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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. 

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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.
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