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Editor’s note: We publish quarterly Ramp Rewind posts to get you up to speed on the latest product features and updates. Check out our new Product Announcements page for more frequent updates.

The arrival of August means fall and pumpkin-spiced lattes are around the corner. For those of you who are looking at your to-do list and wondering where this year has gone, Ramp is here to help. From AI capabilities to new Ramp editions, our latest innovations are designed to help you streamline even the most complex finance operations and recoup time for valuable work. 

Catch up on what we’ve released in recent months. 

Get the best price for your software

Got vendor details scattered across spreadsheets? Missing important contract renewal deadlines? Ramp’s Vendor Management solution auto-tracks your vendors and contracts in one place so you can easily uncover spend insights and stay on top of critical contract details, such as renewal dates. 

The solution includes built-in Price Intelligence and we’ve been delighted by your enthusiastic response to the feature. Customers are using Price Intelligence to lock in fairer pricing for the most popular software vendors. If you haven't already, give it a try: Ramp uses spend data provided by thousands of businesses and millions of Ramp transactions to help you compare pricing down to individual SKUs and cost per seat. If you find that you’re overpaying, we'll even negotiate with your vendors. Businesses using Ramp’s negotiation service have saved an average of 17.5% on software contracts (about $21,500). Try Price Intelligence

“Being armed with that benchmark data, that will ease the mental gymnastics I go through but more importantly, it will save our company real dollars.” - Michael Guiney, Director of Finance, Greynoise

Speed up your month-end with Ramp Intelligence 

We’ve continued to add to our roster of AI features. In addition to Price Intelligence, you can now use new GPT-powered capabilities for receipt collection and month-end coding. 

For instance, Ramp can now auto-generate IRS-compliant receipts for transactions under $75, freeing up hours for your team each week. Turn on auto-generated receipts → 

Ramp helps your employees save even more time when they’re coding transactions with AI-powered GL account suggestions, based on thousands of past transactions on the platform. These suggestions have helped finance teams automate up to 20% of manual coding and ensure consistent categorization. 

Ramp also saves admins time by proactively suggesting rules to automate repetitive coding.  Surfaced on the Accounting tab, these rules are based on how you’ve previously coded past transactions and other accepted practices. Learn about Ramp Intelligence

We’ve rolled out new actions for Ramp’s smart assistant Copilot to help you perform faster analysis. Use the keyboard shortcut CMD+K to trigger Copilot. You can use plain English input to quickly navigate to different areas of Ramp or execute actions, like “View reimbursement requests for Yunyu Lin.” Go to your Ramp dashboard to try Copilot → 

Scale complex finance operations with Ramp Plus

We heard your requests for increased flexibility, scale, and deeper integrations with existing systems. To support these needs, we’re excited to share that a new edition of Ramp’s core platform is coming this September.

Called Ramp Plus, this edition will allow you to:

  • Control spend with a new procure-to-pay solution. Teams can capture spend requests in one centralized location, loop in the right teams for approval, and track purchase orders through to payment.
  • Operate anywhere in the world with global expenses and payments. Manage domestic and international entities with consolidated global spend and support for multiple entities, multiple currencies, tax reporting, and debiting (for CAD, UK, and EU). 
  • Drive efficiency by automating complex workflows. Use Ramp’s rules-based workflow builder to automate everything from employee onboarding to procurement and payment approvals. 
  • Prevent overspending with enhanced controls and policy enforcement. Ramp monitors transactions on your behalf and flags only out-of-policy expenses that require additional review. Auto-lock cards if employees don’t submit their receipts and mandate manager transaction reviews.
  • Deepen integration, with a wide suite of HRIS and accounting solutions. 

Ramp Plus will be available in September as an optional, paid plan. Our flagship product consisting of Ramp’s corporate card and accounts payable automation remains free. As a thank you to our early customers whose feedback has helped us build up Ramp over the years, existing SMBs and mid-market business customers will automatically get a complimentary upgrade to Ramp Plus for one year. Register for our webinar to learn more → 

Never miss another Ramp update 

These are just a few of the innovative features we’ve added in the last three months and we’re excited to continue to build more to set your finance team free from busywork. Check out our brand new Product Announcements page to stay on top of all of our product releases, including the following: 

Try Ramp for free.
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No personal credit checks or founder guarantee.
Thank you! Your submission has been received!
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Senior Product Marketing Manager, Ramp
As a Senior Product Marketing Manager at Ramp, Laura strategizes and oversees release marketing for all Ramp product launches. Prior to Ramp, Laura has worked in the B2C space as a PMM in industries across GoPuff, Zillow, and Uber. During her free time, she's spending time outdoors in Seattle, WA.
Ramp is dedicated to helping businesses of all sizes make informed decisions. We adhere to strict editorial guidelines to ensure that our content meets and maintains our high standards.

FAQs

How Ramp helped Viking Well Service institute a more efficient expense management process

“Having the purchase order and bills all in one place just makes a whole lot more sense for the type of business that Viking’s doing, because you can simplify it down to a one-line-item type deal. That’s really important for control purposes, for visibility."
Chris Lowdermilk, Senior Controller, Viking Well Service

How Ramp Procurement helped NPHY simplify, save time, and improve transparency

“Before Ramp Procurement, requests could take up to a month. Now the process is complete in a matter of days, meaning we can get much needed supplies and focus on delivering care to our clients (teenagers in crisis) faster.”
Michelle LaBonney, Director of Finance & Operations, Nevada Partnership for Homeless Youth

How Betterment manages corporate spend for five entities with Ramp

“With Ramp, we can save rules directly to the card. Transactions from any of our monthly vendors come in already coded, so that’s been a huge time saver.”
Marianne Hawes, Senior Accountant, Betterment

How Alexandra Lozano Immigration Law prepared for scale with Ramp

"I used to have to call our card provider and sit on the phone for a couple hours a week, I don’t have to do that with Ramp.”
Wayne Robinson, CFO, Alexandra Lozano Immigration Law

How Ramp helped Smart City Apartment Locating save time, expedite month close, and grow sustainably

"Five to 15 hours each month of non-value-add activities are off my plate. I’m able to be a strategic advisor versus just a tactical manager when it comes to spend management.”
Dustin Walsted, VP Finance, Smart City Apartment Locating

How TaskHuman built their runway with Ramp

“I’ve pretty much seen or used everything that’s out there, everything does something Ramp does, but nothing does everything Ramp does.”
Matthew Ferguson, Controller, TaskHuman

How First Tee transformed its bookkeeping and saved time with PwC and Ramp

"The efficiency of using PwC Bookkeeping Connect, coupled with the Ramp platform, has probably been about 75% time savings. Instead of every hour I would have had to spend on bookkeeping, I’m probably having to spend maybe 10 or 15 minutes.”
Dan Burke, CEO, First Tee San Francisco