# penny Software Pricing, Alternatives & More 2026 | Capterra > With the help of Capterra, learn about penny Software - reviews, pricing plans, popular comparisons to other Procurement products and more. Source: https://www.capterra.com/p/218019/penny --- # penny Software Review 2026: Features, Reviews, Integrations, Pros & Cons Last updated on June 3, 2026 Provider data verified by our Software Research team, and reviews moderated by our Reviews Verification team. [Description](#description)[Use cases](#use-cases)[Alternatives](#alternatives)[FAQs](#faqs)[Features](#features)[Pricing](#pricing)[Support](#support)[Reviews](#reviews) penny ## What is penny? Cloud-based E-Source / Procure-To-Pay system that automates RFQs/RFPs, provide clear comparison and analysis. and push to maximizing savings. Penny. can be used to cover the procurement cycle partially or completely. From request > processing internal approvals > dispatching RFQs/RFPs > gathering quotations/proposals > sending POs > receiving materials (GRN) > billing > payment. All steps are automated in a clear storyline without a need to disconnect at any stage. ## What is penny used for? [Sourcing](https://www.capterra.com/sourcing-software/)[Procurement](https://www.capterra.com/procurement-software/)[Purchasing](https://www.capterra.com/purchasing-software/) Top alternative Featured Overall rating Based on 1 user reviews Reviews sentiment Positive \- Neutral \- Negative \- Starting price $990 Per Feature, Per Year Free trial available Capterra Shortlist charts the highest-rated and most popular products... Our "Best of" badge program showcases products with the highest ratings... Our "Best of" badge program showcases products with the highest ratings... Do you work for penny?[Manage this product listing](https://digitalmarkets.gartner.com/get-listed/claim-bx?url=http://www.penny.co&name=penny) ## Compare with a popular alternative Capterra selects software alternatives based on relevant features, verified user reviews and user interactions. Placement may be influenced by client status. ### penny 5.0 (1) VS. [4.6 (203)](https://www.capterra.com/p/129758/Procurify/reviews/) Starting Price $990 Per Feature, Per Year Starting Price Contact vendor Free Trial Free Version Pricing Options Free Trial Free Version Ease Of Use 5.0 (1) Ease Of Use 4.6 (202) Value For Money 4.0 (1) Value For Money 4.5 (158) Customer Service 5.0 (1) Customer Service 4.6 (174) ## penny alternatives Highest Rated [5.0 (25)](https://www.capterra.com/p/142063/Promena-e-Sourcing/reviews/) Starting price $5000.00 Per User, Per Month Pricing Options Free Trial Free Version User Rating 100% of reviewers rated it above 4 stars [4.5 (172)](https://www.capterra.com/p/161813/Order-Software/reviews/) Starting price Contact vendor for pricing Pricing Options Free Trial Free Version User Rating 94% of reviewers rated it above 4 stars [4.7 (423)](https://www.capterra.com/p/136321/ProcurementExpress-com/reviews/) Starting price $415.00 Per User, Per Month Pricing Options Free Trial Free Version User Rating 98% of reviewers rated it above 4 stars [4.8 (255)](https://www.capterra.com/p/148522/Precoro/reviews/) Starting price $499.00 Per User, Per Month Pricing Options Free Trial Free Version User Rating 100% of reviewers rated it above 4 stars ## FAQs about penny Overview ### What company size and specific industries is penny built for? penny is designed for medium to large enterprises that need to replace fragmented, manual procurement processes with a single, automated procurement cloud. It is aimed at organizations managing procurement at scale, rather than small businesses, and suits enterprise teams seeking consolidation across purchasing workflows. Features and Usability ### What are the key features of penny? penny includes procurement management features such as requisition management, purchase order management, approval workflow, and invoice processing. It also offers supplier management, vendor management, and supplier risk management, plus spend analysis, spend control, budgeting/forecasting, bid management, and RFP creation and responding for sourcing and contract workflows. Talk to an expert ### More questions? Ask our experts Getting Started and Support ### What training and onboarding options does penny offer? penny provides in person training, live online sessions, webinars, documentation, and videos to help teams get started. In person and live formats support guided instruction, webinars cover group learning sessions, documentation serves as written reference material, and videos offer visual walkthroughs for review at any time. Getting Started and Support ### What customer support options does penny offer? penny provides Email/Help Desk, FAQ/Forum, Phone Support, and Chat. No reviewer feedback is available about support experience, so the support channels can only be stated directly from the catalog data without added claims about response times, helpfulness, or common frustrations. ## Features Features with the highest number of reviews are displayed first. Those that have no reviews appear next, sorted alphabetically. Access Controls/Permissions 4.0 (1) 0.00% of 1 reviewers that rated this feature as important or highly important Define levels of authorization for access to specific files or systems Inventory Management 4.0 (1) 0.00% of 1 reviewers that rated this feature as important or highly important Track and manage inventory levels to maintain proper supply Procurement Management 4.0 (1) 0.00% of 1 reviewers that rated this feature as important or highly important Organize and manage all processes/procedures involved in purchasing goods and/or services Purchase Order Management 5.0 (1) 