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

Tradogram is cloud-based procurement software built for growing organizations that need more control over purchasing without adding unnecessary complexity. The platform brings the procurement process into a single connected system, from the first purchase request through approval, ordering, receiving, invoice processing, and payment. Procurement and finance teams can see what is being requested, approved, ordered, received, and spent without chasing spreadsheets, emails or disconnected records. Tradogram includes tools for: Purchase requisitions and configurable approval workflows Purchase order management RFQs, RFPs and strategic sourcing Supplier onboarding and performance management Receiving and delivery tracking Invoice processing and three-way matching Budget and spend tracking Contract management Expense management Inventory management Multi-location and multi-entity procurement Procurement reporting and analytics

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

Platforms Supported

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

Audience

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

Audience

Trusted by cross-industry organizations worldwide to automate their procurement process and cut costs.

Support

Phone Support Supported
24/7 Live Support 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

$99/month
Essentials - 1+ users
Premium - 20+ users
Scale - Unlimited users
Free Version Supported
Free Trial Supported

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 4.7 / 5
features 4.6 / 5
design 4.4 / 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

  • Customizability, Scalability, Feature set, User Interface, Functionality, Cost & Customer/Product support.
  • Diana was an absolute pleasure. She was able to make my requested change in about a minute, and was willing to help with more if need be. Once she was "on the line" she responded quickly and it was great.
  • Ease of use for end user. Flexible platform for customization. Procurement approval hierarchy. CARTSCAN for major online stores. Cost effective solution.
  • I really like the ease of the program. It can do as much or as little as you want. Price is so affordable compared to so many other programs we looked at. Customer service is top notch. Every time I have asked a question I have someone reaching out to me within the hour. Everyone is so helpful and knowledgeable.
  • We implemented Tradogram a couple of years ago and the company roll out was extraordinary. We had it fully setup with everyone using it in the first week! No training was needed and we literally saw an ROI in the first month. If you're looking for a simple yet very powerful procurement system Tradogram is for you. It also integrated seamlessly with out accounting system, which our AP team has been very grateful for. Thank you Tradogram team for the awesome product!

Cons

  • We've not had any major negative issues with the product/product support.
  • Nothing, the process was great from beginning to end.
  • Would like more integration of warehouse locations within stock control element. I would like to create my own buttons and data points on the interface.
  • I wish Deliveries had dollar amounts so I wouldn't have to check out the pricing in the Purchase Order first then go into deliveries to accept delivery. The other item I would like to see is to be able to edit a purchase order once it has been partially received. Sometimes pricing is different or an additional freight charge is applied and I can't edit the purchase order because I received partial materials. I am new, so maybe there is a way around these items that I haven't figured out yet.
  • Reporting was a bit of an issue at first but then we were able to figure it out, there are many options for reporting.

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Not Supported

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Supported

Company Information

Penny Software
Founded: 2019
Global
penny.co

Company Information

Tradogram
Founded: 2014
Canada
tradogram.com

Alternatives

Alternatives

Coupa

Coupa

Coupa Software
Promena

Promena

Promena Strategic Procurement Solutions

Categories

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

Categories

Accounts Payable Supported
AP Automation Supported
Expense Report Supported
Procure to Pay Supported
Procurement Supported
Purchasing Supported
RFQ Supported
Sourcing Supported
Spend Analysis Supported
Vendor 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 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

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

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

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

Procure to Pay Features

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

Sourcing Features

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

Accounts Payable Features

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

Contract Management Features

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

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

Integrations

NetSuite Supported
Xero Supported
Ace Cloud Hosting Not Supported
Fusion Software Supported
Microsoft Azure Not Supported
Microsoft Dynamics 365 Not Supported
Microsoft Dynamics GP Not Supported
Microsoft Dynamics SL Not Supported
Oracle BPM Suite Not Supported
QuickBooks Online Not Supported
QuickBooks Online Advanced Not Supported
SAP ERP Not Supported
SAP S/4HANA Supported
Sage 300 Not Supported
Sage 300 Construction and Real Estate (CRE) Not Supported
Zoho Books Supported

Integrations

NetSuite Supported
Xero Supported
Ace Cloud Hosting Supported
Fusion Software Not Supported
Microsoft Azure Supported
Microsoft Dynamics 365 Supported
Microsoft Dynamics GP Supported
Microsoft Dynamics SL Supported
Oracle BPM Suite Supported
QuickBooks Online Supported
QuickBooks Online Advanced Supported
SAP ERP Supported
SAP S/4HANA Not Supported
Sage 300 Supported
Sage 300 Construction and Real Estate (CRE) Supported
Zoho Books Not Supported
Claim Penny and update features and information
Claim Penny and update features and information
Claim Tradogram and update features and information
Claim Tradogram and update features and information