Case Study: Drata achieves faster procurement and better spend control with Tropic

Drata cuts procurement admin to 10 minutes a day with Tropic

Drata, a trust management platform experiencing rapid growth, faced procurement inefficiencies that put their spend and expansion at risk. Their manual process of storing contracts in a shared drive provided little visibility into spending patterns and made it difficult to manage requests, leaving them vulnerable to overspending and missed renewals. To address this, they implemented Tropic's SaaS spend intelligence platform.

By leveraging Tropic, Drata significantly reduced the administrative burden of procurement. The platform's AI automates tasks like parsing contracts and managing approvals, allowing their team to clear their request queue in under 10 minutes daily. This saved time is now spent on strategic renewal planning. The results include managing 99% of company spend within Tropic, processing approximately 300 annual purchase requests, and gaining full spend visibility for better budgeting and reduced risk.

Drata