[ Tropic Reviews ](https://www.g2.com/products/tropic-tropic/reviews) [ Tropic Reviews ](https://www.g2.com/products/tropic-tropic/reviews) # Tropic Features ##### ## Revenue Recognition (1) Usage Tracking Track usage per company, custom time period, or contract Show More ##### ## Tracking (3) Spend Tracking Provides ability to track and/or map spending on all tools across departments with little to no manual entry. SaaS Utilization Tracking Continuously tracks the number of licenses in use and how often they are being utilized. Tracks usage internally or through integrated applications. User Sentiment Tracking Allows companies the ability to periodically survey users regarding the effectiveness of SaaS applications and their experience using the tools. Show More ##### ## Management (5) Contract Management Provides administrative features to renew, track pricing, analyze terms, and outline expiration dates for SaaS contracts. Application Catalog Allows companies to select a wide variety of applications to track and manage. Dashboards and Visualizations Presents information and analytics in a digestible, intuitive, and visually appealing way. Approval Use criteria to add or remove suppliers to/from approved lists. Documents Capture and maintain documents related to suppliers and their products or services. Show More ##### ## Insights (4) Recommendations Provides recommendations on how to improve your use of existing SaaS tools and recommendations on new SaaS tools Spend Forecasting and Optimization Ability to project spend based on contracts signed. Identifies redundant transactions and unnecessary costs. Peer Benchmarking Facilitates the comparison of your software products, costs, sentiment, and/or utilization to that of peer companies Reporting Creates reports outlining application utilization, cost, user sentiment, and/or functional overlap. Show More ##### ## Setup (4) Data Consolidates procurement data from multiple systems such as ERP systems and supply chain suites. Approvals Define rules and workflows that managers can use to approve different kinds of spending. Alignment Align spending across various departments such as procurement and accounting. Real-Time Data Receive data and information in real time Show More ##### ## Performance (2) Benchmarks Use historical spend data to create benchmarks per company or department. Savings Identify savings opportunities per activity, department, or at the company level. Show More ##### ## Planning (4) Processses Manage workflows and business processes for procurement. Content Maintain a repository of content such as catalogs and other documents. Requisition Define requisition rules for various types of procurement Customizable Templates Pre-designed layouts that can be customized to match preferences and requirements Show More ##### ## Invoice Management (1) Repository Deliver a central repository of AP documents, such as POs and invoices Show More ##### ## Supplier Management (21) Selection Provide features to compare suppliers and choose the best option for various activities. Inventory Management Track and manage inventory levels to maintain proper supply Vendor Management Ability to track and store all vendor-related information, such as contacts, services offered, terms, etc. Workflow Management Create, design and manage workflows for repetitive tasks Compliance Management Track and manage adherence to policies for any service, product, process, or supplier Purchase Order Management Create, send, and track purchase orders and their statuses Requisition Management Review, approve and cancel requests for goods/services to be purchased Bid Management Share bid details, archive bids, and create bid requests to assist in bid solicitation and quote comparison Auction Management Allows businesses to create and manage auctions. Sourcing Management Negotiate best prices and choose the right vendor for various purchases Returns Management Track and facilitate returns of products sold Fixed Asset Management Centralized database to track details of fixed assets such as depreciation and maintenance scheduling/history Contract/License Management Track, store, and access client contracts or licenses Supplier Management Manage all supplier data and operations Spend Management Track the amount of money spent on a certain product or with a certain supplier Order Management Manage and track customer orders for goods, investments, or any other purchases Shipping Management Manage and track orders being shipped to customers Warehouse Management Manage and track operations and inventory within warehouses User Management Manage user accounts, profiles, roles, permissions, and other details across applications, devices or networks Catalog Management Create and manage digital catalog of products/services with their details, specifications, and price Receipt Management Upload, track, and submit receipts in a central database Show More ##### ## Execution (3) Sourcing Identify and assess suppliers for different products and services. Purchasing Electronically create and manage purchase orders for products and services. Invoicing Include features for procurement invoicing and e-invoicing. Show More ##### ## Invoice Processing (3) Matching Ability to match AP invoices to POs, contracts, or payments Workflows Include workflows for approvals and