Penny AI

Penny gives procurement teams a single system for the entire purchasing cycle, from the first request to the final payment.

Requests arrive through guided intake forms and route automatically against policy rules, budget thresholds, department hierarchies, and multiple entities. RFQs and RFPs go out with structured response formats, so bids come back comparable. Suppliers are onboarded with their own access to submit documents and respond directly. Contracts stay linked to the suppliers and orders they govern. Purchase orders are issued from approved requests, and incoming invoices are read and matched to the correct order and receipt.