In this article
You might like
No items found.
Spending made smarter
Easy-to-use cards, spend limits, approval flows, vendor payments —plus an average savings of 5%.1
|
4.8 Rating 4.8 rating
Error Message
No personal credit checks or founder guarantee.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get fresh finance insights, monthly
Time and money-saving tips,
straight to your inbox
|
4.8 Rating 4.8 rating
Thanks for signing up
Oops! Something went wrong while submitting the form.
Table of contents

Too many companies fail to invest in an intuitive, easy purchasing process. Out-of-policy spend and lengthy approval times to make needed purchases are accepted as normal. It doesn’t have to be this way. This year, you can fuel business growth by unifying your procurement with all other finance operations to control employee spending from the start.

I founded Venue in 2022 with Young Kim and Kevin Chan to build a delightful experience for employees to request spend, all while giving finance teams full visibility and control. After talking to hundreds of procurement teams, we realized that a point solution wasn’t the answer to their decentralized spending problems. What they needed instead was an integrated finance platform, with purchasing workflows built in to help them revamp their entire procure-to-pay process. Last fall, Venue joined Ramp to accelerate this vision and together, we introduced Ramp Procurement.

Today we’re excited to announce powerful new capabilities to Ramp Procurement to help companies save even more time and money. Finance teams can now access new integrations with providers like Ironclad to accelerate contract review, dynamic intake forms to capture every purchase request in one place, purchase order (PO) syncing for top ERPs to save accounting time, Seat Intelligence to show companies when they’re paying for licenses that aren’t being used, and so much more. 

Legacy finance tools can’t help finance teams manage purchasing, card issuing, and AP in one place, which is why businesses are increasingly choosing Ramp to manage all operations. Ramp now powers over $10 billion per year in accounts payable volume, and Ramp Procurement is one of many ways we’re helping companies become more productive in 2024.

Powerful procurement software that your employees will love

Ramp Procurement helps you capture unmanaged spend with intuitive workflows that make it easy for employees to follow your policies, keep everyone coordinated, and enable earlier spend visibility. Here’s how we’ve redesigned business purchasing from the ground up: 

Capture every request in one place

Employees often fail to comply with processes because they simply don’t remember where to start. Reduce their cognitive load and give them one place to go for all spend requests, from T&E, reimbursements, and now procurement requests. Ramp’s dynamic request forms let you capture every purchase request and specify what information needs to be collected based on the request type. 

“Our employees are thankful for this new process. They don’t have to go dig up who the right approvers are or follow up with those approvers—all that is set by Ramp. We’ve empowered people with a great process that’s easy to follow.” - Chad Nichols, Controller, Ultra Clean Express

Accelerate approvals 

No more disconnected forms, emails, and spreadsheets that tie up approvals. Use customizable approval workflows in Ramp to loop in the right teams automatically and let stakeholders approve or deny directly in Slack or Microsoft Teams. Know the exact status of your procurement requests at all times with a centralized tracking dashboard.  

Legal will thank you for the bi-directional integration with Ironclad that triggers a contract review when requests are created, eliminating the need for a separate legal workflow. Store executed contracts and documents from completed Ironclad workflows with their approved requests and vendor in Ramp. 

Prevent overspending with Ramp’s Seat Intelligence, which gives budget owners insights into actual usage of the software they purchased so they can cut costs by removing inactive seats. Early access now available for Okta users. 

Easily collaborate with stakeholders 

Ditch the confusing email threads. Procurement comments are centralized in Ramp so approvers added mid-stream can see prior discussion and immediately get up to speed without employees resharing context or documents. An activity feed keeps a record of approvals and changes made, making your procurement process audit-proof. 

Get full visibility into committed spend

Automatically generate POs to get a clear line of sight into upcoming invoices. POs dynamically update as invoices are matched and paid, so you always know how much ‌remains on contracts. Matched invoices get auto-coded, and POs sync directly to top ERPs like NetSuite and QuickBooks to save time on data entry. 

Finance teams do their best work when they can manage all finance operations through a consolidated platform. Ramp gives you the flexibility to issue a one-time virtual card instead of a PO for straightforward requests like T&E budget. Our Vendor dashboard speeds up analysis by tracking every vendor that has ever been paid through Ramp cards and AP (even those that didn’t go through formal intake). 

Get the earliest control and visibility with Ramp

Help your employees do their best work this year—start by making efficient and intuitive procurement the norm for your company. Use Ramp Procurement to give employees a simple way to buy what they need while allowing finance teams to stay in control of all spending. 

Ramp Procurement is available to all Ramp Plus customers today. See a demo or contact your account manager to learn more. Not yet on Ramp? Sign up for free today. 

Try Ramp for free.
Error Message
No personal credit checks or founder guarantee.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Head of Ramp Procurement, Ramp
TK is the Head of Ramp Procurement. He previously co-founded Venue, a procurement startup backed by Sequoia Capital and later acquired by Ramp in 2023. Prior to founding Venue, he was employee #20 and the product lead for spend management at Ramp. He graduated from Cornell with a BS in Information Science, Systems and Technology.
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