Penny is a cloud-based Procure-To-Pay system. It helps you digitize and manage your full procurement cycle from request to approval. Procurement & Sourcing Management Software. penny is a cloud-based Procure-To-Pay system. penny helps you digitize and manage your full procurement cycle from request to approval. Manage RFQs, RFP, and RFIs to vendors, compare quotations, send POs, and even payment. penny was designed to make things easy and consolidate all of your organization’s spending needs into one intelligent system