Penny Supplier Management
- Android app
- Not listed
- Free plan
- No
- Runs on
- Web
Summary
Penny Supplier Management is a web-based Source-to-Pay platform for enterprise teams managing procurement across multiple locations and regions. It covers the process from requests and approvals through sourcing, purchase orders, invoices, and payments. Its supplier portal supports registration, qualification, document collection, onboarding, and negotiations, while supplier profiles can hold contact, financial, certification, and legal details. Teams can manage RFQs, RFPs, and RFIs, compare bids, communicate with vendors, and use automated scoring. Real-time dashboards track supplier delivery accuracy, responsiveness, and quality. Finance workflows include goods receipt, billing, payments, budgets, and expense accounts. Penny describes conversational AI for purchase requests and AI-supported negotiations over price, shipping, and payment terms. Integrations include SAP, Oracle, Microsoft, and Odoo cloud ERPs, as well as e-signature and other cloud platforms. Pricing starts at $50,000; customized enterprise plans are also listed, while one special-project plan has no stated price. The supplier marketplace is available only in Saudi Arabia.
Who it is for
It suits enterprise procurement teams managing suppliers across regions, particularly those needing sourcing, supplier qualification, and finance workflows in one platform. The marketplace feature is relevant only to buyers in Saudi Arabia.
What is good
- Supplier onboarding and qualification workflows
- RFQ, RFP, and RFI support
- Real-time supplier performance dashboards
- Integrations with major cloud ERPs
- Includes implementation and account managers
What to know first
- Pricing starts at $50,000
- No free plan
- Marketplace available only in Saudi Arabia
- Core-user count is to be defined
Verdict
Penny brings procurement, supplier management, and finance workflows together in a web platform. Its listed starting price and Saudi Arabia-only marketplace availability are important constraints to consider.
Penny Supplier Management plans and pricing
All plansCompared 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
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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