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penny Logo

Cloud-based Procure-To-Pay

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penny - 2026 Pricing, Features, Reviews & Alternatives

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Last updated: August 2026

penny overview

What is penny?

Penny is a cloud-based procurement system that automates sourcing and Procure-to-Pay workflows end-to-end. Built for enterprise teams, Penny replaces scattered emails, spreadsheets, and disconnected approval chains with a single connected workflow, from request to payment.

With Penny, procurement teams gain full visibility and control over spend, faster sourcing cycles, and measurable savings, without needing to switch systems at any stage of the process.

Key Features

Automated RFQ/RFP creation and distribution

AI-driven supplier comparison and scoring

Automated internal approval routing

Purchase order (PO) issuance and tracking

Goods receipt notification (GRN) and 3-way invoice matching

Real-time budget tracking with predictive alerts

Consolidated spend reporting and savings analytics

Full purchase history and audit trail

Starting price


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penny’s user interface

Ease of use rating:

penny reviews

Overall rating

5.0

/5

1

Positive reviews

100

%

Rating breakdown
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend1.00/10
Rating distribution

5

4

3

2

1

1

0

0

0

0

penny's key features

Most critical features, based on insights from penny users:

Purchase order management

All penny features

Features rating:

Access controls/permissions
Activity dashboard
Activity tracking
AI copilot
Alerts/Notifications
API
Approval process control
Approval workflow
Audit management
Audit trail
Automatic formatting
Bid management
Billing & invoicing
Budget control
Budgeting/Forecasting
Budget management
Catalog management
Compliance management
Configurable workflow
Contact management
Content management
Contract/License management
Contract lifecycle management
Customizable reports
Customizable templates
Data import/export
Document automation
Document management
Document review
Document storage
Document templates
Due date tracking
ERP integration
Expense tracking
Financial management
Financial reporting
Generative ai
Global sourcing management
Integration management
Invoice management
Invoice processing
Knowledge library
Multi-Currency
Multi-Location
Onboarding
Order management
Order tracking
Performance metrics
Procurement management
Progress tracking
Proposal generation
Purchase order management
Purchasing & receiving
Purchasing reports
Quotes/Estimates
Real-Time analytics
Real-Time data
Real-Time notifications
Real-Time reporting
Receipt management
Receiving
Reimbursement management
Reminders
Reporting & statistics
Requirements management
Requisition management
RFP creation
RFP responding
Rfx management
Rules-Based workflow
Search/Filter
Self service portal
Sourcing management
Spend analysis
Spend control
Spend management
Supplier management
Supplier qualification
Supplier risk management
Task management
Template management
Templates
Time & expense tracking
Transaction history
Vendor management
Vendor master data management
Workflow management

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penny pricing

Value for money rating:

Starting from

Empty state illustration for "No pricing info"

No pricing info

Pricing details
Subscription
Free trial
Free plan
Pricing range

User opinions about penny price and value

Value for money rating:

penny support options

Typical customers

Freelancers
Small businesses
Mid size businesses
Large enterprises

Platforms supported

Web
Android
iPhone/iPad

Support options

FAQs/Forum
Email/Help Desk
Chat
Phone Support
Knowledge Base

Training options

In Person
Live Online
Documentation
Videos

penny FAQs

Q. Who are the typical users of penny?

penny has the following typical customers:
Small Business, Mid-size Business, Large Enterprises

These products have better value for money


Q. What level of support does penny offer?

penny offers the following support options:
FAQs/Forum, Email/Help Desk, Chat, Phone Support, Knowledge Base

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