Tropic

Tropic is a New York-based company that has developed a software as a service (SaaS) procurement platform that can be utilized by companies to manage their software purchases. It was founded in 2019 and operated in stealth mode until 2020. Notable clients that have utilized the Tropic platform include Loom, DocuSign, and Nextdoor.

The Tropic platform has several features to aid customers with managing the software that is used at their company. There is a discover feature that enables customers to find new vendors, and once the customer is interested in adding that software to the company stack, Tropic has an assisted purchasing feature that gives the customer end-to-end software procurement services. Another feature includes one for purchasing requests, which creates a standardized process that can be used across teams for both purchasing and renewing software.Clients can also use the platform to manage their contracts with software that they currently use so that renewal dates are not missed.

Tropic Landing Page

The cost to use the platform depends on how much the client spends on software annually. For example, if a client is spending between $250,000 and $1,000,000 on software annually, Tropic would cost the company approximately $3,750 per month. Prices are available on Tropic's website.