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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 Asato?

Asato is a cutting-edge cloud platform aimed at optimizing IT assets, specifically tailored for CIOs and IT teams managing technology in large organizations. By seamlessly integrating a range of systems, including identity management, human resources, SaaS, device management, service management, security, finance, procurement, and contracts, Asato constructs a detailed asset knowledge graph that links applications and equipment to their respective users, owners, usage statistics, agreements, and associated costs. Utilizing features like dashboards and the Asato Halo, teams can effectively uncover idle software licenses, spot unused or unauthorized applications, recognize inactive hardware, and keep track of upcoming renewals and AI-related expenses. The platform also provides actionable insights, including pricing suggestions and the identification of responsible owners for each asset. Teams have the capability to assess and authorize various actions, such as reclaiming licenses, modifying plans, or preparing for renewals, with all actions meticulously logged and communicated back through the connected systems where feasible. This robust solution not only bolsters CIOs and IT leaders but also engages departments like finance, procurement, and asset management, showing its versatile applications in industries such as healthcare, public service, and financial services. Ultimately, Asato ensures thorough oversight of IT assets across various sectors, enabling organizations to maximize efficiency and reduce unnecessary costs.

Media

Media

Integrations Supported

Integrations Supported

ControlUp
Coupa
Freshservice
Ironclad
JumpCloud
NetSuite
Netskope
Okta
ServiceNow
Zscaler

API Availability

API Availability

Pricing Information

$3,750 per month

Pricing Information

Subscription pricing is tailored to the customer and includes a performance-linked fee based on identified savings. The fee varies with realized savings; no fee applies when no savings are identified.

Supported Platforms

SaaS

Supported Platforms

SaaS
On-Prem

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Online Training

Training Options

Not specified

Company Facts

Organization Name

Tropic

Date Founded

2019

Company Location

United States

Company Website

tropicapp.io

Company Facts

Organization Name

Asato

Date Founded

2023

Company Location

United States

Company Website

www.asato.ai/

Categories and Features

Cloud Cost Management

Not specified

Purchasing

Not specified

Renewal Management

Not specified

SaaS Spend Management

Not specified

Shadow IT Discovery

Not specified

Spend Management

Not specified

Categories and Features

AI Usage Control

Not specified

IT Asset Management

Not specified

SaaS Management

Not specified

SaaS Spend Management

Not specified

Popular Alternatives

Popular Alternatives

No Alternatives