Tropic Features
What are the features of Tropic?
Tracking
- Spend Tracking
- SaaS Utilization Tracking
Management
- Contract Management
- Application Catalog
- Dashboards and Visualizations
- Approval
- Communication
Insights
- Recommendations
- Spend Forecasting and Optimization
- Peer Benchmarking
- Reporting
Planning
- Processses
- Contracts
Execution
- Purchasing
Analytics
- Visibility
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Tropic Categories on G2
Filter for Features
Revenue Recognition
Usage Tracking | Track usage per company, custom time period, or contract This feature was mentioned in 27 Tropic reviews. | 77% (Based on 27 reviews) | |
Deferred Revenue | Track payments received for products that haven't be delivered yet 23 reviewers of Tropic have provided feedback on this feature. | 58% (Based on 23 reviews) | |
Revenue Accrual | Recognition rules to accrue revenue on a daily or monthly basis This feature was mentioned in 24 Tropic reviews. | 54% (Based on 24 reviews) |
Tracking
Spend Tracking | Provides ability to track and/or map spending on all tools across departments with little to no manual entry. This feature was mentioned in 59 Tropic reviews. | 85% (Based on 59 reviews) | |
SaaS Utilization Tracking | Continuously tracks the number of licenses in use and how often they are being utilized. Tracks usage internally or through integrated applications. 51 reviewers of Tropic have provided feedback on this feature. | 66% (Based on 51 reviews) |
Management
Contract Management | Provides administrative features to renew, track pricing, analyze terms, and outline expiration dates for SaaS contracts. This feature was mentioned in 61 Tropic reviews. | 92% (Based on 61 reviews) | |
Application Catalog | Allows companies to select a wide variety of applications to track and manage. This feature was mentioned in 48 Tropic reviews. | 77% (Based on 48 reviews) | |
Dashboards and Visualizations | Based on 53 Tropic reviews. Presents information and analytics in a digestible, intuitive, and visually appealing way. | 82% (Based on 53 reviews) | |
Approval | Based on 28 Tropic reviews. Use criteria to add or remove suppliers to/from approved lists. | 88% (Based on 28 reviews) | |
Communication | Manage communications with suppliers on multiple channels such as phone or email. 30 reviewers of Tropic have provided feedback on this feature. | 86% (Based on 30 reviews) | |
Documents | Capture and maintain documents related to suppliers and their products or services. 27 reviewers of Tropic have provided feedback on this feature. | 91% (Based on 27 reviews) | |
Receipt of Goods | Based on 27 Tropic reviews. Compare goods received with purchase orders and document variations | 64% (Based on 27 reviews) |
Insights
Recommendations | Based on 48 Tropic reviews. Provides recommendations on how to improve your use of existing SaaS tools and recommendations on new SaaS tools | 78% (Based on 48 reviews) | |
Spend Forecasting and Optimization | Ability to project spend based on contracts signed. Identifies redundant transactions and unnecessary costs. 48 reviewers of Tropic have provided feedback on this feature. | 80% (Based on 48 reviews) | |
Peer Benchmarking | Facilitates the comparison of your software products, costs, sentiment, and/or utilization to that of peer companies This feature was mentioned in 46 Tropic reviews. | 76% (Based on 46 reviews) | |
Reporting | Creates reports outlining application utilization, cost, user sentiment, and/or functional overlap. This feature was mentioned in 50 Tropic reviews. | 77% (Based on 50 reviews) |
Setup
Data | Consolidates procurement data from multiple systems such as ERP systems and supply chain suites. 19 reviewers of Tropic have provided feedback on this feature. | 78% (Based on 19 reviews) | |
Approvals | As reported in 20 Tropic reviews. Define rules and workflows that managers can use to approve different kinds of spending. | 94% (Based on 20 reviews) | |
Alignment | Align spending across various departments such as procurement and accounting. This feature was mentioned in 19 Tropic reviews. | 88% (Based on 19 reviews) |
Performance
KPIs | Provide standard spend KPIs that can be customized by users. This feature was mentioned in 19 Tropic reviews. | 82% (Based on 19 reviews) | |
Benchmarks | Use historical spend data to create benchmarks per company or department. 20 reviewers of Tropic have provided feedback on this feature. | 83% (Based on 20 reviews) | |
Forecasting | Provide forecasts on future trends that may impact spending performance. This feature was mentioned in 18 Tropic reviews. | 81% (Based on 18 reviews) | |
Savings | Identify savings opportunities per activity, department, or at the company level. This feature was mentioned in 20 Tropic reviews. | 91% (Based on 20 reviews) |
Planning
Processses | As reported in 28 Tropic reviews. Manage workflows and business processes for procurement. | 84% (Based on 28 reviews) | |
Contracts | Provide standard procurement contracts that can be customized. This feature was mentioned in 29 Tropic reviews. | 88% (Based on 29 reviews) | |
