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Tropic and Ramp both offer spend management platforms with features to help you manage procurement, organize renewals, and access SaaS price benchmarks.
The short answer: Tropic’s intelligent spend management platform provides a greater breadth and depth of commercial intelligence, paired with a feature-rich procurement platform built for the needs of Finance, Procurement, Accounting, and every stakeholder involved in purchasing.
Both Tropic and Ramp provide platforms that help organizations control and reduce spend through automated workflows and approvals, renewal management solutions, and commercial intelligence.
Ramp has invested the majority of their time in building solutions for expense management, corporate cards, and accounts payable automation. Recently, they’ve added a procurement orchestration offering that provides lightweight workflow capabilities and limited commercial intelligence for SaaS benchmarks.
On the other hand, Tropic is focused on being the leader in automated intake to procure and supplier intelligence. Our years of expertise in solving challenges for Finance, Procurement, and Accounting have helped us build a robust platform that works for every stakeholder throughout the procurement process, and delivers SaaS benchmarks and negotiation playbooks backed by $10 billion in managed spend.
While Ramp provides a lightweight solution for finance professionals, Tropic provides a robust platform that centralizes activity for every procurement stakeholder.
Only Tropic provides price benchmarks for over 300 suppliers, maximizing the ROI of your SaaS purchases. Our relevant, unbiased, self-serve price data gives you a true comparison of your price compared to your peer set.
Ramp, on the other hand, provides benchmarks for a significantly smaller number of suppliers. If you’re relying on Ramp, you may often find that you’re left without benchmarks to reference.
Negotiating with suppliers can be frustrating, especially with minimal data. Most organizations don’t have the time or insider-knowledge to build custom strategies for every negotiation, which leads to wasted time on low-impact negotiations and less bandwidth to focus on more impactful negotiations.
Only Tropic provides supplier-specific negotiation playbooks that give you the strategies and tactics that work on your key suppliers. Our playbooks make you more effective and efficient when you negotiate, so you can drive more savings and better outcomes.
Tropic is built to automate and unify your buying process, which means we need to work for all of your stakeholders. Our supplier portal, renewal tracking, integrations, and broad workflow capabilities ensure that all of your stakeholders gain improved visibility through the Tropic Intelligent Spend Management platform.
By centralizing activities and unifying your systems, Tropic makes it easy to actually control your spend.
Tropic is the leader in renewal management, providing you with alerts that can be customized by supplier, a robust & comprehensive renewal calendar, and automated reminders via Tropic, email, or Slack integration. Tropic ensures a renewal never slips through the cracks, so you can avoid unnecessary overspend and unwanted contract extensions.
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.