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Fourth Procurement and Inventory vs. Penny Software

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Fourth Procurement and Inventory

    Score8 out of 10
    N/AFourth Procurement and Inventory is software that ties together procurement, 3-way matching, inventory and recipe control. It’s fully integrated, mobile-friendly and can be accessed with a single login. Using predicted sales functionality and analytics, it lets the user forecast demand more accurately.N/A

    Penny Software

    Score7 out of 10
    N/ACloud-based E-Source / Procure-To-Pay system that automates RFQs/RFPs, provide comparison and analysis. and push to maximizing savings. Penny can be used to cover the procurement cycle partially or completely. From request > processing internal approvals > dispatching RFQs/RFPs > gathering quotations/proposals > sending POs > receiving materials (GRN) > billing > payment. All steps are automated in a storyline without a need to disconnect at any stage.

    $50,000

    per year

    Pricing
    Fourth Procurement and InventoryPenny Software
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Fourth Procurement and InventoryPenny Software
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeNo setup feeRequired
    Additional Details——
    More Pricing Information
    Best Alternatives
    Fourth Procurement and InventoryPenny Software
    Small Businesses
    No answers on this topic
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    Medium-sized Companies
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    Precoro
    Score9.5 out of 10
    Enterprises
    No answers on this topic
    GEP Quantum Intelligence
    Score9.1 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    Fourth Procurement and InventoryPenny Software
    Likelihood to Recommend
    7.4
    (4 ratings)
    7.0
    (1 ratings)
    Support Rating
    7.5
    (4 ratings)
    -
    (0 ratings)
    User Testimonials
    Fourth Procurement and InventoryPenny Software
    Likelihood to Recommend
    HotSchedules and Fourth
    The product is user-friendly in automating the tasks, managing the master data through central purchasing, and creating custom reports. It lacks certain basic functionalities like a record of wastages, sending automated emails confirming if the automatic tasks (scheduled tasks) have been completed or not, and the ability to automate the nutrition information, etc.
    Incentivized
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    Penny AI
    As previously stated, the use of Penny Software is great for the procurement of equipment required to do our jobs. We have seen a number of vendors come up with great pricing options for us to use. This way we have saved large amounts of money which we could invest in other areas of the business.
    Incentivized
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    Pros
    HotSchedules and Fourth
    • The 'stock management' tab on the home screen is of particular use when keeping tabs on incoming deliveries into the restaurant.
    • The option to open and close your stock period is great as you have the chance to edit your stock at a moment's notice.
    Incentivized
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    Penny AI
    • Simple UI
    • Large customization options
    • Quick file imports
    Incentivized
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    Cons
    HotSchedules and Fourth
    • It would help massively to see via Enterprise and menu items what ones are no longer active, to keep the data tidy.
    • When you take purchase reports from Enterprise and select to organise them by category, show the name of the category on the actual report download.
    • Quick and easy upload/download of supplier products for correcting prices, descriptions, prices in bulk.
    Incentivized
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    Penny AI
    • More tutorials on features via YouTube
    Incentivized
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    Support Rating
    HotSchedules and Fourth
    Too long to get an answer.
    Incentivized
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    Penny AI
    No answers on this topic
    Alternatives Considered
    HotSchedules and Fourth
    No answers on this topic
    Penny AI
    Penny Software has a great UI with a great support system. We are able to alter what we see and how we see particular data. This makes it easier for us to make decisions based on the information provided in a convenient manner. The support from the Penny team makes it easy for us to make adjustments to whatever we require out of the software, it also helps the team to get familiar with features they may have never used before.
    Incentivized
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    Return on Investment
    HotSchedules and Fourth
    • Procurement: Integrating some of the key suppliers with Trade Simple has saved labour hours.
    • Integration: GL Integrations have increased the efficiency and quality of data.
    Incentivized
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    Penny AI
    • Positive ROI, is not particularly tangible, but the time saved meant that staff can focus on other projects
    Incentivized
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    ScreenShots

    Fourth Procurement and Inventory Screenshots

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    Penny Software Screenshots

    Screenshot of Platform ViewScreenshot of Comparison Table with AI Benchmark Tool.