Penny Supplier Management vs Zoho Procurement
Penny Supplier Management
penny.coZoho Procurement
zoho.comSide by side
| Figure | Penny Supplier Management | Zoho Procurement |
|---|---|---|
| Price from | — | $2.92/mo |
| Free plan | — | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | — | Yes |
| Plans published | 3 | 2 |
| Spec score · Supplier Management Software | 7.2 (#12) | 7.8 (#8) |
| Founded | 2020 | 1996 |
| Headquarters | Riyadh, Saudi Arabia | Chennai, India |
| Product | Penny is a cloud-based Source-to-Pay platform for managing procurement from requests and approvals through sourcing, purchase orders, invoices, and payments. | Zoho describes Procurement as an AI-powered source-to-pay platform for managing procurement from purchase requests through payments. |
| 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. | The sourcing module supports RFx events, vendor bid comparisons, evaluations, and supplier shortlisting. |
| Support | The listed plans include an Implementation Manager, Account Manager, and post-implementation support. | Zoho lists weekday support by phone and email and states in its pricing FAQ that it is available 24 hours a day Monday through Friday. |
Plans
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
Penny Supplier Management
Penny Supplier Management has no write-up on Specifiction yet; its figures are above.
Zoho Procurement
Zoho Procurement manages purchasing from employee requests through supplier payments as a source-to-pay platform. Employees can submit catalog or ad hoc requests that proceed through hierarchical approvals, custom workflows, and automation rules. Sourcing tools handle RFx events, bid comparisons, evaluations, and supplier shortlisting. Suppliers can use a self-service portal to bid, manage purchase orders, submit invoices, and track payments. The system can create purchase orders from approved requests and RFQs, record partial or complete deliveries, and use OCR and AI to capture invoice data and validate it against orders and receipts. Payment options include ACH, batch payments, and connected banking for India, with availability varying by plan. Premium costs $35 per user per month billed annually; Enterprise costs $75 per user per month billed annually. Each purchased user license includes 50 requester licenses. A 14-day trial includes all features and does not require credit card information to start. The service runs on Android, iOS, web, and API. Zoho lists weekday phone and email support, available 24 hours a day Monday through Friday.