Market Dojo vs Penny Supplier Management
Market Dojo
marketdojo.comPenny Supplier Management
penny.coSide by side
| Figure | Market Dojo | Penny Supplier Management |
|---|---|---|
| Price from | £41.67/mo | — |
| Free plan | Yes | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | — |
| Android | Yes | — |
| API | Yes | — |
| Plans published | 16 | 3 |
| Spec score · Supplier Management Software | 9.0 (#1) | 7.2 (#12) |
| Founded | 2010 | 2020 |
| Headquarters | Stonehouse, Gloucestershire, United Kingdom | Riyadh, Saudi Arabia |
| Integrations | Official integrations include multi-ERP connectivity, Focal Point, Esker and Veridion. | The pricing page lists integrations with major cloud ERPs including SAP, Oracle, Microsoft, and Odoo, plus e-signature and other cloud platforms. |
| Product | Market Dojo provides on-demand and enterprise SaaS for eSourcing and supplier engagement, including sourcing, supplier onboarding and contract management. | Penny is a cloud-based Source-to-Pay platform for managing procurement from requests and approvals through sourcing, purchase orders, invoices, and payments. |
| Security | The FAQ states that daily backups, SSL encryption, declarative authorization and a self-defending network are used. | 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. |
| Sourcing | The sourcing product supports RFIs, RFPs, RFQs, weighted events, document uploads and advanced pricing tables. | 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. |
| Supplier onboarding | Supplier Onboarding centralizes supplier information, supports approval workflows and maintains compliance records. | The supplier portal supports supplier registration, qualification, document collection, onboarding, and negotiations in one hub. |
| Support | Support is offered through live chat, phone and email, including help for suppliers participating in events. | The listed plans include an Implementation Manager, Account Manager, and post-implementation support. |
Plans
Market Dojo
- Opportunity Analysis Free PlanFree
- Contract Management£5, paid once
- Simple Sourcing — annual licence£500 a year
- Market Dojo – Sourcing£525 a month
- Pro Sourcing — annual licence£583 a year
- Advanced Sourcing — annual licence£667 a year
- Supplier Onboarding Simple£833.33 a year
- Simple Sourcing — monthly licence£1,000 a month
- Simple Sourcing — single event£1,000, paid once
- Pro Sourcing — monthly licence£1,500 a month
Penny Supplier Management
- Category 1 — Enterprise ReadyPriced on request
- Category 2 — Enterprise Ready. CustomizablePriced on request
- Category 3 — Special ProjectsPriced on request
In their own words
Market Dojo
Market Dojo provides eSourcing and supplier engagement software for sourcing, supplier onboarding, and contract management. Its sourcing tools support RFIs, RFPs, RFQs, weighted events, document uploads, and pricing tables. Auction formats include open, ranked, Japanese, forward, and reverse auctions. Supplier questionnaires support weighted questions, several question types, tables, and document uploads, with generative AI and automatic or manual scoring. A RESTful API is available to all users and includes live documentation. Listed integrations include multi-ERP, Focal Point, Esker, Veridion, Power BI, Microsoft Entra ID, Google SSO, Okta, Spend HQ–PMM, and SAML. Market Dojo says it is ISO 27001 certified and hosts its software on Google Cloud Platform. Access is available on the web and through an API, with support by live chat and email. Free Sourcing Starter access is for test events and trying the tool as buyer and supplier, but is limited to test suppliers. Paid sourcing has annual, monthly, and single-event options; Simple Sourcing annual licence is £500 a year.
Penny Supplier Management
Penny Supplier Management has no write-up on Specifiction yet; its figures are above.