Tropic

Did you know that security software is the 2nd #SaaS category businesses invest the most in, making up 11.75% of the total software budget? If you play your cards right, purchasing security software can become a buyer’s market — if you can use competitive leverage, understand pricing models, and consolidate where possible. Tropic #procurement expert @ Ashley Blackwell shares her trends and actionable insights to help you optimize your security tech stack in 2024: https://lnkd.in/e_fgA8vU

For Christeene Alcosiba, #AAPI month is all about reflection, celebration, and confrontation. 💛 As a Senior Product Manager on our Accounting Systems Team, Christeene oversees the product development process, works alongside many stakeholders, and ensures our customers’ needs are met. Get to know her in this latest #employeespotlight 👉 https://lnkd.in/gAEb7Tv9

Struggling to optimize your #SaaS costs? Cost optimization is imperative for efficiency and profitability. There are 10 levers you can pull to master cost optimization, including: ✅ Driving compliance with intuitive UIs ✅ Helping budget owners think like CFOs ✅ Understanding utilization ✅ And 7 more game-changing strategies Learn about all 10 levers and how to put them into practice to cut costs, streamline your processes, and maximize time savings: https://lnkd.in/eZV4skCG

A KPMG US study found that “Implementing [AI] technology can lead to 80% time savings in certain procurement use cases and boost efficiency.” #AI will transform strategic sourcing, promising more efficiency in evaluating suppliers, mitigating risk, and driving compliance. Planning to take advantage of this new frontier? Discover AI’s opportunities and challenges (plus how to navigate them) for #procurement sourcing in our latest blog: https://lnkd.in/g6PgMy_x

Seeing Chandhrika Venkataraman and Michael Shields team up to talk about the power of market intelligence (and how to use it) was nothing short of special for the #procurement community. Unbiased data and insights give buyers the leverage to make more strategic and informed purchasing decisions. That’s how you level the buyer-supplier playing field. 💪 Shoutout to S. Michael Cadieux and Procurement Foundry for an action-packed event at #ForgeTech24 🥂

How do high-growth finance and accounting teams operate in 2024? Get the scoop on what finance leaders, including Tropic's Director of Accounting Joseph Jones, CPA, are prioritizing and which kinds of tools they’re using. Better yet, get tactical advice on how to improve your own processes too. 🎯 Grab your notebook next week and save your seat for this Campfire discussion below 📝 👇 #finance #accounting #saas

Did you know IT Infrastructure tools were the most popular #SaaS category purchased in 2023? Given its importance, optimizing your IT Infrastructure tech stack becomes critical to avoid ballooning costs and useless functionality. Shelfware that wastes money and collects dust only hurts your bottom line. Tropic #procurement expert Derek DeGroot shares key trends and insights in this space to help you maximize efficiency and cut costs. Learn more in our latest blog: https://lnkd.in/gMNDuG53

👋 Hey Finance and Accounting Pros: Get tactical advice and insight on optimizing your financial processes from veteran SaaS finance leaders, including Tropic's own Director of Accounting Joseph Jones, CPA. 📅 Mark your calendars for May 22 at 10am PST Save your virtual seat below 👇 #SaaS #Finance #Accounting

“Receiving payment from the suppliers just brings us back to square one, placing buyers at a disadvantage every time they attempt to procure software,” says David Campbell, #CEO of Tropic. Think about it: If a third-party buying partner accepts kickbacks from suppliers, they become a reseller for suppliers (and no longer a useful tool for buyers). That leads to pricing data and supplier recommendations that are inherently biased, leaving you with: ▶ Increased financial risk ▶ Inflated savings guarantees ▶ Missed savings opportunities ▶ Compromised negotiation outcomes. Mitigate those risks and ask these 4 evaluation questions to ensure third-party pricing #data is unbiased and helpful, not biased and harmful. 👇 #procurement #spendmanagement

It’s always useful to have a map and know where to go (and where not to go)...especially when you negotiate SaaS contracts. We compiled simple and actionable do’s and don’ts that maximize your leverage. Use these best practices as your checklist to navigate #software negotiations the right way. ✅ Learn more in our latest blog: https://lnkd.in/gk-yH5_P #procurement #negotiation