invoice processing Configurable Workflow Configure existing workflows to meet your organization's needs Show More ##### ## Supplier Information (2) Profiles Create and manage supplier profiles that include contact and pricing information. Qualifications Identify the services and products provided by suppliers, as well as certifications. Show More ##### ## Analytics (3) Visibility Improve visibility into procurement activities across the company. Performance Monitor the performance of procurement operations Spend Analyze procurement spending and identify future trends. Show More ##### ## Integration (4) Accounting Provide integration with accounting and financial management software Payments Integrate with payment gateways and enterprise payments software ERP Deliver integrations with accounting modules of ERP systems Procurement Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management Show More ##### ## Reporting (4) Data Import/Export Import and export data to and from software applications Real-Time Updates Receive system updates as soon as any changes are made Real-Time Reporting Active reporting of data and metrics Real-Time Analytics Analyze and gain insights into data in real-time Show More ##### ## Payments (1) Reimbursement Management Manage compensation for out-of-pocket expenses incurred by an employee, client or another party Show More ##### ## Fraud & Risk Management (4) Budget Control Manage and monitor spending to align with the financial constraints or goals Approval Process Control Manage the process of evaluating documents or requests submitted for approval Spend Control Set allowances and ensure employees don't spend more than the allotted amounts Prepaid Cards Bank cards with approved funds pre-loaded that employees can use for corporate purchases Show More ##### ## Supplier Marketplace (23) Real-Time Data Receive data and information in real time Workflow Management Create, design and manage workflows for repetitive tasks Supply Chain Management Manage the planning and execution of supply chain activities Template Management Create, save, and re-purpose templates for emails, forms, etc. Contract/License Management Track, store, and access client contracts or licenses Bid Management Share bid details, archive bids, and create bid requests to assist in bid solicitation and quote comparison Requisition Management Review, approve and cancel requests for goods/services to be purchased Project Management Plan and coordinate all the resources, costs and time needed to execute assignments Purchase Order Management Create, send, and track purchase orders and their statuses Global Sourcing Management Procure goods, materials, or services from international suppliers Spend Management Track the amount of money spent on a certain product or with a certain supplier Auction Management Allows businesses to create and manage auctions. Invoice Management Captures invoice data and maintains comprehensive records for auditing and reporting purposes Budget Management Forecast, allocate funds, organize financial resources and report & analyze project's income and expenditure Vendor Management Ability to track and store all vendor-related information, such as contacts, services offered, terms, etc. Supplier Management Manage all supplier data and operations Audit Management Plan, schedule, and execute organization's accounts and assets to ensure compliance with policies and laws Document Management Store, manage, and track all electronic documents in a centralized location Procurement Management Organize and manage all processes/procedures involved in purchasing goods and/or services Rfx Management The process of submitting requests for quotes, proposals, information, etc. Supplier Risk Management Identify, assess & manage risks that could arise from working with third-party suppliers to protect against disruptions in supply chain Performance Management Organize and manage the accomplishments and development of employees or performance of applications or systems Compliance Management Track and manage adherence to policies for any service, product, process, or supplier Show More ##### ## Contract Management (3) Compliance Assists with maintaining compliance with controlled processes, automated tracking, and audit trails. Revenue Identifies revenue opportunities by providing better visibility into spend data, improving supplier relationships, streamlining procurement processes, and identifying cost savings opportunities Negotiations Provides organizations with the tools and data they need to negotiate contracts more effectively, such as data analysis, collaboration, and contract management. Show More ##### ## Data Collection (3) Spend Increases spend visibility into pricing and unintended or excessive use of discounts or promotions by customers. Savings Analyzes spending patterns and identifies areas to reduce costs. Customizable Reports Alter the layout and content of reports Show More ##### ## Project Management (3) Activity Dashboard Dashboard to view the status of ongoing processes, identify current incidents and track past activities Repository Manages contracts in a single, online central repository. Lifecycle Manages the entire contract lifecycle process by providing visibility into projects and allocating resources across sourcing initiatives. Show More ##### ## Purchase Requisition and Approval Workflow - Procurement Orchestration (3) Notifcations Notifies users of pending approvals with alerts and notifications Workflows Allows for predefined approval workflows based on roles, departments, or spending limits Purchase Orders Automates the creation, submission, and approval of purchase requisitions Show More ##### ## Supplier Management - Procurement Orchestration (3) Tracking Monitors supplier compliance to guidelines and standards while also managing risks Onboarding Provides tools for suppllier onboarding and assessing their performance Database Maintains a repository for storing and organizing supplier details Show More ##### ## Spend Management - Procurement Orchestration (2) Analysis Uses tools for examining expenditures and generation reports to identify trends Visibility Provides real-time insight into procurement costs within categories, departments or projects Show More ##### ## Compliance and Risk Management - Procurement Orchestration (2) Compliance Automates the enforcement of procurement policies, regulatory requirements, and compliance checks Audits Creates audit trails and reporting for transparency and accountability Show More ##### ## Workflow Automation - Procurement Orchestration (3) Routing Provides onditional routing for purchase approvals, contract reviews, and supplier selection Configuration Allows for flexible workflow configurations to suit specific business needs Approvals Adjusts approval processes based on project, department, or spending thresholds Show More ##### ## Agentic AI - Procurement Orchestration (1) Autonomous Task Execution Capability to perform complex tasks without constant human input Show More ##### ## Agentic AI - SaaS Spend Management (6) Autonomous Task Execution Capability to perform complex tasks without constant human input Multi-step Planning Ability to break down and plan multi-step processes Cross-system Integration Works across multiple software systems or databases Adaptive Learning Improves performance based on feedback and experience Natural Language Interaction Engages in human-like conversation for task delegation Proactive Assistance Anticipates needs and offers suggestions without prompting Show More ##### ## Agentic AI - Purchasing (2) Proactive Assistance Anticipates needs and offers suggestions without prompting Budgeting/Forecasting Create budgets based on historical data and future projections Show More ##### ## Agentic AI - Strategic Sourcing (5) Multi-step Planning Ability to break down and plan multi-step processes Cross-system Integration Works across multiple software systems or databases Adaptive Learning Improves performance based on feedback and experience Third-Party Integrations Set up connections to third-party platforms to improve business processes ERP integration Integrate with existing ERP systems Show More ##### ## Additional Functionality (137) Approval Process Control Manage the process of evaluating documents or requests submitted for approval Collaboration Tools Provides a channel for team members to share media files, communicate, and work together Reporting & Statistics Collection, analysis, and representation of numerical data and generation of reports to understand various patterns Generative AI Use AI to generate content in the form of text, images, videos, etc. API Application programming interface that allows for integration with other systems/databases Access Controls/Permissions Define levels of authorization for access to specific files or systems Order Tracking Track orders throughout the fulfillment process Inventory Control Monitor product stock levels Budgeting/Forecasting Create budgets based on historical data and future projections AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users Real-Time Analytics Analyze and gain insights into data in real-time Spend Analysis Review and uncover trends in spending activity Multi-Currency Manage and handle various international currencies Audit Trail A record of all activities within the system, including user access, changes made, etc. Real-Time Reporting Active reporting of data and metrics Activity Tracking Track and document all activities across devices, networks, and other systems Search/Filter Search and filter data across systems to locate required information by entering keywords or certain criteria Spend Control Set allowances and ensure employees don't spend more than the allotted amounts Data Import/Export Import and export data to and from software applications Alerts/Notifications Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges Invoice Processing Creation, processing, verification, and execution of invoices till the payment is made Receiving Manage all receiving processes within a warehouse Document Storage Store and organize documents in a centralized system Quotes/Estimates Generate quotes or estimates for customers Supplier Web Portal Integrated online platform shared by businesses and their vendors to exchange information/files and collaborate on projects. Supplier Qualification The process of assessing potential suppliers based on required credentials, quality standards, etc. RFP Creation The process of creating a questionnaire and submitting it to prospective vendors. Reminders Timed notification for any upcoming task, deadline, appointment, or