Tropic, a comprehensive SaaS procurement platform announced a collaboration with Tranch, a B2B BNPL (Buy-Now-Pay-Later) provider. Due to the BNPL’s flexibility in terms of payment methods and its ability to provide high-growth businesses with better control over cash flow, this partnership will enable Tropic customers to cut their yearly SaaS spending by approx. 20%.
Through this partnership, customers will be able to pay for their software on their own terms. This new collaboration will let Tropic clients send their bills directly to Tranch, which will pay SaaS suppliers upfront. Later, customers can pay the remaining payment over a period of up to 12 months.
So, while choosing the BNPL option, customers will not be charged any kind of Tropic fee and can frequently use supplier discounts for making upfront payments. They can simply connect their bank accounts with Plaid to get started!
Reacting to the partnership, Philip Kelvin (Co-Founder & CEO, Tranch) stated, “We are excited to partner with Tropic as they help companies take control of their SaaS spend by providing these businesses with flexible options for how they pay for their software invoices.” With this, companies can now prioritize their growth-related spending with Tranch’s BNPL without compromising on the SaaS tools they want to use!