Ramp

Control procurement and spending with a unified finance automation platform.

by Ramp · Procure-to-Pay

Executive Summary

Ramp is a financial operations platform designed to unify purchasing, payments, and expense management, empowering companies to control procurement and spending more effectively. It offers a comprehensive suite of tools including corporate cards, expense management, and accounts payable solutions, all aimed at saving businesses time and money through automation. The platform is highly flexible, allowing businesses to customize policies, roles, and approval workflows to align with their specific operational needs. Ramp leverages advanced AI, specifically GPT-4, to provide intelligence by extracting pricing details from software contracts and benchmarking them against extensive market data, identifying significant savings opportunities. With robust API capabilities, Ramp facilitates seamless integration with existing financial systems and enables the creation of powerful custom automations. This holistic approach helps companies streamline financial operations, enhance compliance, and gain deeper insights into their spending.

Use Cases

  • Controlling and optimizing overall company spending
  • Automating expense reporting and reimbursements
  • Streamlining accounts payable and vendor management
  • Benchmarking software contract pricing for cost savings
  • Enforcing spending policies and approval workflows

Features

Visibility

  • Real-time Spend Tracking: Gain immediate visibility into all company spending across corporate cards, invoices, and reimbursements.
  • Customizable Dashboards: Access personalized dashboards to monitor key financial metrics and procurement activities.

Intelligence

  • AI-Powered Contract Benchmarking: Utilize GPT-4 to analyze software contracts, extract pricing details, and benchmark against market data for savings.
  • Automated Savings Identification: Receive proactive recommendations for cost-saving opportunities based on spend analysis.

Technical Specifications

Deployment
SaaS
Authentication
SSO/SAML
API Available
Yes

AI/ML Stack

  • GPT-4

Integrations

  • QuickBooks Desktop
  • Okta

Security & Compliance

Certifications: SOC 2 Type II

Encryption: Data encrypted in transit and at rest.

Pricing

Model
Freemium with paid tiers (Ramp Plus)
Starting Price
Free
Target Customer
SMB,Mid-Market,Enterprise
Contract Type
Monthly
Free Trial
Yes, Free core platform, promotional trial for Plus (no credit card required)