Full-Time

Account Executive

Posted on 8/27/2024

Tropic

Tropic

201-500 employees

Software procurement platform for businesses

Enterprise Software

Compensation Overview

$190k - $220kAnnually

+ Incentive Stock Options

Junior, Mid

Remote in USA

Category
Inside Sales
Sales & Account Management
Required Skills
Sales
Requirements
  • 2-3 years in full-cycle sales at high-growth startups
  • Track record of high-performance
  • Experience with selling B2B SaaS products
Responsibilities
  • Manage the entire sales cycle in our new business commercial market segment (up to 1,000 employee companies) from creating opportunities to progressing and closing them
  • Prospect and build pipeline (in partnership with a SDR) through outbound activities (emails, campaigns, calls, videos) and also manage inbound leads
  • Build a strong point of view on prospective customer business challenges and tailor our solution to meet their specific needs and drive business outcomes.
  • Leverage strong product knowledge and sales skills to conduct compelling presentations to showcase the value of our solution
  • Exceed revenue and sales goals while maintaining strong pipeline coverage and an accurate forecast
  • Become a trusted advisor to prospects through honesty and empathy
  • Collaborate with cross functional partners (Marketing, Product, etc.) to uplevel how we attract and acquire customers
  • Stay up to date with industry trends, competitive landscape and emerging technologies so you can leverage this to position our solution effectively
  • Provide a world-class customer experience from the first conversation to the last
  • Participate in all Tropic cultural activities and find ways to enhance our company culture

Tropic provides a software procurement platform designed to help businesses efficiently purchase and manage their software. The platform allows finance and IT managers to oversee all software spending in one location, which simplifies the procurement process and helps save time and reduce costs. Key features include management of software renewals and identification of overlapping software usage, which further enhances its utility. Tropic operates on a subscription-based model, where clients pay a recurring fee for access to the platform. Clients have reported significant benefits, including a user-friendly interface and responsive customer service, making Tropic an extension of their team in managing software expenses. The goal of Tropic is to streamline software procurement for businesses across various industries, particularly in finance and IT.

Company Stage

Series B

Total Funding

$65.3M

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

1%

1 year growth

-12%

2 year growth

63%
Simplify Jobs

Simplify's Take

What believers are saying

  • Tropic's AI solution has helped organizations achieve over $300 million in savings.
  • The partnership with Tranch offers flexible BNPL options, enhancing cash flow management.
  • SaaS spending is projected to grow by 20% annually, expanding Tropic's market.

What critics are saying

  • Rapid revenue growth may strain Tropic's operational capabilities, affecting service quality.
  • BNPL options could expose Tropic to financial risks if customers default on payments.
  • Economic uncertainty may lead to reduced client spending, impacting subscription revenue.

What makes Tropic unique

  • Tropic offers an AI-driven spend management solution for finance and procurement teams.
  • The platform integrates unbiased market data with spend management tools for cost reduction.
  • Tropic's Supplier Code of Ethics emphasizes sustainability and ethical sourcing in procurement.

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