Tech riderRev. 4 Oct 2026
Penny Supplier Management
- 1Runs onWeb
- 2CostsNot stated by the maker
- 3Supplier onboardingYes
- 4Qualification workflowsYes
- 5Performance scorecardsYes
- 6Supplier portalYes
5 lines stated Written from the maker's own pages: penny.co
Overview
Penny Supplier Management is ranked #18 of 25 in supplier management software on Specifiction. It runs on Web. There is no free plan.
Penny Supplier Management plans and pricing
All plansCategory 1 — Enterprise Ready $50,000 Standard configuration · Implementation Manager · Account Manager · Post-Implementation support · Select features priced by selection penny.co · 4 Oct 2026
Category 2 — Enterprise Ready. Customizable $150,000 Customizable · Engineering Manager · Standard configuration · Implementation Manager · Account Manager · Post-Implementation support · Select features priced by selection penny.co · 4 Oct 2026
Category 3 — Special Projects Not published Flexible customization · Ongoing customization support · Full-time engineering resources · Standard configuration · Implementation Manager · Account Manager · Post-Implementation support · Select features priced by selection penny.co · 4 Oct 2026
Compared on supplier management software
Facts
- Product
- Penny is a cloud-based Source-to-Pay platform for managing procurement from requests and approvals through sourcing, purchase orders, invoices, and payments.penny.co · 4 Oct 2026
- Supplier profiles
- Supplier profiles can include contact information, financial data, certifications, and legal documents.penny.co · 4 Oct 2026
- Supplier performance
- Real-time dashboards track delivery accuracy, responsiveness, quality consistency, and other supplier performance metrics.penny.co · 4 Oct 2026
- 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.penny.co · 4 Oct 2026
- AI
- Penny describes conversational AI for creating and querying purchase requests and AI-powered negotiation over supplier price, shipping terms, and payment conditions.penny.co · 4 Oct 2026
- Finance workflows
- The platform includes goods receipt, billing management, payments, budget management, and expense accounts.penny.co · 4 Oct 2026
- Integrations
- The pricing page lists integrations with major cloud ERPs including SAP, Oracle, Microsoft, and Odoo, plus e-signature and other cloud platforms.penny.co · 4 Oct 2026
- Users
- The pricing page lists unlimited basic users and says the number of core users is to be defined.penny.co · 4 Oct 2026
- 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.penny.co · 4 Oct 2026
- Data retention
- Penny says personal data is retained as needed for contractual, legal, or operational obligations and then securely deleted or anonymized.penny.co · 4 Oct 2026
- Support
- The listed plans include an Implementation Manager, Account Manager, and post-implementation support.penny.co · 4 Oct 2026
- Intended customers
- Penny describes its platform as designed for enterprise teams and organizations operating across multiple locations and regions.penny.co · 4 Oct 2026
- 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.penny.co · 4 Oct 2026
- 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.penny.co · 4 Oct 2026
Company
- Founded
- 2020penny.co · 28 Sept 2026
- Headquarters
- Riyadh, Saudi Arabiapenny.co · 28 Sept 2026
Best Penny Supplier Management alternatives
See all 20 All accessCh 01 oboloo Free planFree trialAPI from $10/mo7.3 All accessCh 02 Epicor Kinetic AndroidAPI 7.1 All accessCh 03 Ivalua Contract Management AndroidAPI 7.0 All accessCh 04 GEP SMART Contract Management AndroidiOS 6.9 All accessCh 05 Tradogram Free trialAndroidiOS from $79.20/mo6.9 All accessCh 06 Zoho Procurement Free trialAndroidAPI from $2.92/mo6.9
Where it ranks on Specifiction
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Sources
- penny.co/company-overview/· checked 4 Oct 2026
- penny.co/source-to-pay/core-sourcing/supplier-ma· checked 4 Oct 2026
- penny.co/source-to-pay/· checked 4 Oct 2026
- penny.co· checked 4 Oct 2026
- penny.co/pricing/· checked 4 Oct 2026
- penny.co/legal-section/· checked 4 Oct 2026