Penny Customer Reviews in April 2025

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.

Pricing

Price Starts At:

$1999 per month

Price Overview:

Penny is a Modular System.
The price is determined by the modules chosen and the number of users.

Integrations

Offers API?:

Yes, Penny provides an API

All Penny Integrations

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Screenshots and Video

Company Facts

Company Name:

Penny Software

Date Founded:

2019

Company Location:

Global

Company Website:

penny.co

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Product Details

Deployment

SaaS

Chromebook

On-Prem

Training Options

Documentation Hub

Online Training

Webinars

Video Library

Support

Standard Support

Product Details

Target Company Sizes

51-200

201-500

501-1000

1001-5000

5001-10000

10001+

Target Organization Types

Mid Size Business

Enterprise

Nonprofit

Government

Supported Languages

English

Penny Categories and Features

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

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

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

Procure to Pay Software

Billing & Invoicing

Budgeting / Forecasting

Compliance Management

Contract Lifecycle Management

Financial Reporting

Integration Management

Inventory Management

Order Management

Vendor Management

More Penny Categories

RFx

RFQ