Tropic Overview

Tropic is a software purchasing and management platform designed to streamline procurement, renewals, and spend optimization for businesses. It improves contract workflows, provides real-time spend visibility, and leverages data to help companies make informed decisions about their software investments.

Key Features of Tropic

Centralized Procurement: Consolidate all software contracts, purchasing, and renewals in one place for easy tracking and management.
Spend Management: Analyze usage data and benchmarks to identify cost-saving opportunities and negotiate better deals.
Automated Workflows: Streamline processes with customizable approval workflows and automated contract renewals.
Vendor Management: Track vendor performance, manage relationships, and maintain a comprehensive vendor database.
Real-time Spend Visibility: Get instant insights into software spend across departments, teams, and individuals.

What Makes Tropic Unique

Compliance Management: Ensures software compliance with built-in controls and automated policy enforcement.
Customizable Dashboards: Provides tailored views and reports for different stakeholders, from finance to IT and procurement teams.
Market Intelligence: Offers access to pricing benchmarks and data to inform negotiations and purchasing decisions.
Integration Ecosystem: Connects with popular financial and HR systems for seamless data flow and comprehensive spend analysis.

Is Tropic Right for Me?

Tropic is ideal for mid-size to large enterprises looking to gain control over their SaaS spend and streamline their software procurement processes. It's particularly valuable for companies with complex software ecosystems and those seeking to optimize their technology investments.

Signs You Need Tropic

Your procurement process is manual and time-consuming

Lengthy approval cycles for new software purchases
High volume of back-and-forth emails for renewals
Missed renewal deadlines leading to unexpected auto-renewals

When Tropic Isn’t the Right Fit

You have a small software portfolio

Less than 10 SaaS applications in use
Annual software spend under $100,000

Customizing Tropic

Workflow Configuration: Tailor approval processes and workflows to match your organization's structure and policies.
Custom Fields and Attributes: Add company-specific data points to track alongside standard contract and vendor information.
Reporting and Analytics: Create custom reports and dashboards to focus on metrics that matter most to your business.
Integration Setup: Configure connections with your existing tools and systems for seamless data flow.
User Roles and Permissions: Define granular access levels and permissions to align with your organizational hierarchy.

Is Tropic Worth It?

Tropic is worth it for mid-market to large companies with significant SaaS spending and complex procurement processes, as it can lead to cost savings and improved vendor management. Tropic's insights and automation capabilities can streamline negotiations and provide valuable data for strategic decision-making. For smaller companies with limited SaaS usage or straightforward procurement needs, Tropic's advanced features might exceed their requirements, and the potential savings might not offset the cost of the platform.

How Much Does Tropic Cost?

Pricing is one of the most important evaluation factors when buying software. We have pricing insights contributed by current and former customers of Tropic to help you make the best purchasing decision for your use case.

See what Tropic costs

Competitors to Tropic

Vendor	Reasons to Consider	Best For
Vendr	Focuses on streamlining software buying process and contract negotiations	Fast-growing companies looking to establish efficient procurement processes
Vertice	Emphasizes cost savings through AI-driven negotiations and benchmarking	Companies prioritizing significant cost reduction in their SaaS spend
Sastrify	Combines SaaS management with dedicated procurement support	Companies seeking both a platform and expert assistance in SaaS management
Zylo	Strong focus on SaaS discovery and utilization tracking	Large enterprises with shadow IT concerns and complex application landscapes
Torii	Emphasizes automation in SaaS management workflows	Tech-forward companies looking to automate routine SaaS management tasks
Cledara	Offers a virtual card system for SaaS purchases alongside management features	Companies looking to control software spending through dedicated payment methods