Faster buying and smarter spend in one intuitive Source-to-Pay platform
Transform your entire procurement cycle – from purchase requests to payments into one seamless, intelligent workflow. Automated sourcing, smarter purchase decisions and full, real-time insights help you drive faster purchase decisions and save on your procurement costs.
Trusted by leading brands globally
Why leading companies choose Penny
Hard savings, zero trade offs
Save 5% or more on every sourced penny. Advanced e-sourcing events, market benchmarks, and automated spend controls secure best-price agreements and stamp out maverick buying.
Cut cycle times by 4x
Save 5% or more on every sourced penny. Advanced e-sourcing events, market benchmarks, and automated spend controls secure best-price agreements and stamp out maverick buying.
Real-time spend visibility
Save 5% or more on every sourced penny. Advanced e-sourcing events, market benchmarks, and automated spend controls secure best-price agreements and stamp out maverick buying.
Adopt with ease
Save 5% or more on every sourced penny. Advanced e-sourcing events, market benchmarks, and automated spend controls secure best-price agreements and stamp out maverick buying.
One intelligent platform for core sourcing, purchase and finance control
Procurement teams today face fragmented workflows, manual processes, outdated systems, and unclear spend tracking resulting in delays, budget overruns, and missed opportunities. When each step is managed in a different platform or spreadsheet, visibility is lost and efficiency suffers. Penny replaces fragmented systems with one centralized procurement hub. Your outcomes? Teams speed up, increased throughput, decisions based on real-time data and full control on your budgets.
Core Sourcing
Purchase requests
Structured forms guide requesters to the right category, budget, and supplier, cutting errors while automated checks speed up your approvals.
E-sourcing / RFQ
Run RFQs, RFPs, and RFIs in one place: compare bids side-by-side, communicate with vendors and let automated scoring uncover the best total cost without any hassle.
POs & Awards
Create purchase orders automatically from approved requests. Each order stays linked to budgets and supplier records for full audit traceability.
Supplier Management
Centralize supplier data, performance insights, and onboarding for smarter sourcing and long-term, reliable partnerships.
Purchase
GRN / receiving
Simple goods-receipt screens confirm quantity and quality, instantly updating downstream matching and inventory steps to prevent over-billing.
Billing management
Automate three-way matching between invoices, POs, and receipts to eliminate errors, ensure compliance, and sync approved bills directly to your ERP or accounting system.
Payments
Take full control of the invoicing cycle with end-to-end visibility, built-in compliance checks, and seamless alignment with your ERP and accounting systems for faster, error-free processing.
Finance
Budget management
Live dashboards compare committed, invoiced, and remaining funds in real time, letting budget owners make informed decisions before overruns hit.
Expense accounts
Get actionable insights into spending patterns, supplier performance, and savings opportunities, backed by real-time data.
