SaaS management and spend data under one roof
Understanding the spend lifecycle can be difficult with employees and departments purchasing SaaS subscriptions without centralized coordination. In fact, most companies have to log in to three different tools just to keep track of everything.
Tropic’s supplier profiles hold everything about a supplier—approval timeline, contracts, POs, security documents, SaaS usage, budgets, and much more. With Tropic’s NetSuite integration, you can add transactions and actual spend to that list, creating a 360° into every supplier.
Mapped suppliers will auto-sync in real-time.
Generate and sync purchase orders
Requests are handled automatically through approval workflows. Once a request passes the proper approvals, a workflow can generate a purchase order and push it directly into NetSuite.
Monitor expected vs actual vs budgeted spend
Software costs can change and add up quickly. We’ll track actual costs alongside contract values and budgets. Get a notification when transactions approach or exceed the expected amounts.
Give teams access to spend data
NetSuite access is often limited to financial stakeholders given the sensitive data stored in it. Tropic removes the manual burden on accounting to pull reports. Give department heads, operations teams, and key stakeholders the ability to view reports and spend data across the tools they own.
Be confident that every dollar is accounted for
Map NetSuite transactions to Tropic suppliers to create an aggregate view of spend. Mapped suppliers will auto-sync in real-time.
Put an end to rogue spend
See a view of every transaction in Tropic, including transactions that don’t map to any of your known suppliers. Automatically create supplier profiles for every supplier and match every transaction, giving you a view into purchases made outside your process.
Gathering all spend in one place gives you greater visibility into unapproved transactions and undocumented supplier agreements, empowering you to wrangle in rogue spend.