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OpenText RFx Center (legacy) vs. Penny Software

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    OpenText RFx Center (legacy)

    Score8 out of 10
    N/AOpenText RFx Center enabled enterprises to automate, manage, and monitor their RFI, RFQ, RFP, and other procurement processes. It is a legacy product.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
    OpenText RFx Center (legacy)Penny Software
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    OpenText RFx Center (legacy)Penny Software
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeRequired
    Additional Details——
    More Pricing Information
    Best Alternatives
    OpenText RFx Center (legacy)Penny Software
    Small Businesses
    No answers on this topic
    No answers on this topic
    Medium-sized Companies
    Responsive
    Score8.9 out of 10
    Precoro
    Score9.5 out of 10
    Enterprises
    Responsive
    Score8.9 out of 10
    GEP Quantum Intelligence
    Score9.1 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    OpenText RFx Center (legacy)Penny Software
    Likelihood to Recommend
    8.0
    (1 ratings)
    7.0
    (1 ratings)
    User Testimonials
    OpenText RFx Center (legacy)Penny Software
    Likelihood to Recommend
    Discontinued Products
    OpenText RFX is well suited with Smaller or midsize organizations where it can be used as standalone solution. For large organization with Custom procurement processes and integration requirements with other business products like SAP, there are better solutions are available which can be evaluated with OpenText RFX product. Custom development processes are limited in OpenText RFX and there are some solutions like SAP SRM and Ariba can be evaluated.
    Incentivized
    Read full review
    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
    Discontinued Products
    • Monitor procurement spend.
    • manage Supplier relationship.
    • Integrate with ERPs like SAP.
    • Analytics of procurement trends.
    Incentivized
    Read full review
    Penny AI
    • Simple UI
    • Large customization options
    • Quick file imports
    Incentivized
    Read full review
    Cons
    Discontinued Products
    • Integration with ERP products like SAP.
    • UX User experience.
    • Custom procurement processes.
    • Product support.
    Incentivized
    Read full review
    Penny AI
    • More tutorials on features via YouTube
    Incentivized
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    Alternatives Considered
    Discontinued Products
    Solutions like SAP Ariba are better suited for large enterprises with Custom processes and integration requirements with other ERP software like SAP ERP or S/4HANA products which are been used most of the fortune 500 companies. OpenText RFX is good for small and medium organizations with limited customization and integration requirements.
    Incentivized
    Read full review
    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
    Read full review
    Return on Investment
    Discontinued Products
    • Efficient procurement process.
    • Easy vendor/supplier management.
    • Faster implementation.
    Incentivized
    Read full review
    Penny AI
    • Positive ROI, is not particularly tangible, but the time saved meant that staff can focus on other projects
    Incentivized
    Read full review
    ScreenShots

    Penny Software Screenshots

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