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

Integrations

Fusion Software
NetSuite
SAP S/4HANA
Xero
Zoho Books

Integrations

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