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Hot off the press! This is where you’ll find Tropic’s latest announcements and all the buzz we’re making out in the wild.

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The Tropic Scoop

New Survey: 86% of Finance Leaders Plan Major AI Investment by 2026 as Tropic Unveils Five Procurement Agents

By 2026, 86% of finance leaders will implement or scale AI initiatives, reflecting major investment. Tropic introduces five AI procurement agents to address this trend by streamlining spending, contracts, and supplier relationships. While operational efficiency drives AI adoption, demonstrating ROI is critical for successful scaling and commitment.

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84% of Finance Leaders Say Spend Management Accelerates Digital Transformation, with 78% Linking It to Revenue Increases

A new report from Tropic and CFO Dive shows that 99% of finance leaders using spend management tools report increased efficiency, with 84% finding it crucial for accelerating digital efforts. Despite its clear ROI and impact on growth, many companies remain hesitant to invest, prioritizing other software at a 3:1 rate.

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Tropic Elevates Spend Management with a Unifying AI Solution that Delivers Control, Visibility, and Cost Savings

Tropic is on a mission to simplify spend management with an AI solution that unifies data, streamlines workflows, and delivers actionable insights. Save time, reduce costs, and drive growth with smarter, more efficient tools.

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Software Spending Is Up, Prices Are Rising, and AI Is Changing the Game

Software spending surged 10% in 2024, fueled by AI innovations that are reshaping the market and driving price increases. New research reveals key software buying trends and strategies for businesses to navigate this dynamic landscape and optimize spending in 2025.

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In the News

Justin Etkin, COO of Tropic, discusses the strategic evolution of procurement, emphasizing its potential as a growth lever beyond mere cost savings, and explores the impact of AI and negotiation best practices.

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Bradley Chambers talks with Tropic CFO Russell Lester about today’s SaaS tool sprawl problem, how it impacts finance, and how it impacts IT security

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Tropic’s Erika Baker dissects transitioning from services to product, highlighting the challenges and opportunities involved. The conversation offers valuable lessons and a realistic perspective for product leaders considering or currently navigating this shift, covering topics like org design and delivery models.

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Russell Lester, CFO of Tropic, discusses how finance leaders can identify and eliminate "spoilage"—wasted capital—and instead find "levers" for growth, with CJ Gustafson. He emphasizes the CFO's role in actively seeking out opportunities and using a "center of the table" framework to redeploy capital effectively.

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