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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 Planergy?

Established in 2009, Planergy Spend Management is headquartered in both Boston and Dublin, with additional offices located in the UK, Serbia, and Poland, assisting over 1,000 companies globally to manage more than $12 billion in business expenditures. As a comprehensive Spend Management platform, Planergy empowers mid-market organizations across various sectors to confidently oversee their business spending. Its user-friendly interface facilitates a swift onboarding process, typically taking weeks rather than months. By automating the entire Procure-to-Pay and Accounts Payable processes, Planergy provides immediate access to real-time reporting dashboards, streamlines approval workflows, alleviates bottlenecks, and enhances budget management through effective matching of purchase orders with receiving and AP automation. Moreover, Planergy generates substantial savings by transitioning the Procure-to-Pay automation process to a digital format, which helps eliminate rogue purchasing, reduces off-contract buying, curbs invoice fraud, and strengthens compliance and accountability. The AP automation feature can cut down processing time by as much as 80%, efficiently matching purchase orders, deliveries, and vendor invoices through advanced technologies like OCR, machine learning, and artificial intelligence. Schedule a discovery call now to uncover the potential savings that Planergy can offer your business. By taking this step, you may find yourself impressed with the cost efficiencies that await you.

Media

Media

Integrations Supported

Integrations Supported

Exact
Exchequer
HxGN EAM
Jiva
MYOB AccountRight
Microsoft Dynamics GP
Okta
OneLogin
Oracle Virtual Cloud Network
QuickBooks Online
QuickBooks Online Advanced
SAP Analytics Cloud
Sage 100 Contractor
Sage 200
Sage 50
Sage Intacct
Twinfield
Xero

API Availability

API Availability

Has API

Pricing Information

$3,750 per month

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
Linux

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Online Training

Training Options

Documentation Hub
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

Planergy

Date Founded

2009

Company Location

United States

Company Website

planergy.com

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

Accounts Payable

Approval Process Control
Cash Management
Duplicate Payment Alert
Fraud Detection
Vendor Management

AP Automation

Not specified

Procure to Pay

Budgeting / Forecasting
Compliance Management
Financial Reporting
Integration Management
Inventory Management
Order Management
Vendor Management

Procurement

Asset Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Purchasing

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

Spend Management

Not specified

Vendor Management

Audit Management
Contact Management
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Managed Inventory

Popular Alternatives

Popular Alternatives

Digital Purchase Order (DPO) Reviews & Ratings

Digital Purchase Order (DPO)

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