This Spend Matters PRO Vendor Analysis provides an overview of the software as a service (SaaS) management solution provider Tropic and its SaaS sourcing and procurement platform.
Founded in 2019, Tropic is an up-and-coming solution vendor that sets itself apart by offering an all-in-one software sourcing and spend optimization platform.
Software is often difficult to procure for those used to traditional procurement techniques because it requires a completely different approach from procuring direct materials and goods. Many large organizations struggle to procure SaaS owing to multiple factors, including the level of technical expertise needed, lack of market knowledge and lack of pricing and product transparency, which leads to procurement teams having difficulty weeding out what capabilities a software vendor actually offers compared to what its sales team or website portrays.
Tropic’s business model helps Finance, Procurement and Operations teams overcome software sourcing challenges by facilitating negotiations, ensuring compliance, automating the purchase experience and managing contracts with its combined offering of its platform and service layer in the shape of its team of procurement experts.
Here’s why Tropic matters:
This Spend Matters PRO Vendor Analysis explains what makes Tropic different from other SaaS procurement vendors, gives an overview of the vendor’s capabilities, its competitors, provides tech selection tips and closes with key analyst takeaways.
© Purchasing News Hubb All rights reserved.
© 2022 Purchasing News Hubb All rights reserved.
You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/