Procurement & Sourcing Management Software. Penny is a cloud-based Source-To-Pay solution. It is a modular system that is quick to implement and easy to use. Penny helps you digitize and manage your entire procurement cycle from Purchase Requisitions, Approvals, RFQs, RFP, RFIs, quotations/proposals gathering comparison and analysis, POs, GRN, and even payments. Along with vendor, contract, spend, and budget management modules. You can track your procurement in full, extract reports, and analysis. Penny Software is so easy that everyone on your team will love using it.