Source-to-Pay
From Source-to-Pay, realize substantial cost reductions, improved governance, and maximum efficiency. Our platform enables your organization to minimize expenses, stay in control, and streamline operations effortlessly. Propel your business forward with certainty.
From Upstream (Pre-PO Decision) to Downstream (Post-PO Decision), Penny offers a modular platform that can be configured to your needs.
From Upstream (Pre-PO Decision) to Downstream (Post-PO Decision), Penny offers a modular platform that can be configured to your needs.
Sourcing
Empower your sourcing with AI: Smarter decisions,
better outcomes.
- Advanced supplier selection and cost optimization
- Resource maximization and enhanced organizational efficiency
- Comprehensive oversight and data driven decisions
Supplier management
Empower your procurement with AI-driven supplier management for superior efficiency and strategic insight.
- Efficient onboarding and risk assessments
- Strategic decision support
- 360-degree supplier visibility
Contract management
Optimize your contract lifecycle for enhanced efficiency and
risk reduction.
- Accelerated and streamlined contract drafting
- Enhanced compliance and risk management
- Value and efficiency in contract operations
Savings management
Empower CPOs with robust financial insights through savings management.
- Strategic value creation and holistic management
- Enhanced credibility and stakeholder alignment
- Operational efficiency and proactive management
Tail spend management
Streamline your tail spend to drive cost reduction and
operational excellence.
- Visibility and control over low-volume spend
- Cost reduction and efficient procurement processes
- Strategic sourcing and supplier relationship enhancement
Purchase requisitions
Shorten cycle times between requesters and approvers by routing requests to the right teams for approvals.
- Effortlessly upload and manage bulk items with drag and drop functionality.
- Prioritize and track purchase requests easily to align with
business needs. - Generate comprehensive reports to analyze and refine purchasing activities.
Purchase order
Shorten cycle times between requesters and approvers by routing requests to the right teams for approvals.
- Issue purchase orders in vendor currencies to streamline global transactions.
- Customize each order with your terms and conditions for better control.
- Easily convert approved offers into contracts to ensure compliance and efficiency.
GRN (Goods Received Note)
Shorten cycle times between requesters and approvers by routing requests to the right teams for approvals.
- Create multiple GRNs to accurately track deliveries and manage inventory.
- Adjust receiving quantities as needed to match actual deliveries for accurate record-keeping.
- Close grns at any time to streamline billing and improve financial workflows.
Catalog management
Shorten cycle times between requesters and approvers by routing requests to the right teams for approvals.
- Customize catalogs to specific business requirements for better relevance.
- Efficiently manage large numbers of items with bulk import and export features.
- Set up detailed categories and associate users for organized and controlled access.
Approval workflow
Shorten cycle times between requesters and approvers by routing requests to the right teams for approvals.
- Customize workflows to meet different departmental needs, enhancing process adaptability.
- Add remarks for approvals or rejections to clarify decisions and maintain process transparency.
- Configure multiple approval levels to suit various project scopes and complexities.
Invoicing
Drive business growth with efficient,
automated invoice management systems.
- Enhanced efficiency and cost reduction
- Comprehensive supplier engagement and compliance
- Financial insights and capital optimization
Analytics
Transform procurement with data-driven strategies for
enhanced performance.
- Seamless data integration and actionable insights
- Strategic decision support through advanced analytics
- Operational efficiency and enhanced risk management
Supplier network
Expand your procurement horizons with our
dynamic supplier network.
- Efficient supplier discovery and engagement
- Centralized procurement management and strategic sourcing
- Cost reduction and supply chain resilience
Resources
Modernize procurement with Penny Software.
your customizable AI-driven solution
Learn how our platform uses AI to understand and meet your specific procurement demands, driving operational excellence.
