TrustRadius: an HG Insights company

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    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

    Zycus Procure to Pay

    Score7 out of 10
    N/AA guided buying P2P solution with AI, that helps to ensure consistency, and that helps users make the best buying decisions, using a more intuitive shopping experience.N/A
    Pricing
    Penny SoftwareZycus Procure to Pay
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Penny SoftwareZycus Procure to Pay
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeRequiredNo setup fee
    Additional Details
    More Pricing Information
    Best Alternatives
    Penny SoftwareZycus Procure to Pay
    Small Businesses
    No answers on this topic
    No answers on this topic
    Medium-sized Companies
    Precoro
    Score9.5 out of 10
    Precoro
    Score9.5 out of 10
    Enterprises
    GEP Quantum Intelligence
    Score9.1 out of 10
    GEP Quantum Intelligence
    Score9.1 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    Penny SoftwareZycus Procure to Pay
    Likelihood to Recommend
    7.0
    (1 ratings)
    6.1
    (3 ratings)
    User Testimonials
    Penny SoftwareZycus Procure to Pay
    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
    Zycus
    Zycus Procure to Pay Suite is convenient in cases of organisations that look for a streamline approach and would prefer having all the information at once place. This is great when it comes to audits as the information is very clearly available on when and who did what. However, this relies greatly on information to be fed from external sources. Dependency on the vendor increases, complex for small businesses. Even after all the effort the information has to manually entered or entered through an interim application in SAP for those businessess that would like to have their data maintained in SAP. Voice of customer is often not taken in to consideration.
    Incentivized
    Read full review
    Pros
    Penny AI
    • Simple UI
    • Large customization options
    • Quick file imports
    Incentivized
    Read full review
    Zycus
    • Process to create RFP is very user friendly
    • PR creation also simple and easy to learn
    • Contract creation--easy to upload templates and create T&Cs
    Incentivized
    Read full review
    Cons
    Penny AI
    • More tutorials on features via YouTube
    Incentivized
    Read full review
    Zycus
    • I have not felt that it is difficult.
    • I could say that it is necessary to spread this tool more.
    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
    Zycus
    Zycus Procure to Pay Suite is a much more advanced P2P suite as compared to the other applications. It is less complex, easier to streamline and customize, is faster and more latest as compared to the current suites that we earlier used. It has everything at one place which reduces the amount of effort that goes behind using multiple applications and the cost we spend on them
    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
    Zycus
    • RFP cycle time reduced by five days
    • Supplier onboarding reduced from seven to two days
    Incentivized
    Read full review
    ScreenShots

    Penny Software Screenshots

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