Penny 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.

Penny Alternatives
Medius Reviews
Medius
Simplicity should not be complicated. Medius makes AP autonomic--using intelligent technology to reimagine the way invoices flow through your business. This process doesn't require you to touch it and gets smarter with each step. The Medius Accounts payable suite automates the entire source-to pay process. Automate and simplify your entire AP process with the Medius Accounts Payable suite. This includes manual invoice matching, keying, matching, processing, and paper removal. You will always have complete visibility of your invoices, spend, and cash flow so you can close the books on schedule. Improve the payment process within your company to reduce complexity, reduce fraud, and save money. Medius Pay automates the process of paying suppliers. It eliminates manual processes like processing checks and encourages automated work. Give your procurement team the tools they need for eliminating maverick spending.
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Procurify Reviews
Procurify
(3 Ratings)
Procurify is the Intelligent Spend Management company. We’re on a mission to give all organizations unprecedented visibility and control over their business spend. By bringing more spend under management in one procure-to-pay solution, our customers capture unified spend data that can be harnessed to realize millions of dollars in time and cost savings. Procurify is trusted by hundreds of customers worldwide to manage over US$30 billion dollars of organizational spend.
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CompareCoOps Reviews
CompareCoOps
CompareCoOps allows public agencies to find suppliers, get competitive quotes and report on contract usage. It is transparent, simple, and completely free for agencies. Source cooperatives to source suppliers of products or services in a wide range popular categories. Cooperative purchasing allows you to save money and lower your risk, while still enjoying the benefits. You can create a secure request using simple tools. Compare responses from all invited suppliers. Select the winning quote, and let suppliers know automatically.
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Promena Reviews
Promena
Since its inception in 2001, Promena has been a key innovator in digital transformation, constantly broadening its global influence with steadfast business alliances and an ever-growing client base. This platform is equipped with a range of specialized modules: E-Sourcing, for efficient and transparent sourcing operations; E-Procurement, which refines procurement into a cost-effective, streamlined process; Contract Management, simplifying intricate contract oversight while boosting compliance; Supplier Relationship Management, fostering durable and mutually beneficial supplier partnerships; Quick RFQ, enabling swift and accurate request for quotations, thereby increasing reactivity; and the Supplier Network, cultivating a robust ecosystem for smooth supplier engagement. Each module synergistically works to position Promena as a comprehensive, modern-day business solution, propelling operational optimization and strategic progress. Embracing Promena means embracing a transformation in business efficiency and relational dynamics. Join the journey with Promena and be part of a new era in business innovation and connectivity.
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Pricing

Pricing Starts At:
$1999 per month
Pricing Information:
Penny is a Modular System.
The price is determined by the modules chosen and the number of users.

Integrations

API:
Yes, Penny has an API
View Integrations

Reviews - 4 Verified Reviews

Total
ease
features
design
support
See More Reviews Write a Review

Company Details

Company:
Penny Software
Year Founded:
2019
Headquarters:
Global
Website:
penny.co
Update This Listing

Media

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

Platforms
SaaS
Chromebook
On-Premises
Type of Training
Documentation
Live Online
Webinars
Videos
Customer Support
Phone Support

Penny Features and Options

Procurement Software

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

RFP Software

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

Purchasing Software

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

Spend Management Software

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

Sourcing Software

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

Procure to Pay Software

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

Penny User Reviews

Write a Review
  • Name: Anonymous (Verified)
    Job Title: CFO
    Length of product use: 1-2 Years
    Used How Often?: Daily
    Role: Administrator
    Organization Size: 26 - 99
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Penny SaaS

    Date: Jun 23 2022

    Summary: 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.

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

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

    Read More...
    Penny Company Response
    Date: Jun 26 2022
    Thank you for sharing this! We're happy to hear you had a good experience with Penny Software.
  • Name: Anonymous (Verified)
    Job Title: Managing Director
    Length of product use: 1-2 Years
    Used How Often?: Daily
    Role: User, Administrator, Deployment
    Organization Size: 26 - 99
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Managing Director

    Date: Jun 20 2022

    Summary: 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.

    Positive: 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.

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

    Read More...
    Penny Company Response
    Date: Jun 26 2022
    Thank you for sharing your experience with Penny. This feedback will help in making the necessary improvements.
  • Name: Anonymous (Verified)
    Job Title: G M
    Length of product use: 1-2 Years
    Used How Often?: Daily
    Role: Administrator, Deployment
    Organization Size: 1 - 25
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Review

    Date: Jun 20 2022

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

    Positive: 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.

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

    Read More...
    Penny Company Response
    Date: Jun 22 2022
    We greatly appreciate your feedback. We're glad to hear you had a good experience with Penny
  • Name: Anonymous (Verified)
    Job Title: System Support Officer
    Length of product use: 1-2 Years
    Used How Often?: Daily
    Role: Administrator
    Organization Size: 1 - 25
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Penny Review

    Date: Nov 01 2022

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

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

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

    Read More...
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