The Spend Table

Tropic
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The Spend Table is where cost and spend intelligence gets served up fresh—and no topic is too spicy to tackle. Join three finance and procurement leaders for respectful debate (not head-nodding) on what really matters when managing software spend. All powered by real data insights.

Episódios

  1. há 4 dias

    How Procurement Becomes the Connective Tissue for AI Decisions

    Host Justin Etkin and VP of Procurement Michael Shields sit down with Evan Mayer, Head of Strategic Sourcing and Indirect Procurement at Frontdoor, to talk about how procurement teams should handle the rush to adopt AI. The conversation opens with a clear tension. AI adoption is moving faster than the governance meant to control it, and companies are skipping foundational steps in the excitement to try new tools. Evan explains why new AI tools and existing vendors rolling out AI features both deserve the same scrutiny, and how to build a fair process for evaluating spend. The group gets tactical on contract structure, dual sourcing, tiered pricing, and why locking into one provider is risky when the space changes every few months. They also cover outcome based pricing and how budget expectations will tighten in 2027. Finally, Evan shares what he looks for when hiring and how he coaches his team to use AI for efficiency without losing original thought. Key topics covered: [00:00] Intro [03:07] AI adoption outpacing governance [05:08] Procurement as connective tissue [07:04] Continuous sourcing replaces renewal events [09:27] Automating low value procurement tasks [11:29] Empowering stakeholders through smart intake [14:34] Questions to ask new AI tools [16:13] Legacy spend vs new spend scrutiny [18:05] Piloting to prove Roi [22:40] Dual sourcing and avoiding lock in [24:08] Structuring AI contracts for flexibility [28:01] Shift to outcome based pricing [30:18] Budget reckoning coming in 2027 [36:02] High agency talent wins now [39:47] Original thought vs AI regurgitation [42:06] Coaching teams to keep their voice Listen in for a practical look at how procurement can lead through the AI shift instead of getting swallowed by it.

  2. 15 de jun.

    White Glove IT Procurement Strategy with Coursera's Isa Rivera

    Michael Shields and Justin Etkin sit down with Isa Rivera, Senior Global IT Procurement and Asset Management Manager at Coursera, to explore her unique journey from sales to becoming the first procurement hire at a major tech company. Isa shares how she built trust with engineering executives in just 3 months by providing white glove service that removed the burden of vendor management from technical teams. Her approach focuses not just on savings but on taking complete ownership of the procurement process from proof of concept to multimillion dollar contracts. The conversation dives into practical AI applications in procurement, including how Isa partnered with an AI specialist to build contract review agents that instantly identify missing terms and commercial details. She also discusses navigating mergers and acquisitions, having been through the Sprint and T-Mobile consolidation, and now managing the integration of Coursera's recent acquisition. Isa explains how Coursera implemented innovative review committees to control AI spend and new tool purchases, creating streamlined processes that balance innovation with budget controls. Key topics covered: [00:00] Intro [00:52] From Sales to Procurement Journey [01:56] Reporting to IT vs Finance [03:55] Building Stakeholder Trust and Credibility [05:26] White Glove Service Model [08:51] Navigating Company Acquisitions [11:21] M&A Best Practices and NDAs [15:15] AI's Impact on Procurement Value [16:53] Building Custom AI Agents [20:05] Internal AI Training Programs [21:00] Managing Email Overload with AI [22:05] AI Token Costs and Budget Control [25:47] Policy Shifts Around Software Purchases [28:32] ROI Standards for New Technology [29:24] Review Committee Implementation Process A fascinating look at building procurement functions from the ground up and leveraging AI to unlock strategic value in modern tech companies.

  3. 18 de mar.

    Why CFOs Need Both AI Analysis and Human Intuition

    Host Michael Shields sits down with Tropic's President and CFO Russell Lester and COO Justin Etkin to explore how finance leaders navigate budget approvals in an AI-driven world. Russell shares his evolved approach to evaluating business cases, from $50,000 software renewals to major technology investments, and reveals why he now expects AI to be embedded in every analysis that crosses his desk. The conversation dives into the critical balance between leveraging AI-powered insights and maintaining human intuition in financial decision making. Russell explains his 5-point evaluation framework covering business alignment, benchmarking data, contract optimization, tech stack integration, and source validation. Justin adds perspective on how procurement data helps CFOs know when to push back versus when to fast-track approvals, sharing real examples of how benchmarking intelligence can save time and focus efforts where they matter most. Key topics covered: [00:00] Intro [03:33] CFO Evolution From Analyst to Decision Maker [05:25] When to Push Back vs When to Approve [07:31] $50K Auto-Renewal Success Story [09:12] Marriage Lessons for CFO Decision Making [11:14] Supplier ROI Cases vs Buyer Data Points [12:52] Data Maturity Across Company Sizes [15:39] What CFOs Really Look For [17:48] AI False Positives and Bad Signals [19:17] Know Your Source Strategy [21:32] Authority and Credibility in AI Age [23:09] Human Intuition vs AI Analysis [26:41] Real-Time Pricing Change Detection [28:21] Human on the Loop vs Human in the Loop [30:17] Coach Dabo Swinney Trust Analogy [33:53] Asking What's Your Intuition vs AI Russell emphasizes that as AI becomes ubiquitous in business analysis, CFOs must increasingly ask not just for data sources but also for the human intuition layered on top of AI synthesis. This episode provides actionable insights for both finance and procurement professionals navigating the new landscape of data-driven decision making.

  4. 13 de fev.

    Is SaaS Dying?

