Effortless Data Capture With Penny
We offer market-leading technologies to capture invoices and all documents in various formats. With our solutions, you can:
Scan Documents Instantly & Capture Data Effortlessly
Data Capture in today’s digital age is about extracting data from simple or detailed documents. This is our expertise at Penny, and we’re pretty good at it.
Penny’s data capture solution extracts essential data from print and digital bills using technologies such as optical capture and artificial intelligence. It handles all of this automatically without the need for a human agent.
Go Paperless
Our Data Capture system will process all invoices and provide digital versions to all parties enabling you to start reaping the rewards of your efforts. You can save all documents in different formats such as PDF, XML, and many others.
Penny’s digital capture minimizes workload by eliminating paper and automating a good portion of communications while allowing easy and quick access to all invoices.
Capture Data Through AI
Penny’s cutting-edge AI technology takes conventional data capture methods to another level. AI doesn’t know fatigue, rarely gets it wrong, and becomes smarter by processing more invoices.
Get Automated
Penny’s Data Capture is a customizable cloud-based solution decreasing manual work levels needed to process both print and digital bills, providing your team more time to focus on generating the most revenue. With such speed, you can introduce early payment discounts and closely monitor all invoices in real-time.
Cut Down Costs
Seamlessly Change Formats
Suppliers won’t have to change formats. Instead, they’ll provide invoices as usual, and our data capture solution will automatically turn them into a digital document for you.
Achieve Top-Notch Quality
AI will take your work’s quality to another level by accurately capturing all data in an instant. You won’t have to check invoices manually anymore because data from vendor invoices will be appropriately extracted.
Start Right Away
With little to no setup fees and simple cloud-based solutions, we help you revamp your operation in just a few days without a large initial investment or setups which require substantial IT participation.
Get The Full Experience
With little to no setup fees and simple cloud-based solutions, we help you revamp your operation in just a few days without a large initial investment or setups which require substantial IT participation.
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Frequently Asked Questions
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.
- Allocate, manage and monitor budgets by expense accounts, projects, departments, location, teams..etc
- Streamlining procurement means requests, approvals, and POs won’t be lost in emails or offline.
- History and records of requests and purchases can be extracted and tracked easily via the platform.
- Product requests are more accurate through the catalog, and hence avoid purchasing mistakes.
- Reports and analysis can be extracted from the platform, giving you a consolidated data center for all your procurement activities.
- penny is cloud-based and an easy to use platform. The action-board gives your team a user-friendly and simple experience.
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.
