Digitize and Streamline Your RFQs & RFPs with Penny E-Sourcing Software

From approved requests to supplier awarding, all simplified and automated. Create and manage RFQs and RFPs, collect and compare quotations, handle revisions, and negotiate with suppliers. Gain full insights and cut cycle times, eliminate manual errors, and make smarter purchase decisions.

Trusted by leading brands globally

Fast, transparent,  scalable sourcing

Manual sourcing delays decisions, increases financial and legal risk, and keeps your team stuck in a patchwork of emails and spreadsheets. Penny replaces that chaos with a single, audit-ready workspace where every RFx, document, and data-driven evaluation lives in one intuitive system. Source faster, negotiate smarter, and scale vendor management with confidence.

E-sourcing:  create, compare, commit.

Create RFQs and RFPs with structure and clarity

Create standardized sourcing events with customizable sections for technical and commercial inputs, ensuring clarity and consistency in every request.

Easily invite and communicate with suppliers

Easily invite suppliers and collect their responses through a guided digital form, improving participation and reducing miscommunication.

Compare supplier offers in one place

Gather all supplier offers automatically in one place with an actionable comparison table, enabling faster and more informed decisions.

Negotiate with multiple suppliers at once

Negotiate prices or terms with multiple suppliers at once in a single view, saving time and unlocking better commercial outcomes.

Score and evaluate proposals fairly

Assign scoring responsibilities and apply weighted evaluation rules to support transparent, fair, and policy-aligned supplier selection.

Request and track offer revisions easily

Send revision requests and track updated offers within the platform, maintaining control and visibility throughout the sourcing cycle.

Use approval workflows to stay in control

Route sourcing events for internal review and sign-off, based on rules like value or category: ensuring governance without slowing down progress.

Keep a full record of all sourcing activities

Capture a complete record of every action, change, and decision to support accountability, compliance, and continuous improvement.

Penny software: Revolutionizing procurement globally

Average savings on sourcing

0 %

Sourcing cycle time reduction

0 %

Average time from RFQ to Order

under 0 h

Start mastering e-sourcing today

Streamlined Sourcing from start to finish

Penny centralizes every step of the sourcing process, from creating RFQs and RFPs to comparing offers and awarding suppliers, all in one intuitive platform.

Strong supplier relationships

With easy-to-use digital forms, built-in communication, and real-time feedback loops, Penny helps suppliers to engage and respond faster.

Faster decisions with confidence

Smart comparison tables, scoring tools, and evaluation workflows empower teams to choose the right supplier based on data insights and clear processes.

Negotiation made simple

Leaders can drive better outcomes by negotiating with multiple suppliers directly from the comparison view: saving significant time and improving outcomes.

Governance without the bottlenecks

Custom approval workflows and automated tracking ensure sourcing events follow internal policies and speed up sourcing processes

Modernize procurement with Penny Software.
your customized solution

Learn how penny software can unlock procurement efficiency and real-time budget visibility for your business.

Frequently Asked Questions

What is the E-Sourcing system in Penny?

Penny’s E-Sourcing system enables organizations to manage all RFQ and RFP activities in one platform, from request creation to supplier awarding, in a structured and fully automated way.

What is RFQ?

RFQ stands for Request for Quotation. It is a formal document used to request price quotations for clearly defined products or services.

What is RFP?

RFP stands for Request for Proposal. It is a formal document used to request a comprehensive solution that includes both technical and financial proposals.

How does Penny manage RFQs and RFPs?

Penny allows teams to create structured RFQs and RFPs, collect and compare quotations, negotiate with suppliers, and finalize awards within one transparent system.

How are supplier offers compared in Penny?

The system automatically gathers all supplier offers into an actionable comparison table, enabling faster and more informed decision-making.

Can you negotiate with multiple suppliers at once?

Yes, Penny allows negotiation with multiple suppliers simultaneously in a single view, saving time and improving commercial outcomes.

Does Penny support approval workflows?

Yes, custom approval workflows can be configured based on value or category to ensure governance without slowing down progress.

How does Penny improve supplier relationships?

Through guided digital forms, built-in communication, and real-time feedback that improve supplier engagement and responsiveness.

Why is Penny better than emails and spreadsheets for sourcing?

Because it centralizes all sourcing activities, documents, and evaluations in one audit-ready workspace instead of scattered emails and spreadsheets.

Digitize and Streamline Your RFQs & RFPs with Penny E-Sourcing Software

Trusted by leading brands globally

Fast, transparent,  scalable sourcing

E-sourcing:  create, compare, commit.

Create RFQs and RFPs with structure and clarity