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Tropic vs. Ramp

Tropic and Ramp both offer spend management platforms with features to help you manage procurement, organize renewals, and access SaaS price benchmarks.

What is the difference between Tropic and Ramp?

The short answer: Tropic’s intelligent spend management platform provides a greater breadth and depth of commercial intelligence, paired with a feature-rich procurement platform built for the needs of Finance, Procurement, Accounting, and every stakeholder involved in purchasing.  

Both Tropic and Ramp provide platforms that help organizations control and reduce spend through automated workflows and approvals, renewal management solutions, and commercial intelligence. 

Ramp has invested the majority of their time in building solutions for expense management, corporate cards, and accounts payable automation. Recently, they’ve added a procurement orchestration offering that provides lightweight workflow capabilities and limited commercial intelligence for SaaS benchmarks. 

On the other hand, Tropic is focused on being the leader in automated intake to procure and supplier intelligence. Our years of expertise in solving challenges for Finance, Procurement, and Accounting have helped us build a robust platform that works for every stakeholder throughout the procurement process, and delivers SaaS benchmarks and negotiation playbooks backed by $10 billion in managed spend.

While Ramp provides a lightweight solution for finance professionals, Tropic provides a robust platform that centralizes activity for every procurement stakeholder. 

Greater Breadth and Depth of SaaS Price Benchmarks

Only Tropic provides price benchmarks for over 300 suppliers, maximizing the ROI of your SaaS purchases. Our relevant, unbiased, self-serve price data gives you a true comparison of your price compared to your peer set. 

Ramp, on the other hand, provides benchmarks for a significantly smaller number of suppliers. If you’re relying on Ramp, you may often find that you’re left without benchmarks to reference. 

Supplier-Specific Negotiation Playbooks

Negotiating with suppliers can be frustrating, especially with minimal data. Most organizations don’t have the time or insider-knowledge to build custom strategies for every negotiation, which leads to wasted time on low-impact negotiations and less bandwidth to focus on more impactful negotiations.

Only Tropic provides supplier-specific negotiation playbooks that give you the strategies and tactics that work on your key suppliers. Our playbooks make you more effective and efficient when you negotiate, so you can drive more savings and better outcomes.

Centralized Activities for Every Stakeholder

Tropic is built to automate and unify your buying process, which means we need to work for all of your stakeholders. Our supplier portal, renewal tracking, integrations, and broad workflow capabilities ensure that all of your stakeholders gain improved visibility through the Tropic Intelligent Spend Management platform. 

By centralizing activities and unifying your systems, Tropic makes it easy to actually control your spend. 

Intuitive Renewal Management

Tropic is the leader in renewal management, providing you with alerts that can be customized by supplier, a robust & comprehensive renewal calendar, and automated reminders via Tropic, email, or Slack integration. Tropic ensures a renewal never slips through the cracks, so you can avoid unnecessary overspend and unwanted contract extensions. 

Tropic
Ramp
Control & Visibility
Intake
Workflows & Approvals
Contract Management
Renewal Management
Slack Integration
Multi-Currency Support
ERP Integration
HRIS Integration
Spend Reporting
Contract vs Actuals Analysis
Utilization tracking
Shadow Spend Detection
Audit Logs
Leverage
Price Benchmarks
Negotiation Strategies & Tactics
Negotiation Confidence Indicators
Market & Competitive Landscape
Segmented Supplier Data

Our Customers

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Name Surname

Position, Company name

Name Surname

Position, Company name

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Name Surname

Position, Company name

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Name Surname

Position, Company name

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Name Surname

Position, Company name

Supplier Intelligence has been invaluable in helping us make informed and timely decisions on our software purchases. I regularly reference Tropic’s price benchmarks and negotiation playbooks to get an understanding of the competitive landscape and where our terms stack up.

Cameron Davis

Director of Procurement

Cameron Davis

Director of Procurement

It gives us a game plan to go in and effectively get what we want. Having that detail helps me really understand what am I being uplifted by and what’s happening to the rate.

J.B. Snodgrass, CPA

VP, Financial and Sales Operations, Procurement

J.B. Snodgrass, CPA

VP, Financial and Sales Operations, Procurement

Tropic has been one of the highest ROI initiatives we’ve ever deployed on the finance team at Zapier, they are true partners to us, and it’s been amazing watching them release better and better technology to help Zapier save money.

