No. 21 of 25 ·Supplier Management Software

Penny Supplier Management

Name: Penny Supplier Management
Price: 50000 USD

Web

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Freedom report

One barScore 5.0

Free tierNo free tier on record
Open codeNo open-source code on record
Runs widely1 of 6 device platforms
DocumentedPlans, terms and facts published

Penny Supplier Management is ranked #21 of 25 in supplier management software on Freedom251. It runs on Web. There is no free plan.

Penny Supplier Management plans and pricing

All plans

Category 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

Free plan: No
Supplier onboarding: Yes
Qualification workflows: Yes
Performance scorecards: Yes
Supplier portal: Yes

Best Penny Supplier Management alternatives

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The record

Product: Penny is a cloud-based Source-to-Pay platform for managing procurement from requests and approvals through sourcing, purchase orders, invoices, and payments.
Supplier profiles: Supplier profiles can include contact information, financial data, certifications, and legal documents.
Supplier performance: Real-time dashboards track delivery accuracy, responsiveness, quality consistency, and other supplier performance metrics.
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.
AI: Penny describes conversational AI for creating and querying purchase requests and AI-powered negotiation over supplier price, shipping terms, and payment conditions.
Finance workflows: The platform includes goods receipt, billing management, payments, budget management, and expense accounts.
Integrations: The pricing page lists integrations with major cloud ERPs including SAP, Oracle, Microsoft, and Odoo, plus e-signature and other cloud platforms.
Users: The pricing page lists unlimited basic users and says the number of core users is to be defined.
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.
Data retention: Penny says personal data is retained as needed for contractual, legal, or operational obligations and then securely deleted or anonymized.
Support: The listed plans include an Implementation Manager, Account Manager, and post-implementation support.
Intended customers: Penny describes its platform as designed for enterprise teams and organizations operating across multiple locations and regions.
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.
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.

Where it ranks on Freedom251

Best Supplier Management Software in 2026#21 of 25

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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