activity Self Service Portal Online portal through which end users can access the system, manage tasks, or obtain information Purchasing & Receiving Workflows that help acquire inventory, issue purchase orders and receive and store items in required quantity Risk Assessment Initiate collection and analysis of known risks Approval Process Control Manage the process of evaluating documents or requests submitted for approval Collaboration Tools Provides a channel for team members to share media files, communicate, and work together Reporting & Statistics Collection, analysis, and representation of numerical data and generation of reports to understand various patterns Generative AI Use AI to generate content in the form of text, images, videos, etc. API Application programming interface that allows for integration with other systems/databases Access Controls/Permissions Define levels of authorization for access to specific files or systems Order Tracking Track orders throughout the fulfillment process Inventory Control Monitor product stock levels AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users Real-Time Analytics Analyze and gain insights into data in real-time Spend Analysis Review and uncover trends in spending activity Multi-Currency Manage and handle various international currencies Audit Trail A record of all activities within the system, including user access, changes made, etc. Real-Time Reporting Active reporting of data and metrics Activity Tracking Track and document all activities across devices, networks, and other systems Search/Filter Search and filter data across systems to locate required information by entering keywords or certain criteria Spend Control Set allowances and ensure employees don't spend more than the allotted amounts Data Import/Export Import and export data to and from software applications Alerts/Notifications Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges Invoice Processing Creation, processing, verification, and execution of invoices till the payment is made Receiving Manage all receiving processes within a warehouse Document Storage Store and organize documents in a centralized system Quotes/Estimates Generate quotes or estimates for customers Accounting Integration Integrate with a third-party accounting system Third-Party Integrations Set up connections to third-party platforms to improve business processes Multi-Location Manage and support multiple locations Expense Tracking Monitor and record expenses such as purchases or charges incurred Purchasing Reports Reports that analyze a company's purchasing activities, including purchases made, suppliers used, and expenses incurred Activity Dashboard Dashboard to view the status of ongoing processes, identify current incidents and track past activities Customizable Reports Alter the layout and content of reports Real-Time Data Receive data and information in real time Reminders Timed notification for any upcoming task, deadline, appointment, or activity Activity Tracking Track and document all activities across devices, networks, and other systems Invoice Processing Creation, processing, verification, and execution of invoices till the payment is made Accounting Integration Integrate with a third-party accounting system Categorization/Grouping Organize and group data or items based on various criteria Reporting & Statistics Collection, analysis, and representation of numerical data and generation of reports to understand various patterns Configurable Workflow Configure existing workflows to meet your organization's needs Spend Analysis Review and uncover trends in spending activity Expense Tracking Monitor and record expenses such as purchases or charges incurred Third-Party Integrations Set up connections to third-party platforms to improve business processes Accounting Built-in accounting to manage ledger, accounts payable/receivable, financial reports, etc. Audit Management Plan, schedule, and execute organization's accounts and assets to ensure compliance with policies and laws Approval Workflow Route documents and other data through one or more stakeholders for review and approval AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users Supplier Management Manage all supplier data and operations Invoice Management Captures invoice data and maintains comprehensive records for auditing and reporting purposes Billing & Invoicing Create, manage, and send invoices or bills to customers Transaction History Record of all transactions such as purchases, deposits, withdrawals and transfers within a specific period Purchase Order Management Create, send, and track purchase orders and their statuses Audit Trail A record of all activities within the system, including user access, changes made, etc. Generative AI Use AI to generate content in the form of text, images, videos, etc. Expense Claims Attaching relevant receipts or supporting documents to submit expenses for reimbursement Workflow Management Create, design and manage workflows for repetitive tasks Time & Expense Tracking Log and record hours worked and costs spent to assist in billing and invoicing Multi-Currency Manage and handle various international currencies Vendor Management Ability to track and store all vendor-related information, such as contacts, services offered, terms, etc. Procurement Management