Penny Reviews & Ratings

Penny

4.8 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

This software has no reviews. Be the first to write a review.

Write a Review

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

Alternatives to Consider

  • Fraxion Reviews & Ratings
    4.4 out of 5 stars 195 Ratings
    Company Website for Fraxion
  • Order.co Reviews & Ratings
    4.6 out of 5 stars 228 Ratings
    Company Website for Order.co
  • Martus Reviews & Ratings
    4.7 out of 5 stars 187 Ratings
    Company Website for Martus
  • Zahara Reviews & Ratings
    4.4 out of 5 stars 34 Ratings
    Company Website for Zahara
  • Setyl Reviews & Ratings
    4.8 out of 5 stars 48 Ratings
    Company Website for Setyl
  • Rippling Reviews & Ratings
    4.8 out of 5 stars 21,040 Ratings
    Company Website for Rippling
  • Budgyt Reviews & Ratings
    4.8 out of 5 stars 291 Ratings
    Company Website for Budgyt
  • Wallester Reviews & Ratings
    4.8 out of 5 stars 277 Ratings
    Company Website for Wallester
  • Epicor Financials Reviews & Ratings
    Company Website for Epicor Financials
  • LinkSquares Reviews & Ratings
    4.7 out of 5 stars 727 Ratings
    Company Website for LinkSquares

What is Trace Spend?

Presenting an all-inclusive procurement application tailored for teams that thrive on multitasking. This innovative solution merges budget management, procurement workflows, and spending analytics into one cohesive platform. It streamlines financial oversight for budget managers and their teams, alleviating the burden of managing requests from diverse sources such as email, Slack, or Jira. With user-friendly workflows, the purchasing experience becomes effortless and intuitive. All requests are consolidated in a single hub, using a straightforward workflow that engages users by asking a few questions at once. Vendors and contracts can be added immediately or at a later stage, providing much-needed flexibility. As users work through transactions, they can construct and adjust purchase plans from the ground up, adapting to evolving needs. The approval process can involve various departments, including procurement, IT, legal, and finance, ensuring comprehensive participation through customizable workflows. This collaborative approach not only enhances communication but also significantly improves the overall efficiency and responsiveness of the procurement process. Ultimately, this platform empowers teams to optimize their resources and streamline operations like never before.

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.

Media

Media

Integrations Supported

NetSuite
Amazon Web Services (AWS)
Google Cloud Platform
Microsoft 365
Microsoft Excel
QuickBooks Online
Sage Intacct

Integrations Supported

NetSuite
Fusion Software
SAP S/4HANA
Xero
Zoho Books

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS
On-Prem
Chromebook

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

Trace

Date Founded

2017

Company Location

United States

Company Website

www.tracehq.com

Company Facts

Organization Name

Penny Software

Date Founded

2019

Company Location

Global

Company Website

penny.co

Categories and Features

Budgeting

Not specified

Spend Management

Not specified

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

Popular Alternatives

Popular Alternatives

Tradogram Reviews & Ratings

Tradogram

5.0 out of 5 stars
Penny Reviews & Ratings

Penny

Penny Software
4.8 out of 5 stars
ControlHub Reviews & Ratings

ControlHub

4.3 out of 5 stars
Procurify Reviews & Ratings

Procurify

4.7 out of 5 stars
Promena Reviews & Ratings

Promena

Promena Strategic Procurement Solutions