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Uncover the key differences in spend management and procurement. Learn who is the top choice for businesses today.
Tropic and Spendflo are both software solutions designed to help companies manage their SaaS (Software-as-a-Service) spending and vendor relationships, but they differ in their specific approaches and features. Here's a breakdown of the main differences between the two, and why someone might choose Tropic over Spendflo:
The short answer: Tropic’s intelligent spend management platform extends beyond SaaS, becoming your source of truth for all spend and contracts. Use Tropic to manage all categories of spend, including intake of any purchase request, tracking contract renewals, and identifying shadow spend. Over 500 companies choose Tropic to help them manage their spend.
Tropic’s ERP integrations offer a comprehensive view of spend, making it easy to monitor, budget, and forecast. Contract management in Tropic gives you a single view of your supplier spend and builds in renewal alerts so you never miss an auto-renewal.
Tropic saves you time and eliminates frustration through a combination of automation and hands-on expertise to handle vendor negotiations. If your team needs expert guidance on software contracts, tap into Tropic’s supplier intelligence to benchmark your price and build your negotiation strategy. If you’re not ready to invest in an in-house procurement team or if you’re looking to supplement your procurement team, outsource your software negotiations to Tropic.
Tropic offers more comprehensive vendor management capabilities beyond SaaS, becoming a one-stop solution for managing both SaaS and non-SaaS vendors. Leverage Tropic for intake of new requests, store and manage contracts, and set up renewal alerts across all spend categories.
With customizable procurement workflows in Tropic, companies can build simple or complex purchasing processes to tailor the platform to their specific needs. This robust level of customization can support unique procurement requirements.
Tropic gives companies leverage on contract negotiations and renewals, using a blend of procurement experts and AI-driven insights to help companies achieve better pricing and terms. This can be particularly useful for companies that prioritize optimizing vendor contracts.
Tropic provides access to detailed market benchmarking data, which allows companies to make more informed decisions based on pricing trends and vendor performance in the market. Tropic’s data and insights creates a competitive edge for companies focused on data-driven decision-making in their procurement process.
Tropic will supercharge your teams’ effectiveness with custom pricing benchmarks, negotiation plans, and 1:1 coaching from our expert negotiators. We’re your partner when it comes to getting better outcomes, not just price. We’ll take care of all the back-and-forth communications, document collection, and negotiating, while you get time back to focus on your next big project.
Jeremy Klein
Senior Director of Finance Operations
Jeremy Klein
Senior Director of Finance Operations
Heather Scheel
Senior Systems Program Manager
Heather Scheel
Senior Systems Program Manager
Matt Weiler
CFO
Matt Weiler
CFO
Jeremy Klein
Senior Director, Finance Operations & Transformation
Jeremy Klein
Senior Director, Finance Operations & Transformation
Sam Good
Sam Good
Steve McMullen
General Manager
Steve McMullen
General Manager
User in Computer & Network Security
User in Computer & Network Security
User in Hospital & Health Care
User in Hospital & Health Care
User in Computer Software
User in Computer Software
User in Information Technology and Services
User in Information Technology and Services
User in Think Tanks
User in Think Tanks
User in Computer Software
User in Computer Software
Chris Mullins
Chris Mullins
Brandon Bailey
VP Strategic Financial and People Operations
Brandon Bailey
VP Strategic Financial and People Operations
Xavier Del Rosario
VP of Finance & BizOps
Xavier Del Rosario
VP of Finance & BizOps
Coulter King
Chief Operating Officer
Coulter King
Chief Operating Officer
Ariel Nahmias
VP of Finance
Ariel Nahmias
VP of Finance
Cameron Davis
Director of Procurement
Cameron Davis
Director of Procurement
J.B. Snodgrass, CPA
VP, Financial and Sales Operations, Procurement
J.B. Snodgrass, CPA
VP, Financial and Sales Operations, Procurement
Ryan Roccon
VP of Finance
Ryan Roccon
VP of Finance
Dillion Jacobson
Dillion Jacobson
Brian McGartoll
Brian McGartoll
User in Computer Software
User in Computer Software
Discover why hundreds of companies choose Tropic to gain visibility and control of their spend.