Average Ratings 4 Ratings
Average Ratings 0 Ratings
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.
Description
The procure-to-pay process encompasses requisitioning, purchasing, receiving, accounting for, and making payments for goods and services. This process can vary significantly, from straightforward office supply purchases to acquiring complex machinery and inventory. To maintain data integrity, organizations should implement a comprehensive audit trail, employing purchase order approval mechanisms to monitor the procurement journey from initial order to final payment to suppliers. WebReq offers procure-to-pay software that consists of modular components, which can function independently or as a cohesive purchase-to-pay solution. Initially developed as a purchase requisition tool, WebReq enables users to submit requisitions that are then approved in accordance with established guidelines. These guidelines dictate how requisitions progress into purchase orders, which are subsequently dispatched to suppliers. The approval processes have advanced significantly over time, resulting in minimal restrictions on requisition approvals, thus empowering organizations to streamline their procurement activities more effectively. Furthermore, this evolution reflects the growing complexity and sophistication of modern procurement practices.
API Access
Has API
Yes
API Access
Has API
No
Integrations
Fusion Software
Yes
NetSuite
Yes
SAP S/4HANA
Yes
Xero
Yes
Zoho Books
Yes
Integrations
Fusion Software
No
NetSuite
No
SAP S/4HANA
No
Xero
No
Zoho Books
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$20 per month
Free Trial
No
Free Version
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
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
Yes
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
Penny Software
Founded
2019
Country
Global
Website
penny.co
Vendor Details
Company Name
GT Management
Founded
2000
Country
Australia
Website
www.webreq.com.au
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
Product Features
Procurement
Asset Management
Yes
Auction Management
Yes
Bid Management
No
Budget Management
Yes
Catalog Management
Yes
Contract Management
No
Inventory Management
No
Invoice Processing
Yes
PunchOut
Yes
Purchase Order Management
Yes
Receiving
Yes
Requisitions & Approvals
Yes
Sourcing Management
Yes
Spend Management
Yes
Supplier Management
Yes