Tropic announced that 2024 procurement would handle 23 renewals this quarter.
Published
Signal category
Operations & Supply
Quote
“2024 procurement would say something like this: “I’m handling 23 renewals this quarter.””
— Michael Shields|Tropic team
Company
Tropic
Stop Overpaying for AI and Software.
- Industry
- Software Development
- Location
- Remote, US
- Company size
- 292 employees
Tropic gives finance and procurement teams proprietary market intelligence, human expertise, and agentic support to save more on SaaS and AI purchases, source smarter, and focus their time where it counts. With Tropic, companies know what to pay for software before they ever talk to a vendor, negotiate better deals, manage renewals proactively, and prove the ROI of their procurement function to leadership. Companies of all sizes use Tropic, from SMBs without a dedicated procurement function to enterprise organizations managing complex, multi-category tech stacks. With $23B+ in managed spend, 21% in average per-customer savings, and 450K+ hours saved collectively, Tropic is recognized as a leader in SaaS Spend Management and Procurement Orchestration on G2. We’re trusted by over 500 teams, including Strava, Greenhouse, Mozilla, Olipop, and more.
Founded 2019