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Penny Inc REVIEW

Expenses Management Software

No user reviews
USER SATISFACTION 99%
OUR SCORE 8.0

What is Penny Inc?

Penny Inc is an expense management system created for small and medium businesses. Penny Inc integrates a reloadable prepaid debit MasterCard with an expense management app (mobile and desktop), enabling you to automate, control and monitor your business and travel expenses.

Penny Inc provides business owners with real-time insight into employee spend, capturing the transaction detail and storing the receipt at the time of purchase.

Funds can be transferred instantly to employee cards, anytime and from anywhere. Individual employee cards can be restricted to the merchant category where spend is allowed, eliminating any spend leakage. You can also apply maximum spend limits to ensure employees do not go over budget.

Through the free card holder app, your employees can request funds on-the-go, and apply a project code or cost center to the transaction. To ensure you are never missing a receipt, a prompt to photograph the receipt is generated after the purchase is made.

Penny Inc integrates with most major cloud accounting systems, providing you with seamless account reconciliation.

Overview of Penny Inc Benefits

Reduced business expenses:

  • Penny Inc is free. There are no monthly subscription fees, and no cost for your prepaid debit MasterCard’s (some third-party fees may apply).
  • Reduce spend leakage.
  • Eliminate reimbursement disputes from employees using their own credit card.

Save time through automation:

  • Eliminate manual data entry, and time-consuming reimbursement spreadsheets and processes.
  • Employees are prompted to photograph their receipt at the time of purchase.
  • No more lost receipts. Receipts are automatically attached to the transaction.
  • Integration with most major cloud accounting software (see the partners page on our website for further details).

Increased employee spend compliance:

  • View all transactions in real-time, as they occur.
  • Apply merchant restrictions and spend limits to individual cards.
  • Control spend leakage.

Increased security:

  • No credit risk. The cards are pre-paid debit cards, and you control the amount available on the card.
  • Virtual cards can be used for online or overseas transactions for increased security.
  • Reduced risk of fraudulent or unauthorized spend.

Overview of Penny Inc Features

  • Free desktop and mobile app
  • Fast and secure registration
  • Prepaid debit MasterCard’s
  • Virtual Cards and single use cards
  • Interactive dashboard
  • Receipt capture and unlimited storage
  • Approve, partially approve or decline fund requests
  • Instant funds transfer from your Penny Inc account to employee cards
  • Order, suspend or cancel cards at the touch of a button
  • Apply customized cost center or project codes to transactions
  • Apply merchant restrictions
  • Apply maximum spend limits
  • Integration with most major cloud accounting software
  • Reporting – search and export transaction detail

Awards & Quality Certificates

Penny Inc Position In Our Categories

Position of Penny Inc in our main categories:

200

Penny Inc is one of the top 200 Accounting & Finance Software products

200

Penny Inc is one of the top 200
Accounting & Finance Software products


Penny Inc is also listed in the following subcategories:

Category:Position:Category:Position:
Expenses Management Software#35 Time & Expense Management Software#18
Category:Position:
Expenses Management Software#35
Time & Expense Management Software#18

There are trendy and widely used applications in each software category. But are they essentially the best fit for your enterprise’s unique requirements? A trendy software product may have thousands of users, but does it offer what you need? For this reason, do not blindly shell out for popular systems. Read at least a few Penny Inc reviews and mull over the aspects that you desire in the software such as the fees, main tools, available integrations etc. Then, choose a few solutions that fit your needs. Try out the free trials of these apps, read online comments, get explanations from the maker, and do your investigation meticulously. This exhaustive homework is sure to help you select the finest software application for your organization’s specific requirements.

How Much Does Penny Inc Cost?

Penny Inc Pricing Plans:

With Penny Inc, there are:

  • No monthly subscription fees
  • No transfer fees
  • No transaction fees
  • No annual fees
  • No cancellation fees

The Penny Inc desktop application, cardholder mobile app, and your prepaid debit Mastercard’s are all free.

Some third-party fees may apply.

User Satisfaction

We realize that when you make a decision to buy Expenses Management Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Penny Inc reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Penny Inc. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

POSITIVE SOCIAL MENTIONS

89

NEGATIVE SOCIAL MENTIONS

1

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Technical details

Devices Supported
  • Windows
  • iPhone/iPad
  • Mac
  • Web-based
Language Support
  • USA
Pricing Model
  • Free
Customer Types
  • Small Business
  • Medium Business
Deployment
  • Cloud Hosted

What Support Does This Vendor Offer?

  • EMAIL
  • PHONE NO.
  • LIVE SUPPORT

What are Penny Inc pricing details?

Penny Inc Pricing Plans:

With Penny Inc, there are:

  • No monthly subscription fees
  • No transfer fees
  • No transaction fees
  • No annual fees
  • No cancellation fees

The Penny Inc desktop application, cardholder mobile app, and your prepaid debit Mastercard’s are all free.

Some third-party fees may apply.

What integrations are available for Penny Inc?

Penny Inc. integrates with the following business systems and applications:

  • QuickBooks
  • Sage
  • Freshbooks
  • Xero
  • NetSuite
  • Microsoft Dynamics
  • Intacct

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