Tropic Elevates Spend Management with a Unifying AI Solution that Delivers Control, Visibility, and Cost Savings | PR Newswire [Video]

Company evolves its business model, delivering an AI spend management solution that centralizes processes and insights to help organizations navigate complexity and achieve over $300 million in savings.

, /PRNewswire/ — Tropic is reshaping spend management with an AI solution that puts actionable, proprietary data in the hands of organizations by removing the time-consuming hassle of navigating scattered data across systems. By unifying and harnessing spend data, Tropic democratizes spend management, empowering finance, procurement, and IT teams to identify waste, reduce costs, and drive streamlined growth—all while addressing resource and compliance demands.

This news comes on the heels of a banner year for Tropic. Since launching its first-ever technology offering in late 2023, the organization has grown exponentially. It doubled its software revenue year-over-year, is now serving over 500 customers like Zapier, Plaid and Notion and has more than $10 billionin spend under management. To keep up with this incredible growth, in the last year Tropic …