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Average Ratings 4 Ratings
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Description
Averoic is a no-code platform designed for executing governed and audit-ready business processes, serving as a quicker and more flexible option compared to traditional ERP systems and the use of spreadsheets and emails for operations. Users can easily set up complex workflows and approval systems (featuring maker-checker processes with authority limits), as well as manage forms, data collection, dashboards, and reports, all while implementing attribute-based access control that defaults to denying access and ensuring a complete, time-stamped audit trail—resulting in a fully configured system that can be operational in just weeks. The platform offers pre-built templates for various functions, including loan origination, governance for credit and investment committees, insurance claims processing, procure-to-pay cycles, vendor onboarding, finance postings, and payroll management. It boasts seamless integration through REST APIs, various channels, and robust service tasks, incorporating features for document generation and real-time notifications. With an AI assistant that can create apps, forms, and workflows using straightforward language, Averoic also ensures per-tenant isolation and data residency options on AWS, in the cloud or in a dedicated environment in your region (on-premise available on request for enterprise deployments). Currently deployed at UTI Alternatives, Averoic has achieved up to 60% faster time-to-market for launching new lending processes, demonstrating its efficiency and effectiveness in streamlining business operations. This enables organizations to stay agile and responsive in a rapidly changing market.
Description
Penny is a cloud-based Procure-To-Pay system. Beautifully designed and easy to use, penny digitalizes and manages your entire procurement cycle, from request to pay. Send RFQs, RFPs, and RFIs to multiple vendors, compare quotes, send POs, and even payment. penny was created to make a complicated process simple by combining all your organization's procurement requirements into a single intelligent system.
How can penny help your organization save time & money?
● Allocate, manage, and monitor budgets by expense accounts, projects, departments, location, teams, etc.
● Streamline procurement means that requests, approvals, and POs won’t be lost in emails or offline.
● The platform makes it simple to extract and track the history and records of requests and purchases.
● Product requests are more accurate through catalogs, avoiding purchasing errors.
● Reports and analysis can be extracted from the platform, giving you a consolidated data center for all your procurement activities.
● penny is cloud-based and was designed with ease-of-use in mind.
Our Action Board gives your team a user-friendly and simple experience.
API Access
Has API
Yes
API Access
Has API
Yes
Integrations
Fusion Software
No
NetSuite
No
SAP S/4HANA
No
Xero
No
Zoho Books
No
Integrations
Fusion Software
Yes
NetSuite
Yes
SAP S/4HANA
Yes
Xero
Yes
Zoho Books
Yes
Pricing Details
$20 per user per month
Free: $0, no time limit (1 application, up to 3 users, workflow, forms and audit trail, community support). Growth: early-adopter price $20 per user per month, locked while the subscription stays active, for our first 50 customers (billed annually; list price $29). Unlimited applications, live dashboards, support, self-service configuration. Enterprise: custom pricing (advanced access control, channels and integrations, SLA monitoring, custom domain and branded login, data residency in your region).
Free Trial
Yes
Free Version
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
Yes
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
Yes
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
Averoic Digital Group
Founded
2026
Country
Ghaziabad, Delhi NCR, India
Website
averoic.com
Vendor Details
Company Name
Penny Software
Founded
2019
Country
Global
Website
penny.co
Product Features
Business Process Management
Access Controls / Permissions
Yes
Alerts / Notifications
Yes
Business Process Automation
Yes
Business Rules Management
Yes
Collaboration
No
Process Change Tracking
Yes
Process Mapping
Yes
Process Modeling & Design
Yes
Visual Workflow Management
Yes
Product Features
Procure to Pay
Billing & Invoicing
Yes
Budgeting / Forecasting
Yes
Compliance Management
Yes
Contract Lifecycle Management
Yes
Financial Reporting
No
Integration Management
Yes
Inventory Management
No
Order Management
Yes
Vendor Management
Yes
Procurement
Asset Management
No
Auction Management
No
Bid Management
Yes
Budget Management
Yes
Catalog Management
Yes
Contract Management
Yes
Inventory Management
No
Invoice Processing
Yes
PunchOut
No
Purchase Order Management
Yes
Receiving
Yes
Requisitions & Approvals
Yes
Sourcing Management
Yes
Spend Management
Yes
Supplier Management
Yes
Purchasing
Catalog Management
Yes
Compliance Management
No
Contract Management
Yes
Inventory Management
No
Invoice Processing
Yes
PunchOut
No
Purchase Order Management
Yes
Requisitions & Approvals
Yes
Sourcing Management
Yes
Spend Management
Yes
Supplier Management
Yes
RFP
Bid Management
Yes
Collaboration
Yes
Content Management
No
Data Import / Export
Yes
Due Date Tracking
Yes
Knowledge Library
No
Progress Tracking
Yes
RFP Creation
Yes
RFP Responding
Yes
Requirements Management
Yes
Task Management
No
Templates
Yes
Vendor Management
Yes
Sourcing
Auction Management
No
Budget Management
Yes
Collaboration
Yes
Global Sourcing Management
No
Rfx Management
Yes
Spend Management
Yes
Supplier Management
Yes
Supplier Qualification
Yes
Supplier Risk Management
Yes
Supplier Web Portal
Yes
Template Management
Yes
Spend Management
Approval Workflow
Yes
Budgeting / Forecasting
Yes
Expense Tracking
Yes
Multi-Currency
Yes
Prepaid Cards
Yes
Procurement Management
Yes
Receipt Management
Yes
Spend Analysis
Yes
Spend Control
Yes
Supplier Management
Yes