    The conversation delves into the current state of the SaaS market, exploring the impact of AI on traditional software companies, the challenges of pricing and packaging in a changing landscape, and the evolving role of procurement in managing tech stacks. Our hosts emphasize the importance of strategic thinking and adaptability in navigating these dynamics, highlighting opportunities for growth and innovation amidst market volatility. Key takeaways: -The SaaS market is experiencing significant volatility, but it is not dying.-Investors are reacting to uncertainty in forward guidance, particularly regarding AI.-AI is reshaping the tech stack, especially for SMBs, with a shift towards AI-native solutions.-Pricing and packaging strategies are evolving as companies adapt to AI integration.-Procurement teams must elevate their role in managing tech stacks and vendor relationships.-There is a growing trend of AI sprawl, similar to past SaaS sprawl.-Companies need to focus on strategic initiatives rather than just tactical tasks.-The opportunity for procurement to add value is greater than ever.-Understanding the interplay between AI and traditional SaaS is crucial for future success.-The market will see increased M&A activity as companies seek to adapt to new dynamics.titles Chapters[00:00] Understanding the SaaS Market Dynamics[01:10] Is SaaS Dying?[06:38] The Impact of AI on SaaS Companies[11:32] Navigating Pricing and Packaging Changes[16:48] The Role of Procurement in Tech Stack Management[22:33] Strategic Opportunities in a Changing Landscape Learn more about Tropic: https://www.tropicapp.io/

  5. 23/12/2025

    How the AI Tax is Costing Software Buyers 30% More

    Michael Shields hosts this episode of The Spend Table with Tropic's COO Justin Etkin and CFO Russell Lester, diving deep into what they call the "Ai tax" hitting enterprise software buyers. The conversation reveals how vendors are using Ai features to justify 15 to 30% price increases, far beyond the typical 5 to 10% annual uplift. Justin explains how companies like Slack struggled to sell Ai add-ons separately, leading to forced bundling strategies where customers pay higher prices whether they want the features or not. The discussion explores the broader market pressures driving this trend, from the massive Capex investments in Ai infrastructure to the valuation bubble affecting startups like Cursor, which jumped from 2.6 billion to 29 billion in under a year. Russell draws parallels to previous technology transitions and warns about the entropy effect of proliferating Ai tools across organizations. The team offers practical advice for procurement professionals, including the importance of proactive supplier engagement, understanding credit-based pricing models, and building flexibility into contracts during this period of rapid change. Key topics covered: [00:00] Intro [04:43] Slack's Failed AI Add-On Strategy [08:32] Legacy Software vs AI Native Startups [12:06] Cloud Migration Parallels to AI Adoption [15:44] Revenue vs Efficiency ROI Challenges [19:24] AI Bubble Economics and Gross Margins [22:33] Microsoft's Hostage Customer Strategy [26:00] AI Tools Enable Rapid Switching [30:02] Contract Protection for AI Features [33:04] Stay on Target Despite AI Chaos [35:24] Vibe Shopping with AI Search [36:56] 80-20 Rule for AI Productivity [39:29] 75% of Enterprises Adopting AI Procurement This episode provides essential insights for finance and procurement leaders navigating the new reality of Ai-driven software pricing and vendor negotiations.

  6. 20/11/2025

    Why Finance and Procurement Fight During Budget Season

    Michael Shields sits down with Russell Lester, CFO and President at Tropic, and Justin Etkin, COO and Co-Founder, for the inaugural episode of The Spend Table. The trio dives deep into the tensions between finance and procurement during budget season, exploring why traditional budgeting processes often fail companies. Russell brings his perspective on the difference between strategy, planning, and budgeting, while Justin shares insights from working with hundreds of customers on spend intelligence. The conversation gets spicy as they debate who's really at fault when six figure renewals pop up unbudgeted. Michael argues for more scrutiny on existing spend versus new purchases, while Russell pushes back on the expectation that budget owners should be more accountable. They explore practical solutions like contract based budgeting, pulse surveys for stakeholder sentiment, and the four key data points every procurement team should collect beyond historical spend. Key topics covered: [00:00] Intro [03:05] Planning Season Priorities and Customer Insights [05:55] Strategy vs Planning vs Budgeting Framework [07:36] Procurement's Annual Humiliation Ritual [10:30] Zero Based Budgeting Reality Check [14:54] Annual Budget Purpose and Flexibility [19:14] Contract Based vs ERP Based Budgeting [23:55] Four Essential Budget Data Points [26:01] Six Figure Surprise Spend Responsibility [32:12] Budget Flexibility for Big Opportunities [39:17] Procurement's Strategic Data Advantage [42:45] Underutilized Software License Problem [49:08] Data a la Carte Statistics Segment [57:34] Story of the Week License Optimization [1:02:04] Next Episode AI Preview Don't miss their heated discussion on AI ROI measurement and Michael's story about cutting video recording licenses from 200 to under 100 using data driven analysis. The smartest finance and procurement leaders are already at our table, pull up your chair and subscribe to The Spend Table newsletter - https://www.tropicapp.io/newsletter

  • 6 episódios

Sobre

The Spend Table is where cost and spend intelligence gets served up fresh—and no topic is too spicy to tackle. Join three finance and procurement leaders for respectful debate (not head-nodding) on what really matters when managing software spend. All powered by real data insights.

Informações

  • Criado por
    Tropic
  • Anos de atividade
    2025 - 2026
  • Episódios
    6
  • Classificação
    Livre
  • Copyright
    © 2025 Tropic Technologies. All rights reserved.
  • Site do podcast
    The Spend Table