0.00% of 1 reviewers that rated this feature as important or highly important Create, send, and track purchase orders and their statuses Supplier Management 4.0 (1) 0.00% of 1 reviewers that rated this feature as important or highly important Manage all supplier data and operations Transaction History 4.0 (1) 0.00% of 1 reviewers that rated this feature as important or highly important Record of all transactions such as purchases, deposits, withdrawals and transfers within a specific period penny 38 features Define levels of authorization for access to specific files or systems Route documents and other data through one or more stakeholders for review and approval Share bid details, archive bids, and create bid requests to assist in bid solicitation and quote comparison Forecast, allocate funds, organize financial resources and report & analyze project's income and expenditure Create budgets based on historical data and future projections Create and manage digital catalog of products/services with their details, specifications, and price Handles digital content throughout its lifecycle, from creation and storage to distribution and archiving Track, store, and access client contracts or licenses Pre-designed layouts that can be customized to match preferences and requirements Import and export data to and from software applications Ability to identify, sort on and alert participating parties about the approaching date by which action has to be taken Monitor and record expenses such as purchases or charges incurred Track and manage inventory levels to maintain proper supply Creation, processing, verification, and execution of invoices till the payment is made Manage and handle various international currencies Organize and manage all processes/procedures involved in purchasing goods and/or services Reporting on how each user, task or process has advanced since its initiation Create, send, and track purchase orders and their statuses Reports that analyze a company's purchasing activities, including purchases made, suppliers used, and expenses incurred Upload, track, and submit receipts in a central database Manage all receiving processes within a warehouse Enables creation, management, and tracking of product requirements & features during product production/development Review, approve and cancel requests for goods/services to be purchased The process of creating a questionnaire and submitting it to prospective vendors. The process of creating proposals in response to requests received from potential clients The process of submitting requests for quotes, proposals, information, etc. Online portal through which end users can access the system, manage tasks, or obtain information Negotiate best prices and choose the right vendor for various purchases Review and uncover trends in spending activity Set allowances and ensure employees don't spend more than the allotted amounts Track the amount of money spent on a certain product or with a certain supplier Manage all supplier data and operations Identify, assess & manage risks that could arise from working with third-party suppliers to protect against disruptions in supply chain Create, save, and re-purpose templates for emails, forms, etc. Sample files or documents that could be customized as needed or used as is Record of all transactions such as purchases, deposits, withdrawals and transfers within a specific period Ability to track and store all vendor-related information, such as contacts, services offered, terms, etc. Create, design and manage workflows for repetitive tasks Get Advice We can help you find the software with the features you need. Features 4.0 (1) 4.0 Based on 1 reviews ## Pricing Value for money 4.0 (1) Free Trial Basic $990.00 Per Feature,Per Year Value for money 4.0 (1) 4.0 Based on 1 reviews Connect with a Capterra advisor for a free 15-minute consultation Get a personalized software list aligned to your business needs with guidance from our expert advisors. Our team has helped 1 million+ businesses like yours find options that fit their needs. ## Support, customer service and training options Customer Service 5.0 (1) Support - Email/Help Desk - FAQs/Forum - Knowledge Base - Phone Support - 24/7 (Live rep) - Chat Training - In Person - Live Online - Webinars - Documentation - Videos Deployment - Web - Android - iPhone/iPad Typical users - Freelancers - Small businesses - Mid size businesses - Enterprises Customer Service 5.0 (1) 5.0 Based on 1 reviews ## User reviews Overall rating 5.0 Based on 1 reviews Filter by rating 5(1) 4(0) 3(0) 2(0) 1(0) Mentioned topic Sorted by most recent RT Roshan T. Logistics Executive Automotive ### "Penny " 5.0 Overall Rating 5.0 5.0 Ease of Use 5.0 5.0 Features 4.0 4.0 Customer Service 5.0 5.0 Likelihood to Recommend 9/10 April 19, 2023 Overall penny is a great tool to make your work easy in regards to price comparison from different supplier. All data is in one place with great workflow starting from requestor to approval so everyone has the clear transparency about the job being carried. Pros User friendly, Good layout, Easy to navigate, Easy price comparison. Cons Remarks space is too small, Right click and open in new Tab feature should be enabled of RFQ,Immediate deactivation of link should be enabled, once any filter is applied and moved further on pressing back key filter is gone, Review source Non-incentivized review: any software user can leave a review for any product listed on our site. All submitted reviews are subject to our verification process prior to publication. ## Top-rated software of 2026 ### Fill out the form and we'll send a list of the top-rated software based on real user reviews directly to your inbox.