Ryan Roccon

VP of Finance

Ryan Roccon

VP of Finance

If you have a lot of cross-functional reviews, Tropic makes it easy to build out workflows. It’s not over-engineered so you can take a rightsized approach to procurement.

Silver Wade

Senior Manager, Procurement

Silver Wade

Senior Manager, Procurement

Tropic clearly shows where a deal is in the workflow and is the source of truth our vendor contracts. Easy to use and implement.

Dillion Jacobson

Dillion Jacobson

We manage 100% of our spend with Tropic and consistently been impressed by their ability to step in and be an extension of the Rightway team.

Xavier Del Rosario

VP of Finance & BizOps

Xavier Del Rosario

VP of Finance & BizOps

Apart from the platform itself, which I find incredibly intuitive and versatile - and the fact it completely changed how we manage Contracts - my favorite thing about Tropic has honestly been the Customer Service. Probably the best support I've ever received, beginning from our introductory meeting, then onboarding and training support, to just day-to-day issues that come up.

Tanner J.

Senior accountant

Tanner J.

Senior accountant

For budget planning purposes, my team uses Tropic as a source of truth for our contracts, showing us where we’ve made investments so we can properly allocate resources in the future.

Tyler Toft

Senior Finance Manager

Tyler Toft

Senior Finance Manager

From the perspective of IT and security, we needed something that could help keep software purchasing under control … something that could help with contracts, contract isolation, management, lifecycle, renewals, and visibility.

Daniel Brundige

VP of IT

Daniel Brundige

VP of IT

SaaS procurement and renewals can take up a ton of time for "owner" of each software tool. Tropic frees up time to work on more pressing needs. And they help reduce overall spend.

User in Computer Software

User in Computer Software

Tropic helps keep track of all of our SaaS services. It visually keeps your team accountable to be on top of their contracts so that things don't just automatically renew.

Ariel Nahmias

VP of Finance

Ariel Nahmias

VP of Finance

Great UX; knowledgeable team members; great response time and partnership, really feels like an extension of the team. [Tropic is] saving tons of time as well as physical dollars on contracts.

Jeremy Klein

Senior Director, Finance Operations & Transformation

Jeremy Klein

Senior Director, Finance Operations & Transformation

As an IT Manager, I have a small team and do not have the resources to dedicate time to negotiations for SaaS spend for each vendor. Tropic helps take that off my plate and prevents the need to onboard a procurment role specifically to reduce our annual spend.

Chris Mullins

Chris Mullins

Tropic lowers our anxiety level that we are going to miss something. Tropic manages those purchases and renewals with an innate understanding of the specifics around the tool and type of usage we need.

Dan Hartz

Procurement and Logistics Manager

Dan Hartz

Procurement and Logistics Manager

It's allowing us to see all of our SaaS spend management in one place for easier management. We can see the renewal dates and opt-out dates that allow us to keep better track of what needs to be done and when. Tropic is great for keeping everything streamlined and getting us deals.

User in Information Technology and Services

User in Information Technology and Services

I like that it easily helped us consolidate and manage our tech stack and spending. Previously the ownership and renewal management of our tech stack was complicated, and there were certain products we weren't even sure we were using. Tropic has helped us gain control of that process.

User in Computer Software

User in Computer Software

We've saved 20% on our software spend and countless hours of time. We don't have to worry about procurement at all anymore now that we use Tropic.

Matt Weiler

CFO

Matt Weiler

CFO

Without Tropic, procurement would’ve come to a screeching halt at RainFocus because of limited internal personnel. The platform is good, but the people are great. Tropic offers well-managed service, and I get responses in a timely manner.

Brandon Bailey

VP Strategic Financial and People Operations

Brandon Bailey

VP Strategic Financial and People Operations

Tropic has enabled our company to get our current software spend under complete visibility and control and craft an invaluable workflow for acquiring new vendors and services. Super happy with the platform and team thus far.

Sam Good

Sam Good

It's a very intuitive platform that can adds value across in multiple areas across the Procurment spectrum (spend management, requisition/workflow, renewal planning, contract management), but doesn't force you to do everything at once.

Kyle H

VP, Global Procurement

Kyle H

VP, Global Procurement

Tropic is a great tool to organize, manage and (most importantly) get the best rates on your tech spend. I have used it for over a year and it was able to take us from little management of spend to complete organization.

Brian McGartoll

Brian McGartoll

Drive savings and efficiency at any stage

Discover why hundreds of companies choose Tropic to gain visibility and control of their spend.