Penny Supplier Management

Spec sheet

Product

Penny is a cloud-based Source-to-Pay platform for managing procurement from requests and approvals through sourcing, purchase orders, invoices, and payments.Read 4 Oct 2026 · penny.co

Integrations

The pricing page lists integrations with major cloud ERPs including SAP, Oracle, Microsoft, and Odoo, plus e-signature and other cloud platforms.Read 4 Oct 2026 · penny.co

Security

Penny says it uses encryption, access controls, regular security audits, staff confidentiality obligations, and incident management procedures aligned with SDAIA cybersecurity and data protection standards.Read 4 Oct 2026 · penny.co

Support

The listed plans include an Implementation Manager, Account Manager, and post-implementation support.Read 4 Oct 2026 · penny.co

Headquarters

Riyadh, Saudi ArabiaRead 28 Sep 2026 · penny.co

Founded

2020Read 28 Sep 2026 · penny.co

Maker

The operator is Penny Software Arabia for Information Technology Company, a limited liability company incorporated in Saudi Arabia with a registered address in Riyadh.Read 4 Oct 2026 · penny.co

AI

Penny describes conversational AI for creating and querying purchase requests and AI-powered negotiation over supplier price, shipping terms, and payment conditions.Read 4 Oct 2026 · penny.co

Data retention

Penny says personal data is retained as needed for contractual, legal, or operational obligations and then securely deleted or anonymized.Read 4 Oct 2026 · penny.co

Finance workflows

The platform includes goods receipt, billing management, payments, budget management, and expense accounts.Read 4 Oct 2026 · penny.co

Intended customers

Penny describes its platform as designed for enterprise teams and organizations operating across multiple locations and regions.Read 4 Oct 2026 · penny.co

Marketplace availability

Penny’s terms say its marketplace feature, which connects buyers with supplier products in its procurement solution, is currently available only in Saudi Arabia.Read 4 Oct 2026 · penny.co

Sourcing

The platform supports RFQs, RFPs, and RFIs, side-by-side bid comparisons, vendor communications, automated scoring, and purchase orders linked to budgets and supplier records.Read 4 Oct 2026 · penny.co

Supplier onboarding

The supplier portal supports supplier registration, qualification, document collection, onboarding, and negotiations in one hub.Read 4 Oct 2026 · penny.co

Supplier performance

Real-time dashboards track delivery accuracy, responsiveness, quality consistency, and other supplier performance metrics.Read 4 Oct 2026 · penny.co

Supplier profiles

Supplier profiles can include contact information, financial data, certifications, and legal documents.Read 4 Oct 2026 · penny.co

Users

The pricing page lists unlimited basic users and says the number of core users is to be defined.Read 4 Oct 2026 · penny.co

Plans and prices

Every Penny Supplier Management plan and price →

Where Specifiction places it

• Supplier Management Software#12 of 237.2