Penny Software vs. Zip Intake-to-Procure

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Penny Software
Score 7.0 out of 10
N/A
Cloud-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.N/A
Zip Intake-to-Procure
Score 7.8 out of 10
Enterprise companies (1,001+ employees)
Zip provides a place for employees to initiate a purchase or vendor request. Each request is routed for approval across procurement, finance, IT, data security, legal, and other teams, and Zip integrates into ERP and P2P solutions to create a PR or draft PO. The vendor states Zip works with Canva, Checkr, Hopin, Zapier, CM Group, and other companies both public and private.N/A
Pricing
Penny SoftwareZip Intake-to-Procure
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Penny SoftwareZip Intake-to-Procure
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Penny SoftwareZip Intake-to-Procure
Top Pros

No answers on this topic

Top Cons

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User Ratings
Penny SoftwareZip Intake-to-Procure
Likelihood to Recommend
7.0
(1 ratings)
7.6
(22 ratings)
Support Rating
-
(0 ratings)
9.1
(1 ratings)
User Testimonials
Penny SoftwareZip Intake-to-Procure
Likelihood to Recommend
Penny software
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.
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Zip
Zip can be used for routing all vendor-level approvals for new vendors and all renewals across our organization. It can also be helpful for managing all purchases from existing vendors. For non-spend related approvals, it’s not as well suited. Zip was definitely designed for procurement workflows. They also have a vendor management portal that links up directly to something like NetSuite for management and visibility.
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Pros
Penny software
  • Simple UI
  • Large customization options
  • Quick file imports
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Zip
  • No coding - Ability for the administrator to make changes without development resources helps us be agile as a procurement org.
  • Visibility to the user in a great user interface
  • Accountability (helps us track SLAs on response time), Audit trails keeping track of everything
  • The implementation team was incredible, as is ongoing support. They want you to succeed in your goals vs. just implement their tool
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Cons
Penny software
  • More tutorials on features via YouTube
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Zip
  • There are some duplicated fields such as anticipated total spend vs. price line item breakdown that asks for the same thing. This is a little bit tedious
  • Does not show which invoices got processed and applied to open POs
  • Does not integrate / migrate special custom fields within Zip Intake-to-Procure into other tech stacks (NetSuite)
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Support Rating
Penny software
No answers on this topic
Zip
Incredibly responsive and helpful.
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Alternatives Considered
Penny software
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.
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Zip
I prefer Zip for its for its user-friendly interface and ease of adoption, especially if the organization values a simpler and more intuitive system for users across various departments. Comparatively, Zip is a more budget-friendly solution compared to some enterprise-level systems like SAP ARIBA or Oracle PeopleSoft, especially for smaller or mid-sized organizations with specific procurement needs.
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Return on Investment
Penny software
  • Positive ROI, is not particularly tangible, but the time saved meant that staff can focus on other projects
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Zip
  • Visibility for all necessary approvers and reviewers of the process.
  • Lack of open API to other systems (i.e Mondays, Smartsheet) is causing concerns for team that might want to move away from current tool.
  • No 3rd party implementation required is huge cost / time savings.
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ScreenShots

Penny Software Screenshots

Screenshot of Screenshot of

Zip Intake-to-Procure Screenshots

Screenshot of Screenshot of Zip supports ultra-configurable, parallel workflows with our no-code configuration.Screenshot of Zip also integrates with all major ticketing, CLM, GRC, and ERP/P2P solutions. Here's an example integration card for JIRA.Screenshot of Zip has an optional vendor-facing portal for the vendor to provide diligence materials, including documents, surveys, and even bank settlement information.Screenshot of Zip's vendor-facing portal includes an optional bank settlement form with an attestation.