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Penny Supplier Management
What Penny Supplier Management is
Penny Supplier Management is a web-based, cloud Source-to-Pay platform for enterprise procurement teams working across locations or regions. It follows purchasing from requests and approvals through sourcing, purchase orders, invoices, and payments. A supplier portal brings registration, qualification, document collection, onboarding, and negotiations together. Supplier profiles can store contacts, financial information, certifications, and legal documents. Teams can run RFQs, RFPs, and RFIs, compare bids side by side, communicate with vendors, apply automated scoring, and link purchase orders to budgets and supplier records. Real-time dashboards cover delivery accuracy, responsiveness, quality consistency, and other supplier measures. Finance tools include goods receipt, billing, payments, budget management, and expense accounts. Penny describes conversational AI for creating or querying purchase requests and negotiating price, shipping, and payment conditions. Integrations include SAP, Oracle, Microsoft, Odoo, e-signature, and other cloud platforms. Plans start at $50,000, with a customizable $150,000 option and an unpriced special-project plan.
Who it suits
Penny suits enterprise procurement teams managing suppliers and purchasing across multiple locations or regions. Its workflows also fit organizations needing supplier qualification, performance scorecards, and connected finance processes.
What it does well
- Covers requests through payments
- Supplier portal includes qualification workflows
- Real-time supplier performance dashboards
- Supports RFQs, RFPs, and RFIs
- Integrates major cloud ERPs
What to know first
- Starts at $50,000
- No free plan
- Web platform only
- Marketplace limited to Saudi Arabia
Limits
The least expensive listed plan is priced on request and includes a standard configuration with selected features priced by selection. Penny has no free plan, and its marketplace feature is currently available only in Saudi Arabia.
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| Category 1 — Enterprise Ready | Standard configuration · Implementation Manager · Account Manager · Post-Implementation support · Select features priced by selection | $50,000 |
| Category 2 — Enterprise Ready. Customizable | Customizable · Engineering Manager · Standard configuration · Implementation Manager · Account Manager · Post-Implementation support · Select features priced by selection | On request |
| Category 3 — Special Projects | Flexible customization · Ongoing customization support · Full-time engineering resources · Standard configuration · Implementation Manager · Account Manager · Post-Implementation support · Select features priced by selection | On request |
As penny.co lists them, read 4 Oct 2026. The maker's own page has the final word.
Getting started
- Visit the Penny website
- Contact Penny about an enterprise plan
- Define the required configuration and core users
- Arrange implementation with the assigned Implementation Manager
- Connect listed ERP, e-signature, or other cloud platforms
- Onboard suppliers through the supplier portal
Verdict
Penny brings sourcing, supplier management, purchasing, and finance workflows into one web platform. Its enterprise pricing and Saudi Arabia marketplace limitation are important considerations.
Questions
How much does Penny Supplier Management cost?
The Category 1 Enterprise Ready plan is priced on request. Other listed enterprise plans use different configurations and pricing structures.
Is there a free plan?
No. Penny is offered as a paid enterprise platform.
Which platforms does Penny support?
Penny is delivered through the web as a cloud-based platform.
Which systems can Penny integrate with?
Listed integrations include SAP, Oracle, Microsoft, and Odoo cloud ERPs, plus e-signature and other cloud platforms.
Who operates Penny Supplier Management?
The operator is Penny Software Arabia for Information Technology Company, incorporated in Saudi Arabia with a registered address in Riyadh.
Does Penny provide supplier performance tracking?
Yes. It offers performance scorecards and real-time dashboards for delivery accuracy, responsiveness, quality consistency, and other measures.
Facts from Penny Supplier Management's own pages
- 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
- 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
- Finance workflows
- The platform includes goods receipt, billing management, payments, budget management, and expense accounts. · penny.co, 4 Oct 2026
- Founded
- 2020 · penny.co, 28 Sept 2026
- Headquarters
- Riyadh, Saudi Arabia · penny.co, 28 Sept 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
- Intended customers
- Penny describes its platform as designed for enterprise teams and organizations operating across multiple locations and regions. · 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
- 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
- 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
- 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
- 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
- Supplier onboarding
- The supplier portal supports supplier registration, qualification, document collection, onboarding, and negotiations in one hub. · 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
- Supplier profiles
- Supplier profiles can include contact information, financial data, certifications, and legal documents. · penny.co, 4 Oct 2026
- Support
- The listed plans include an Implementation Manager, Account Manager, and post-implementation support. · 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
Where Penny Supplier Management stands on Freedom251
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