Buy at the speed of AI

Every company buys. But less than 2% of US businesses employ a team to oversee the process. Purchasing falls on finance and operators: CFOs approving vendors between board decks, Controllers managing POs between close cycles, and VPs negotiating renewals in whatever time is left.

That was enough when contracts renewed on predictable cycles. It's not anymore. AI adoption just crossed 50% of US businesses and the average AI contract jumped from $39K to over $500K in two years. Finance teams are committing to six figure AI contracts with pricing models that didn't exist last year — and still managing the purchasing process over email. The gap is getting expensive: surprise invoices, missed renewals, budget overruns all caught too late.

"Procurement at SoundCloud used to live across multiple tools. Approvals, vendor onboarding, invoice tracking were all fragmented and hard to follow. Ramp brought it into one place. Now everything from intake to vendor onboarding to invoice approvals is automatically routed to the right people, and we finally have visibility into where things stand."

— Daniel Bechhofer, VP of Corporate FP&A and Reporting, SoundCloud

The tool you use to buy needs to be as fast and intelligent as the tools you're buying. So why doesn’t it exist?

The 98% Problem

Procurement software was designed with an assumption: that companies would build a team around it. Dedicated staff to run evaluations, drive savings, and keep the process moving. But 98% of companies don’t have that team.

So we spent the last year building the exact opposite. What would purchasing look like if it did the work for you?

Introducing the biggest upgrade to Ramp Procurement since launch, a suite of AI Agents that do the work once reserved for dedicated headcount, and give existing procurement teams a force multiplier. From sourcing vendors to compliance checks to negotiation prep, you’re now hiring Ramp as an extension of your team to run purchasing end-to-end.

“When you're running 20+ AI tools, all with different billing models, procurement becomes its own full-time job. Ramp is how we’re looking to bring that under control.”

— Daniel Craig, Sr. Director, Procurement, Opendoor

Customers are saving an average 16% annually on vendor spend. AI agents are eliminating 46 hours per month of manual purchasing work.

Here's how.

Meet your new purchasing team

Your next vendor is one sentence away.

A year ago, you had one AI vendor. Now you have twelve. You don't have time to run a structured comparison. So Ramp runs it for you.

Simply describe the vendor you’re looking for. Ramp researches options, generates the RFx, and scores responses. You just pick the winner. Sourcing events that used to take weeks of research and coordination are compressed into a single conversation with Ramp.

Say what you need. Ramp handles the rest.

Employees now ask Ramp what they need to buy. "I need 5 Figma licenses” — and Ramp takes it from there. The agent asks clarifying questions and pre-fills the intake form based on the conversation. If the request is out of policy or duplicative, Ramp flags it before it ever reaches an approver.

Your workflow. Your tools. Fully automated.

You now have a blank canvas to automate your entire procurement process, whether it's for simple sign-offs or multi-team evaluations. Execute multiple approval paths in parallel, onboard vendors, and trigger AI agents to conduct custom vendor evaluations. Employees are buying 3x faster than they could with their previous process.

Plus, it all connects to your team’s favorite tools, so stakeholders never have to leave their preferred software to review and approve purchase requests. Ramp now has bidirectional integrations with:

• CLM: Ironclad and LinkSquares
• eSignature: Docusign and Dropbox Sign
• TPRM: Vanta, Drata, LogicGate, and OneTrust
• Ticketing: Jira, Asana, and Linear

Every evaluation, done before you open the request.

AI agents run compliance reviews on purchase requests automatically. Stakeholders get everything they need to make fast, fully informed approval decisions without doing the research themselves.

• Vendor Due Diligence: Is this vendor legitimate? Agents research the company's background, leadership, and incorporation history, and flag high-risk vendors before the request moves forward.
• Security & Compliance: Does this vendor meet your standards? Agents pull trust center docs, check for SOC 2 and SSO support, and flag gaps in data handling.
• Legal & Privacy: What's in the contract? Agents classify risk based on contract value, extract critical terms like auto-renewal and liability caps, and flag AI vendors that process customer data.

Build a custom agent from scratch or get started quickly with pre-built templates.

Walk into every renewal with the upper hand.

Every agreement is tracked automatically. When a renewal is approaching, Ramp surfaces pricing benchmarks, flags agreements worth renegotiating, and recommends whether to extend, renegotiate, or cancel. Instead of scrambling when the renewal reminder hits, you walk into every negotiation with the upper hand.

Overbudget? Approvals stalling? See it before it hurts.

A full procurement reporting suite provides end-to-end visibility on every purchase, from request to PO to payment. See outstanding purchase orders, budget variance, and approval bottlenecks to identify gaps before it costs you money.

Need something specific? Ask in plain English and Ramp queries your data to generate a custom report.

Agents do the work. You get the control.

This is what purchasing looks like when AI does the heavy lifting. Sourcing. Intake. Approvals. Compliance. Renewals. All run by agents so employees buy faster and Finance controls every dollar.

Every company deserves procurement-grade rigor. Now every company has it.

_{Save 16% on vendor costs with Ramp Procurement.*}

_{*Based on Ramp customer data. Numbers presented are median figures; individual results will vary. See ramp.com/procurement for details.}

_{Ramp AI agents eliminate 46 hours per month of manual work across your purchasing process.**}

_{**Based on Ramp analysis of mid-market procurement workflows. Includes planned features. Individual results will vary. See ramp.com/procurement for details.}

_{3x faster approvals***}

_{***Based on Ramp’s 2025 State of Procurement Report.}

_{Incentive: Get up to 3 months free of Ramp Procurement}