Content | Maintain a repository of content such as catalogs and other documents. 27 reviewers of Tropic have provided feedback on this feature. | 82% (Based on 27 reviews) | |
Requisition | Define requisition rules for various types of procurement 27 reviewers of Tropic have provided feedback on this feature. | 83% (Based on 27 reviews) |
Invoice Management
Capture | Based on 25 Tropic reviews. Provide features to capture and record invoices, such as import or scanning | 65% (Based on 25 reviews) | |
Supplier Portal | As reported in 26 Tropic reviews. Allow suppliers to submit invoices using an online portal | 65% (Based on 26 reviews) | |
Repository | Based on 26 Tropic reviews. Deliver a central repository of AP documents, such as POs and invoices | 72% (Based on 26 reviews) |
Supplier Management
Evaluation | Based on 26 Tropic reviews. Allows users to evaluate supplier performance using standard and custom KPIs. | 75% (Based on 26 reviews) | |
Selection | Based on 26 Tropic reviews. Provide features to compare suppliers and choose the best option for various activities. | 76% (Based on 26 reviews) | |
Risk Management | Based on 26 Tropic reviews. Identify potential issues and how they may impact relationships with suppliers. | 62% (Based on 26 reviews) |
Execution
Sourcing | Identify and assess suppliers for different products and services. This feature was mentioned in 26 Tropic reviews. | 71% (Based on 26 reviews) | |
Purchasing | Electronically create and manage purchase orders for products and services. 28 reviewers of Tropic have provided feedback on this feature. | 77% (Based on 28 reviews) | |
Invoicing | Based on 27 Tropic reviews. Include features for procurement invoicing and e-invoicing. | 57% (Based on 27 reviews) |
Invoice Processing
Matching | Ability to match AP invoices to POs, contracts, or payments This feature was mentioned in 26 Tropic reviews. | 60% (Based on 26 reviews) | |
Payments | As reported in 26 Tropic reviews. Identify incomplete or late supplier payments | 58% (Based on 26 reviews) | |
Workflows | Include workflows for approvals and invoice processing This feature was mentioned in 28 Tropic reviews. | 73% (Based on 28 reviews) | |
Tax Compliance | Comply with local and global tax regulations for collections This feature was mentioned in 26 Tropic reviews. | 61% (Based on 26 reviews) | |
Submittal | Electronically submit invoices to buyers This feature was mentioned in 26 Tropic reviews. | 67% (Based on 26 reviews) |
Supplier Information
Profiles | Create and manage supplier profiles that include contact and pricing information. 25 reviewers of Tropic have provided feedback on this feature. | 70% (Based on 25 reviews) | |
Qualifications | Based on 25 Tropic reviews. Identify the services and products provided by suppliers, as well as certifications. | 68% (Based on 25 reviews) | |
History | Track history of all interactions and business transactions with suppliers. This feature was mentioned in 24 Tropic reviews. | 74% (Based on 24 reviews) |
Analytics
Visibility | Based on 28 Tropic reviews. Improve visibility into procurement activities across the company. | 85% (Based on 28 reviews) | |
Performance | Monitor the performance of procurement operations 26 reviewers of Tropic have provided feedback on this feature. | 85% (Based on 26 reviews) | |
Spend | As reported in 26 Tropic reviews. Analyze procurement spending and identify future trends. | 85% (Based on 26 reviews) | |
Due Dates | Track invoices based on due dates to identify overdue payments This feature was mentioned in 27 Tropic reviews. | 80% (Based on 27 reviews) | |
KPIs | Monitor KPIs such as time to process an invoice or erroneous payments 26 reviewers of Tropic have provided feedback on this feature. | 66% (Based on 26 reviews) |
Integration
Accounting | Provide integration with accounting and financial management software This feature was mentioned in 25 Tropic reviews. | 66% (Based on 25 reviews) | |
Payments | Based on 25 Tropic reviews. Integrate with payment gateways and enterprise payments software | 60% (Based on 25 reviews) | |
ERP | As reported in 23 Tropic reviews. Deliver integrations with accounting modules of ERP systems | 59% (Based on 23 reviews) | |
Procurement | Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management 28 reviewers of Tropic have provided feedback on this feature. | 76% (Based on 28 reviews) |
Payment Cards
One-time Virtual | Online credit card number that can be instantly sent to employees and used for secure, one-time purchases This feature was mentioned in 13 Tropic reviews. | 69% (Based on 13 reviews) | |
Recurring Virtual | Based on 13 Tropic reviews. Online credit card number that can be instantly sent to employees and used for secure, recurring payments, such as subscriptions or services | 64% (Based on 13 reviews) | |
Physical | Based on 13 Tropic reviews. Physical credit cards used by employees for various expenses that allow management to monitor spending and budgets | 62% (Based on 13 reviews) |
Reporting
Real time | As reported in 13 Tropic reviews. Report on spend transactions as they happen in real time | 76% (Based on 13 reviews) | |
Multiple Views | As reported in 13 Tropic reviews. Reports that allow the user to sort and filter by vendor, team, GL, department, etc. | 79% (Based on 13 reviews) | |
