Case Study: Watermark saves $300K+ and unifies procurement with Tropic

Watermark Saves $300K+ in less than a year and reins in rogue spend with Tropic

Watermark, an education software company serving higher education institutions, faced a fragmented purchasing process after multiple acquisitions created overlapping subscriptions, inconsistent approvals, and limited visibility into software spend. To address this challenge, Watermark turned to Tropic for a unified procurement platform and procurement support.

Tropic helped Watermark centralize old contract data into a single source of truth, implement approval workflows, and compare software options during negotiations. As a result, Tropic helped Watermark save more than $300,000 in less than a year, including over $80,000 on a single security tool contract, while also improving compliance and making purchasing more transparent across the company.

Watermark

Megan Szeker

VP, Controller and Business Operations & Intelligence