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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

Tropic’s Code of Ethics makes Tropic feel like a true extension of our finance and procurement team. We’re able to delegate to Tropic as if they’re an internal subject matter expert, ultimately leading to a more effective and efficient procurement process.

Jeremy Klein

Senior Director of Finance Operations

Jeremy Klein

Senior Director of Finance Operations

Since introducing Tropic to our business, we have been able to work with their team to create a source of truth for all elements of our tool stack including spend, renewals, and overlap. This has saved us an exceptional amount of time and money.

Heather Scheel

Senior Systems Program Manager

Heather Scheel

Senior Systems Program Manager

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

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

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

I love hopping into the dashboard and seeing the dollar value of savings that we’ve achieved with Tropic. Tropic really is a no-brainer, it pays for itself multiple times over.

Steve McMullen

General Manager

Steve McMullen

General Manager

I really liked that once I submitted my Tropic ticket, I was able to get back to doing my job and didn't spend hours with legal and sales folks and bringing in additional managers... Tropic just handled everything for me while ensuring we got competitive and fair pricing.

User in Computer & Network Security

User in Computer & Network Security

Tropic is helping us negotiate new contracts and understand if we are getting a good deal or not. This helps us save time and money.

User in Hospital & Health Care

User in Hospital & Health Care

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

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

They can provide proactive insight into a market most internal employees don't have the time to understand. They act as partners, not as vendors.

User in Think Tanks

User in Think Tanks

We were unable to get a good summary of all our contracts, their renewal dates, costs, and comparisons to market rates. It's been a life saver as a growing company that is trying to accommodate expanded software tool usage, but don't have the resources to coordinate and control them all.

User in Computer Software

User in Computer Software

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

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

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

I like that Tropic easily offers insights from their unbiased marketplace along with discounts I couldn't get anywhere else. Because they don't take any kickbacks or incentives, I'm confident that Tropic is working in our best interest to get us the best deal.

Coulter King

Chief Operating Officer

Coulter King

Chief Operating Officer

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

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

As a Tropic user, and buyer of a lot of SaaS tools, no company come anywhere as close to Tropic on listening to the customer, really caring and following through with meaningful feedback and customer driven platform development.

J.B. Snodgrass, CPA

VP, Financial and Sales Operations, Procurement

J.B. Snodgrass, CPA

VP, Financial and Sales Operations, Procurement

To have one URL that we can publish internally and that takes care of any purchase requests saves us a tremendous amount of time.

Nick Zaharchuk

AVP of Finance

Nick Zaharchuk

AVP of Finance

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

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

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

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

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