Penny Reviews & Ratings

Penny

4.8 out of 5 stars

Ratings and Reviews 4 Ratings

Total 5 out of 5 stars
ease 5 out of 5 stars
features 4.5 out of 5 stars
design 4.5 out of 5 stars
support 5 out of 5 stars

Ratings and Reviews 0 Ratings

Total 0 out of 5 stars
ease 0 out of 5 stars
features 0 out of 5 stars
design 0 out of 5 stars
support 0 out of 5 stars

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What is Penny?

Penny is an innovative Procure-To-Pay solution that operates in the cloud, offering a beautifully crafted and user-friendly interface that simplifies and digitizes your entire procurement process from the initial request all the way through to payment. With penny, you can effortlessly issue RFQs, RFPs, and RFIs to various suppliers, compare their quotes, generate purchase orders, and handle payments, all while streamlining what is often a complex and cumbersome procedure into a cohesive, intelligent system tailored to your organization’s needs. So, how does penny contribute to your organization’s efficiency and cost-effectiveness? ● It allows for precise budget allocation, management, and oversight across various dimensions such as expense accounts, projects, departments, locations, and teams. ● By streamlining procurement, penny ensures that requests, approvals, and purchase orders are not lost in a sea of emails or handled offline. ● The platform simplifies the process of retrieving and monitoring the history of requests and purchases, enhancing transparency. ● Product requests become more accurate through the use of catalogs, effectively reducing the likelihood of purchasing mistakes. ● You can generate comprehensive reports and analyses directly from the platform, providing a centralized source of data for all procurement activities. ● Designed with user experience as a priority, penny is cloud-based, ensuring accessibility and ease of use for your team. Additionally, our Action Board fosters collaboration and provides a straightforward interface, ensuring that every team member can navigate the procurement process with confidence and efficiency.

What is Industry Prime?

The era of cumbersome inventories and intricate Excel sheets is behind us, as communication has become more efficient, greatly reducing unnecessary exchanges. You can easily track the status of your items, whether they are being inquired about, pending approval, or already shipped. With a simple click, you can generate immediate reports on monthly usage, receipts, stock summaries, and valuations. The consumption report can be applied across various cost centers, promoting preventive maintenance while reducing waste. Ensuring prompt payments, well-crafted purchase orders, and notifications through email and SMS are all effective methods to enhance service quality. With a streamlined view of quotation comparisons, historical purchase rates, and current stock data all presented on one page, you can acquire the right amount of goods at the best price exactly when needed. There is no need for a hefty upfront investment or additional infrastructure expenses; instead, you can take advantage of a cost-effective monthly subscription based on the number of business divisions you have. Furthermore, you benefit from unlimited user access, fostering unrestricted team collaboration and communication. This innovative solution represents a significant leap forward in efficiency and cost-effectiveness for contemporary businesses, making it an essential tool for success in today’s competitive landscape.

Media

Media

Integrations Supported

Fusion Software
NetSuite
SAP S/4HANA
Xero
Zoho Books

Integrations Supported

API Availability

Has API

API Availability

Pricing Information

Pricing not provided

Pricing Information

$14 per user per month

Supported Platforms

SaaS
On-Prem
Chromebook

Supported Platforms

SaaS

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Penny Software

Date Founded

2019

Company Location

Global

Company Website

penny.co

Company Facts

Organization Name

IndustryPrime

Company Location

India

Company Website

www.industryprime.com

Categories and Features

Procure to Pay

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

Procurement

Bid Management
Budget Management
Catalog Management
Contract Management
Invoice Processing
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Purchasing

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

RFP

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

RFQ

Not specified

Sourcing

Budget Management
Collaboration
Rfx Management
Spend Management
Supplier Management
Supplier Qualification
Supplier Risk Management
Supplier Web Portal
Template Management

Spend Management

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

Categories and Features

Procurement

Invoice Processing
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

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