---
description: Review of penny Software: system overview, features, price and cost information. Get free demos and compare to similar programs on Software Advice Ireland.
image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png
title: penny | Reviews, Pricing & Demos - SoftwareAdvice IE
---

Breadcrumb: [Home](/) > [RFP Software](/directory/4510/rfp/software) > [penny](/software/217636/penny)

# penny

Canonical: https://www.softwareadvice.ie/software/217636/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
> 
> Verdict: Rated **5.0/5** by 1 users. Top-rated for **Likelihood to recommend**.

-----

## Quick Stats & Ratings

| Metric | Rating | Detail |
| **Overall** | **5.0/5** | 1 Reviews |
| Ease of Use | 5.0/5 | Based on overall reviews |
| Customer Support | 5.0/5 | Based on overall reviews |
| Value for Money | 4.0/5 | Based on overall reviews |
| Features | 4.0/5 | Based on overall reviews |
| Recommendation percentage | 90% | (9/10 Likelihood to recommend) |

## About the vendor

- **Company**: Penny Software

## Commercial Context

- **Pricing model**: Per Feature
- **Target Audience**: 51–200, 201–500, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+
- **Deployment & Platforms**: Cloud, SaaS, Web-based
- **Supported Languages**: Arabic, English
- **Available Countries**: Afghanistan, Albania, Andorra, Armenia, Australia, Austria, Azerbaijan, Bahrain, Bangladesh, Belarus, Belgium, Bhutan, Bosnia & Herzegovina, Brunei, Bulgaria, Cambodia, Canada, China, Croatia, Cyprus and 86 more

## Features

- AI Copilot
- API
- Access Controls/Permissions
- Activity Dashboard
- Activity Tracking
- Alerts/Notifications
- Approval Process Control
- Approval Workflow
- Audit Management
- Audit Trail
- Automatic Formatting
- Bid Management
- Billing & Invoicing
- Budget Control
- Budget Management
- Budgeting/Forecasting
- Catalog Management
- Compliance Management
- Configurable Workflow
- Contact Management

## Support Options

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

## Category

- [RFP Software](https://www.softwareadvice.ie/directory/4510/rfp/software)

## Related Categories

- [RFP Software](https://www.softwareadvice.ie/directory/4510/rfp/software)
- [Procure to Pay Software](https://www.softwareadvice.ie/directory/4436/procure-to-pay/software)
- [Sourcing Software](https://www.softwareadvice.ie/directory/250/strategic-sourcing-software/software)
- [Procurement Software](https://www.softwareadvice.ie/directory/249/procurement-software/software)
- [Purchasing Software](https://www.softwareadvice.ie/directory/528/purchase-order/software)

## Alternatives

1. [TYASuite](https://www.softwareadvice.ie/software/115431/tyasuite-cloud-erp) — 4.2/5 (78 reviews)
2. [ProcurementExpress.com](https://www.softwareadvice.ie/software/6155/rubberstamp) — 4.7/5 (423 reviews)
3. [Tradogram](https://www.softwareadvice.ie/software/5220/tradogram) — 4.5/5 (109 reviews)
4. [Procurify](https://www.softwareadvice.ie/software/3245/procurify) — 4.6/5 (203 reviews)
5. [Pivot](https://www.softwareadvice.ie/software/430789/pivot) — 5.0/5 (20 reviews)

## Reviews

### "Penny" — 5.0/5

> **Roshan** | *19 April 2023* | Automotive | Recommendation rating: 9.0/10
> 
> **Pros**: User friendly, Good layout, Easy to navigate, Easy price comparison.
> 
> **Cons**: Remarks space is too small, Right click and open in new Tab feature should be enabled of RFQ,Immediate deactivation of link should be enabled, once any filter is applied and moved further on pressing back key filter is gone,
> 
> Overall penny is a great tool to make your work easy in regards to price comparison from different supplier. All  data is in one place with great workflow starting from requestor to approval so everyone has the clear transparency about the job being carried.

## Links

- [View on SoftwareAdvice](https://www.softwareadvice.ie/software/217636/penny)

## This page is available in the following languages

| Locale | URL |
| de | <https://www.softwareadvice.de/software/217636/penny> |
| en | <https://www.softwareadvice.com/product/217636-penny/> |
| en-AU | <https://www.softwareadvice.com.au/software/217636/penny> |
| en-GB | <https://www.softwareadvice.co.uk/software/217636/penny> |
| en-IE | <https://www.softwareadvice.ie/software/217636/penny> |
| en-NZ | <https://www.softwareadvice.co.nz/software/217636/penny> |
| fr | <https://www.softwareadvice.fr/software/217636/penny> |

-----

## Structured Data

<script type="application/ld+json">
  {"@context":"https://schema.org","@graph":[{"name":"SoftwareAdvice Ireland","address":{"@type":"PostalAddress","addressLocality":"Dublin","addressRegion":"D","postalCode":"D02 NP94","streetAddress":"2 Park Place, 3rd Floor, Hatch St Dublin, D02 NP94 Ireland"},"description":"We've helped more than 500000 buyers to find the right software.","email":"info@softwareadvice.ie","url":"https://www.softwareadvice.ie/","logo":"https://dm-localsites-assets-prod.imgix.net/images/software_advice/logo-white-d2cfd05bdd863947d19a4d1b9567dde8.svg","@id":"https://www.softwareadvice.ie/#organization","@type":"Organization","parentOrganization":"G2.com, Inc.","sameAs":[]},{"name":"penny","description":"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.\n\nWith 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.\n\nKey Features\n\nAutomated RFQ/RFP creation and distribution\nAI-driven supplier comparison and scoring\nAutomated internal approval routing\nPurchase order (PO) issuance and tracking\nGoods receipt notification (GRN) and 3-way invoice matching\nReal-time budget tracking with predictive alerts\nConsolidated spend reporting and savings analytics\nFull purchase history and audit trail","image":"https://gdm-catalog-fmapi-prod.imgix.net/ProductScreenshot/b3d89f30-5986-4290-904e-a6d8f2f05d48.png","url":"https://www.softwareadvice.ie/software/217636/penny","@id":"https://www.softwareadvice.ie/software/217636/penny#software","@type":"SoftwareApplication","publisher":{"@id":"https://www.softwareadvice.ie/#organization"},"applicationCategory":"BusinessApplication","aggregateRating":{"@type":"AggregateRating","ratingValue":5.0,"bestRating":5,"ratingCount":1},"operatingSystem":"Cloud"},{"@id":"https://www.softwareadvice.ie/software/217636/penny#breadcrumblist","@type":"BreadcrumbList","itemListElement":[{"name":"Home","position":1,"item":"/","@type":"ListItem"},{"name":"RFP Software","position":2,"item":"/directory/4510/rfp/software","@type":"ListItem"},{"name":"penny","position":3,"item":"/software/217636/penny","@type":"ListItem"}]}]}
</script>