Buying software can be complicated and expensive—especially for businesses with limited procurement resources.
That’s where Tropic comes in. In a commissioned Total Economic Impact™ study conducted on behalf of Tropic released this month, Forrester Consulting evaluated the potential benefits of using the end-to-end spend management platform, Tropic.
The results were considerable. Companies that used Tropic were able to negotiate lower prices with vendors and reduce their overall software spend. In total, a composite organization representative of interviewed customers saw a 400% return on investment, more than $76,000 total in productivity improvement, and more than $665,000 present value in SaaS contract savings over three years.
As organizations scale, they tend to lose visibility into their tech stack, which can result in unnecessary auto-renewals and difficulty negotiating vendor prices. By implementing a solution, like Tropic, companies can gain more visibility and control over software and other purchases, which can lead to significant cost savings.
Check out the full study here.
Buying software can be complicated and expensive—especially for businesses with limited procurement resources.
That’s where Tropic comes in. In a commissioned Total Economic Impact™ study conducted on behalf of Tropic released this month, Forrester Consulting evaluated the potential benefits of using the end-to-end spend management platform, Tropic.
The results were considerable. Companies that used Tropic were able to negotiate lower prices with vendors and reduce their overall software spend. In total, a composite organization representative of interviewed customers saw a 400% return on investment, more than $76,000 total in productivity improvement, and more than $665,000 present value in SaaS contract savings over three years.
As organizations scale, they tend to lose visibility into their tech stack, which can result in unnecessary auto-renewals and difficulty negotiating vendor prices. By implementing a solution, like Tropic, companies can gain more visibility and control over software and other purchases, which can lead to significant cost savings.
Check out the full study here.
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