Audience

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

About Penny

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.

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Integrations

API:
Yes, Penny offers API access
See Integrations

Ratings/Reviews - 4 User Reviews

Overall 4.8 / 5
ease 4.8 / 5
features 4.5 / 5
design 4.2 / 5
support 4.8 / 5
More Reviews Write a Review

Company Information

Penny Software
Founded: 2019
Global
penny.co

Videos and Screen Captures

Play Video Action Board E-Sourcing Comparison Table Product & Catalogues Quotation Budget
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Product Details

Platforms Supported
Cloud
Chromebook
On-Premises
Training
Documentation
Live Online
Webinars
Videos
Support
Phone Support
24/7 Live Support
Online

Penny Frequently Asked Questions

Q: What kinds of users and organization types does Penny work with?
Q: What languages does Penny support in their product?
Q: What kind of support options does Penny offer?
Q: What other applications or services does Penny integrate with?
Q: Does Penny have an API?
Q: What type of training does Penny provide?
Q: What pricing for support is available for Penny?
Q: What pricing for training is available for Penny?

Penny Product Features

Procure to Pay

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

Procurement

Bid Management Supported
Budget Management Supported
Catalog Management Supported
Contract Management Supported
Invoice Processing Supported
Purchase Order Management Supported
Receiving Supported
Requisitions & Approvals Supported
Sourcing Management Supported
Spend Management Supported
Supplier Management Supported
Asset Management Not Supported
Auction Management Not Supported
Inventory Management Not Supported
PunchOut Not Supported

Purchasing

Catalog Management Supported
Contract Management Supported
Invoice Processing Supported
Purchase Order Management Supported
Requisitions & Approvals Supported
Sourcing Management Supported
Spend Management Supported
Supplier Management Supported
Compliance Management Not Supported
Inventory Management Not Supported
PunchOut Not Supported

RFP

Bid Management Supported
Collaboration Supported
Data Import / Export Supported
Due Date Tracking Supported
Progress Tracking Supported
RFP Creation Supported
RFP Responding Supported
Requirements Management Supported
Templates Supported
Vendor Management Supported
Content Management Not Supported
Knowledge Library Not Supported
Task Management Not Supported

RFQ

Sourcing

Budget Management Supported
Collaboration Supported
Rfx Management Supported
Spend Management Supported
Supplier Management Supported
Supplier Qualification Supported
Supplier Risk Management Supported
Supplier Web Portal Supported
Template Management Supported
Auction Management Not Supported
Global Sourcing Management Not Supported

Spend Management

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

Penny Additional Categories

RFx

Penny Verified User Reviews

Write a Review
  • A Penny User
    System Support Officer
    Used the software for: 1-2 Years
    Frequency of Use: Daily
    User Role: Administrator
    Company Size: 1 - 25
    Design
    Ease
    Features
    Pricing
    Support
    Probability You Would Recommend?
    1 2 3 4 5 6 7 8 9 10

    "Penny Review "

    Posted 2022-11-01

    Pros: The service provided by the account manager, the account manager is quite fast, responsive, cooperative, and bright.

    Cons: I don't like the communication channel via Slack because there is a difficulty in tracking the unresolved issues.

    Overall: Our experience was good but, sometimes there are lack of issues that need to be prioritized which causes constant delays.

    Read More...
  • A Penny User
    CFO
    Used the software for: 1-2 Years
    Frequency of Use: Daily
    User Role: Administrator
    Company Size: 26 - 99
    Design
    Ease
    Features
    Pricing
    Support
    Probability You Would Recommend?
    1 2 3 4 5 6 7 8 9 10

    "Penny SaaS"

    Posted 2022-06-23

    Pros: Penny software is Ease of use SaaS application which contains the following advantages:
    User friendly
    Monitor our spending
    Vendor Management
    Budget control

    Cons: So far i didn't find any major disadvantages of using Penny software.

    Overall: We can consider our experience with Penny Software a positive one since it helps us to reduce the amount of time we spend in managing our vendors portfolio and it saves us a lot of money.

    Read More...
    Reply from Penny
    Posted 2022-06-26
    Thank you for sharing this! We're happy to hear you had a good experience with Penny Software.
  • A Penny User
    Managing Director
    Used the software for: 1-2 Years
    Frequency of Use: Daily
    User Role: User, Administrator, Deployment
    Company Size: 26 - 99
    Design
    Ease
    Features
    Pricing
    Support
    Probability You Would Recommend?
    1 2 3 4 5 6 7 8 9 10

    "Managing Director"

    Posted 2022-06-20

    Pros: 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.

    Cons: The filtering and searching of products could use more revamping to match how sophisticated the user experience are presented.

    Overall: Penny's software is a great tool to manage your procurement needs, and is smart enough to use for reports and tracking. For the right organization it can be a life saver.

    Read More...
    Reply from Penny
    Posted 2022-06-26
    Thank you for sharing your experience with Penny. This feedback will help in making the necessary improvements.
  • A Penny User
    G M
    Used the software for: 1-2 Years
    Frequency of Use: Daily
    User Role: Administrator, Deployment
    Company Size: 1 - 25
    Design
    Ease
    Features
    Pricing
    Support
    Probability You Would Recommend?
    1 2 3 4 5 6 7 8 9 10

    "Review"

    Posted 2022-06-20

    Pros: 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 think the overall very good and the technical support is excellent.

    Overall: I think the overall is very good and the technical support is excellent and it helps me a lot for running my business.

    Read More...
    Reply from Penny
    Posted 2022-06-22
    We greatly appreciate your feedback. We're glad to hear you had a good experience with Penny
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