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What is Tropic?

Various organizations, from budding startups to well-established Fortune 500 companies, utilize Tropic to manage their purchasing processes, unlock cost efficiencies, and turn software spending into a strategic advantage. Financial executives choose Tropic because of our dedication to generating savings and ensuring a favorable return on investment. At the same time, IT leaders value our strong emphasis on compliance and risk management, while procurement professionals appreciate our focus on optimizing processes, effectively acting as an extension of their teams. By leveraging benchmark data on critical vendors, you can significantly boost your operational efficiency. Entrusting us with your software purchases and renewals not only saves you time and money but also enhances compliance within your procurement activities, simplifying the management of SaaS solutions. Given that software acquisitions and renewals happen frequently, they can distract from more pressing responsibilities. The uncertainty surrounding pricing structures, the intricacies of contracts, and the presence of multiple stakeholders with differing priorities complicate the renewal process even further. By refining this system, you can redirect your attention toward what is truly essential for your organization, ensuring that your strategic goals are met with greater clarity and focus. Ultimately, embracing this streamlined approach can lead to a more agile and responsive procurement function.

What is IBM Apptio?

IBM Apptio combines financial and operational data into a unified model that follows a widely recognized cost categorization. Utilizing sophisticated allocation rules alongside specific metrics and key performance indicators (KPIs), the platform enables organizations to tackle essential questions related to their investments, while also enhancing their budgeting and forecasting processes. This functionality improves the ability of companies to articulate the rationale behind their investments and any deviations from their established plans to stakeholders and leadership teams, ultimately helping to pinpoint possibilities for refining cost structures, reducing risks, and promoting growth. Moreover, viewing IT expenses—both historical and anticipated—in a structured manner based on a proven framework paves the way for quicker ad hoc analyses and more efficient budgeting cycles. By reducing overall IT expenditures through the minimization of waste, removal of redundancies, and alignment of spending with strategic objectives, organizations can substantially lessen the time needed for forecasting. This strategy not only boosts the frequency of updates but also liberates resources, allowing companies to concentrate on high-value projects that contribute to sustainable success, thereby ensuring that businesses remain agile in the face of changing market conditions.

Media

Media

Integrations Supported

Atlassian Clover
BMC AMI Capacity and Cost
Capgemini Intelligent Automation Platform
Clarity by Rego
DXC Cloud
Datadog
Decimal
Fidelis Halo
Flexera One
Google Cloud Platform
IBM Targetprocess
Microsoft Azure
Planview Daptiv
Planview Hub
SAP Cloud Platform
Tableau
TelStrat QM
VMware Cloud
Wipro Promax
ZoneBilling

Integrations Supported

Atlassian Clover
BMC AMI Capacity and Cost
Capgemini Intelligent Automation Platform
Clarity by Rego
DXC Cloud
Datadog
Decimal
Fidelis Halo
Flexera One
Google Cloud Platform
IBM Targetprocess
Microsoft Azure
Planview Daptiv
Planview Hub
SAP Cloud Platform
Tableau
TelStrat QM
VMware Cloud
Wipro Promax
ZoneBilling

API Availability

Has API

API Availability

Has API

Pricing Information

$3,750 per month
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Tropic

Date Founded

2019

Company Location

United States

Company Website

tropicapp.io

Company Facts

Organization Name

IBM

Date Founded

1911

Company Location

United States

Company Website

www.apptio.com/products/ibm-apptio/

Categories and Features

Cloud Cost Management

Cost Reduction Optimization
Dashboard
Data Import/Export
Data Storage
Data Visualization
Resource Usage Reporting
Roles / Permissions
Spend and Cost Reporting

Purchasing

Catalog Management
Compliance Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Spend Management

Approval Workflow
Budgeting / Forecasting
Expense Tracking
Multi-Currency
Prepaid Cards
Procurement Management
Receipt Management
Spend Analysis
Spend Control
Supplier Management

Categories and Features

Cloud Cost Management

Cost Reduction Optimization
Dashboard
Data Import/Export
Data Storage
Data Visualization
Resource Usage Reporting
Roles / Permissions
Spend and Cost Reporting

SaaS Management

License Management
Onboarding
Renewal Management
SaaS Operations Management
Shadow IT Detection
Spend Management
Subscription Management
Usage Tracking / Analytics
Vendor Management

Spend Management

Approval Workflow
Budgeting / Forecasting
Expense Tracking
Multi-Currency
Prepaid Cards
Procurement Management
Receipt Management
Spend Analysis
Spend Control
Supplier Management

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