- Mohamad
- Date: June 13, 2022
Penny is a cloud-based Procure-To-Pay system. penny helps you digitize and manage your full procurement cycle from request to approval. Manage RFQs to vendors, compare quotations, send POs and even payment. penny was designed to make things easy and consolidate all of your organization’s spending needs into one intelligent system.
Yes, penny is designed to handle complex procurement operations. We make EVERYTHING simple. Via the contract management feature, you can set the terms and conditions of your contract, and the system will recognize the products and the vendors of your request and match it with specified terms of your contract. Easy.
Putting you in control of your spending is integral to our mission. penny allows you to create Expense Accounts that match your P&L, and assign budgets to them. For example, you can assign $X for your “Travel Budget” and reflect on the budget before approving a travel request. In addition, penny allows you to set budgets for cost centers like projects, departments, locations, and so much more. With penny, you can extract reports and view your spend per Expense Accounts or cost center.
Software products are essential in today’s world, shaping businesses, corporates, and our daily lives. At penny, we leverage software to simplify complex challenges and drive savings. With our penny Procurement and Sourcing Software, organizations can optimize their processes, reduce costs, and achieve greater savings. Join us as we revolutionize procurement and sourcing, enabling you to work smarter and maximize your savings potential.
penny source to pay software covers Request-to-Pay procurement system with spend management. A tool to manage all your procurement in one place
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