Inventory Management Solution
Keep it Neat & Clear
We at Penny know that the toughest challenge for businesses is struggling with on-time order fulfillment due to inventory level errors. Clients can use our inventory management solution to pinpoint every item’s specific place and inventory levels in real-time.
Our team has created a cutting-edge inventory management solution assisting you in streamlining your processes and increase the efficiency of your business operations. We provide a robust and user-friendly inventory control solution made especially for small to medium-sized businesses.
Our inventory management solution is inexpensive and solves numerous key challenges that previously required pricey enterprise-level solutions. We have the cutting-edge solution to help you with inventory control and item tracking.
Penny helps businesses like yours track items, goods, buyers, purchase orders, and sales orders more effectively.
Monitor Inventory Levels
Make Calculated Moves
Every company department that generates profits relies on having sufficient inventory on hand. Penny’s built-in reports enable making calculated moves based on real-time info from the system. By providing a close view of historical sales results, our Inventory management solution will give you the tools to better predict future sales.
Keep Things Sorted
You can keep a record that authorizes selling or buying specific items for a particular client or supplier. Via Penny’s inventory management solution, you can place purchase & sale orders and process them to affect stock levels.
ID Items On The Spot
Easily pinpoint and identify items by distinguishing their categories. Penny aids in finding products by SKU, barcode, or name.
Never Run Out Of Stock
Utilize our on-spot alerts to find out when items fall below your selected threshold, preventing you from running out of stock. Users can also access our real-time low stock report, which breaks down all items by location.
We help you know how much you have and how much you need at every step. Never run the risk of running low or having too much money tied up in inventory.
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.