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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    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

    Ramp

    Score9.3 out of 10
    N/ARamp is a corporate card and spend management solution that helps companies of all sizes to accelerate growth without compromising on their finances. With a direct integration with the user's accounting solutions, Ramp helps finance teams save time tracking expenses, following up with employees, and closing their books. Ramp offers companies real time visibility into spending, automated expense reporting, and advanced insights into ways to cut spend.

    $0

    Pricing
    Penny SoftwareRamp
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Penny SoftwareRamp
    Free Trial
    NoNo
    Free/Freemium Version
    NoYes
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeRequiredNo setup fee
    Additional Details—Ramp provides a free tier for smaller teams who want to simplify finances. A step-up to our free tier is Ramp Plus, starting at $15/month/user along with platform fees based on team size. Then, for large businesses, the Enterprise plan requires a custom quote.
    More Pricing Information
    Community Pulse
    Penny SoftwareRamp
    Considered Both Products
    Penny AI
    No answer on this topic
    Ramp Business Corporation
    No answer on this topic
    Key User Insights
    Would buy again
    No answers on this topic
    97%
    Would buy again
    32 Answers
    Delivers good value for the price
    No answers on this topic
    97%
    Delivers good value for the price
    28 Answers
    Happy with the feature set
    No answers on this topic
    94%
    Happy with the feature set
    31 Answers
    Lived up to sales and marketing promises
    No answers on this topic
    97%
    Lived up to sales and marketing promises
    28 Answers
    Implementation went as expected
    No answers on this topic
    97%
    Implementation went as expected
    28 Answers
    Best Alternatives
    Penny SoftwareRamp
    Small Businesses
    No answers on this topic
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    Medium-sized Companies
    Precoro
    Score9.5 out of 10
    No answers on this topic
    Enterprises
    GEP Quantum Intelligence
    Score9.1 out of 10
    No answers on this topic
    All AlternativesView all alternativesView all alternatives
    User Ratings
    Penny SoftwareRamp
    Likelihood to Recommend
    7.0
    (1 ratings)
    9.6
    (32 ratings)
    Usability
    -
    (0 ratings)
    9.1
    (8 ratings)
    User Testimonials
    Penny SoftwareRamp
    Likelihood to Recommend
    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
    Read full review
    Ramp Business Corporation
    Ramp is well suited for managing everyday spending. We have been able to set standard permissions across the board for our team, monitor spending easily, and adjust "allowances" accordingly and quickly. The instant funding once a request is approved makes it so much faster to make a purchase, if outside of the set parameters. Ramp travel offerings are sometimes unattractive, and we have found many flights, hotels, and car rentals by going to other platforms or the suppliers directly. Pricing is comparable, but many times it is cheaper to book outside of Ramp.
    Incentivized
    Read full review
    Pros
    Penny AI
    • Simple UI
    • Large customization options
    • Quick file imports
    Incentivized
    Read full review
    Ramp Business Corporation
    • You can forward your receipts to receipts@ramp.com and it will auto-approve.
    • You can easily reverse charges if an employee accidentally places a charge on their work card.
    • You can send employees physical Ramp cards.
    • You can create as many virtual cards as needed.
    Incentivized
    Read full review
    Cons
    Penny AI
    • More tutorials on features via YouTube
    Incentivized
    Read full review
    Ramp Business Corporation
    • Even more integration to have us spend less time on reporting expenses for grant reports
    • This does not happen often, but if you make a purchase and then cancel it with the vendor, for some reason, Ramp does not immediately recognize that purchase cancellation and will continue to remind you to submit a receipt or tag it as an accidental charge, but there is no option to tag it as a canceled purchase.
    Incentivized
    Read full review
    Usability
    Penny AI
    No answers on this topic
    Ramp Business Corporation
    Ramp offers an exceptionally intuitive user interface with a clean, well-organized design. The platform demonstrates continuous improvement through regular feature enhancements and updates. New employee onboarding requires minimal training due to the platform's logical section-based layout and user-centric design, which facilitates rapid adoption and efficient navigation. Overall Ramp's interface and UI is very user friendly.
    Incentivized
    Read full review
    Alternatives Considered
    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
    Ramp Business Corporation
    We moved to Ramp from Expensify at our accountant's advice. We went with her advice due to ease of use, ease of Quickbooks sync, ability to send reminders with one click, and more. We are very happy with the decision to switch to Ramp.
    Incentivized
    Read full review
    Return on Investment
    Penny AI
    • Positive ROI, is not particularly tangible, but the time saved meant that staff can focus on other projects
    Incentivized
    Read full review
    Ramp Business Corporation
    • The actual dollar savings is difficult to determine at this point. We'll have a better idea the ROI at the end of the year. Previously, we received 1% back on all purchases with our corporate card. We receive 1.5% with Ramp, pay per number of cards annually (for Ramp Plus) to auto-lock cards and for additional features.
    • Time savings for admin and employees has been significant due to ease of use.
    Incentivized
    Read full review
    ScreenShots

    Penny Software Screenshots

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

    Ramp Screenshots

    Product screenshotProduct screenshotScreenshot of Slack integrationScreenshot of Vendor ManagementScreenshot of Automated savings insights