Organize and manage all processes/procedures involved in purchasing goods and/or services Credit Card Management Financial system that helps create and manage physical/digital credit cards and track transaction activities Compliance Management Track and manage adherence to policies for any service, product, process, or supplier Requisition Management Review, approve and cancel requests for goods/services to be purchased Customizable Reports Alter the layout and content of reports Ad hoc Reporting Generate one-off reports that meet information requirements Financial Management Plan, manage, and track the financial activities of an individual or organization API Application programming interface that allows for integration with other systems/databases Rules-Based Workflow Automates and streamlines business processes by creating a sequence of predefined rules and actions that govern the flow of work Receipt Management Upload, track, and submit receipts in a central database Activity Dashboard Dashboard to view the status of ongoing processes, identify current incidents and track past activities Purchasing & Receiving Workflows that help acquire inventory, issue purchase orders and receive and store items in required quantity Generative AI Use AI to generate content in the form of text, images, videos, etc. Billing & Invoicing Create, manage, and send invoices or bills to customers Customizable Templates Pre-designed layouts that can be customized to match preferences and requirements User Management Manage user accounts, profiles, roles, permissions, and other details across applications, devices or networks Invoice Processing Creation, processing, verification, and execution of invoices till the payment is made Onboarding Process of familiarizing new clients, stakeholders or employees with the company, a new location, or a service Search/Filter Search and filter data across systems to locate required information by entering keywords or certain criteria Sourcing Management Negotiate best prices and choose the right vendor for various purchases Vendor Master Data Management Create and maintain quality vendor data through data validation, maintenance, and audit trails to ensure proper compliance and sourcing Procurement Management Organize and manage all processes/procedures involved in purchasing goods and/or services Reporting & Statistics Collection, analysis, and representation of numerical data and generation of reports to understand various patterns Document Management Store, manage, and track all electronic documents in a centralized location Project Management Plan and coordinate all the resources, costs and time needed to execute assignments Data Visualization Graphical representation of data Access Controls/Permissions Define levels of authorization for access to specific files or systems Transaction History Record of all transactions such as purchases, deposits, withdrawals and transfers within a specific period Risk Assessment Initiate collection and analysis of known risks Activity Dashboard Dashboard to view the status of ongoing processes, identify current incidents and track past activities Real-Time Data Receive data and information in real time Alerts/Notifications Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges Offboarding Closing out contracts by reviewing contract/project completion, finalizing payments, and ensuring terms and compliance as been achieved AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users Self Service Portal Online portal through which end users can access the system, manage tasks, or obtain information Audit Management Plan, schedule, and execute organization's accounts and assets to ensure compliance with policies and laws Collaboration Tools Provides a channel for team members to share media files, communicate, and work together API Application programming interface that allows for integration with other systems/databases Approval Process Control Manage the process of evaluating documents or requests submitted for approval Vendor Payment Process payment to vendor(s) for goods/services received Third-Party Integrations Set up connections to third-party platforms to improve business processes Performance Metrics A set of indicators that tracks the performance of networks, applications, systems, teams, etc. Purchase Order Management Create, send, and track purchase orders and their statuses Contract/License Management Track, store, and access client contracts or licenses Data Import/Export Import and export data to and from software applications Single Sign On Allow users to access multiple services after entering their login credentials once Workflow Management Create, design and manage workflows for repetitive tasks Compliance Management Track and manage adherence to policies for any service, product, process, or supplier Task Management Create, manage and track all task activities and progression Show More ## Top-Rated Alternatives [ ![Spendflo](https://images.g2crowd.com/uploads/product/hd_favicon/17721f465ab312a6df808827233bde85/spendflo.svg "Spendflo") Spendflo 4.6/5(143) ](https://www.g2.com/products/spendflo/reviews) [ ![Vertice](https://images.g2crowd.com/uploads/product/hd_favicon/7e36f8d8caea74a224d58a6d022aead0/vertice.svg "Vertice") Vertice 4.6/5(261) 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