Export | The ability to export reports in various formats, such as excel, CSV, and Google Sheets 14 reviewers of Tropic have provided feedback on this feature. | 85% (Based on 14 reviews) | |
Budgets | As reported in 13 Tropic reviews. Report on and track spending against budgets | 76% (Based on 13 reviews) |
Payments
Vendor | Pay vendors through a dashboard or portal and maintain vendor payment information 14 reviewers of Tropic have provided feedback on this feature. | 75% (Based on 14 reviews) | |
Recurring | Manage and execute recurring payments, such as subscriptions, services, utilities, etc. 14 reviewers of Tropic have provided feedback on this feature. | 74% (Based on 14 reviews) | |
Employee Reimbursements | Based on 14 Tropic reviews. Reimburse an employee for all necessary expenditures or losses incurred by the employee within the employee's scope of employment | 68% (Based on 14 reviews) | |
ACH | Allows for the electronic transfer of funds between banks 13 reviewers of Tropic have provided feedback on this feature. | 68% (Based on 13 reviews) |
Fraud & Risk Management
Notifications | Real-time notifications for fraudulant and/or duplicate spending This feature was mentioned in 15 Tropic reviews. | 82% (Based on 15 reviews) | |
Unique Cards | Individual, unique cards for each vendor to help manage duplicate and overpayments This feature was mentioned in 12 Tropic reviews. | 67% (Based on 12 reviews) | |
Controls | Control spend limits, expiration dates, and lock and unlock stolen or lost cards This feature was mentioned in 12 Tropic reviews. | 69% (Based on 12 reviews) |
Supplier Marketplace
Library | Provides a centralized library containing product data. | Not enough data | |
Categorization | Enables users to assign custom categories to products. | Not enough data | |
Data Management | Creates and manages product catalogs. | Not enough data |
Contract Management
Compliance | Assists with maintaining compliance with controlled processes, automated tracking, and audit trails. | Not enough data | |
Revenue | Identifies revenue opportunities by providing better visibility into spend data, improving supplier relationships, streamlining procurement processes, and identifying cost savings opportunities | Not enough data | |
Negotiations | Provides organizations with the tools and data they need to negotiate contracts more effectively, such as data analysis, collaboration, and contract management. | Not enough data |
Data Collection
Spend | Increases spend visibility into pricing and unintended or excessive use of discounts or promotions by customers. | Not enough data | |
Compliance Reports | Identifies noncompliant spending, fraud, and other activity outside of company policy. | Not enough data | |
Savings | Analyzes spending patterns and identifies areas to reduce costs. | Not enough data |
Project Management
Dashboard | Provides a dashboard for searching and reporting on contracts and projects. | Not enough data | |
Repository | Manages contracts in a single, online central repository. | Not enough data | |
Lifecycle | Manages the entire contract lifecycle process by providing visibility into projects and allocating resources across sourcing initiatives. | Not enough data |
Purchase Requisition and Approval Workflow - Procurement Orchestration
Notifcations | Notifies users of pending approvals with alerts and notifications | Not enough data | |
Workflows | Allows for predefined approval workflows based on roles, departments, or spending limits | Not enough data | |
Purchase Orders | Automates the creation, submission, and approval of purchase requisitions | Not enough data |
Supplier Management - Procurement Orchestration
Tracking | Monitors supplier compliance to guidelines and standards while also managing risks | Not enough data | |
Onboarding | Provides tools for suppllier onboarding and assessing their performance | Not enough data | |
Database | Maintains a repository for storing and organizing supplier details | Not enough data |
Spend Management - Procurement Orchestration
Analysis | Uses tools for examining expenditures and generation reports to identify trends | Not enough data | |
Visibility | Provides real-time insight into procurement costs within categories, departments or projects | Not enough data |
Compliance and Risk Management - Procurement Orchestration
Risk Assessment | Uses risk assessment tools for identifying potential supplier or contract risks | Not enough data | |
Compliance | Automates the enforcement of procurement policies, regulatory requirements, and compliance checks | Not enough data | |
Audits | Creates audit trails and reporting for transparency and accountability | Not enough data |
Workflow Automation - Procurement Orchestration
Routing | Provides onditional routing for purchase approvals, contract reviews, and supplier selection | Not enough data | |
Configuration | Allows for flexible workflow configurations to suit specific business needs | Not enough data | |
Approvals | Adjusts approval processes based on project, department, or spending thresholds | Not enough data |
