Ramp Rewind: Vendor negotiations, travel enrichment, single-use vendor cards, and more
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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.
It’s a new year! But even with the changing tides our mission has remained the same: to save you money and time with a fully integrated and automated finance stack.
To that end, we’ve recently launched a slew of product features and iterations that allow you to have greater control over your spending, travel and vendor contracts.
Automated vendor contract negotiations with Buyer
The vendor contract negotiation process can be a huge time commitment. That said, ensuring that you have the best contractual terms is a process that has merit and can save you money in the short and long term.
To help ensure that you’re saving money and time, our Buyer team takes the negotiation process and automates it for you. All you have to do is upload your vendor contract and they’ll handle the rest.
Deeper insights into travel planning and spend
With business travel slowly creeping back up, it’s more important than ever to have the ability to stay organized and level-headed about logistics and planning. That’s why we launched Travel Enrichment, a travel itinerary consolidation tool that gives you a high-level overview of flight, hotel, car rental details and more all in one dashboard.
Travel Enrichment gives admins and managers even more visibility into travel spend and paints a picture of what employees are spending on and where. It’s T&E tracking made simple and automated.
Streamline spending with single-use vendor cards
We get it, sometimes you just don’t want to use a recurring limit Ramp card for a one-off expense. Every so often, you just need a simple way to pay for vendors, SaaS or IT without the headache. Now, with Ramp, you can create one-time, single-use virtual cards to pay for vendors or tools—all while getting 1.5% cashback in the process.
And since we’re all about security, whenever a single-use card is created, it’ll be restricted to that vendor. Quick, easy and secure.
Post-transaction reviews for ultimate spend control and insight
At Ramp, we’re all about making sure businesses have the level of control and security that they need. Now that we’ve rolled out post-transaction review, managers can quickly review transactions at the expense policy level and approve them or easily flag them as out of policy.
This ensures that you stay on top of employee spending and that everything is within approved policy. Plus, it ensures SOX compliance.
Check account balance via SMS
When you’re off spending on your Ramp card, the last thing you want to worry about is your card balance. But sometimes, you need that little reminder to keep you on track and give you peace of mind. Now, we’ve rolled out the ability to text the last four digits of your Ramp card to HIRAMP to instantly get your card balance. No need to open your browser and log into your account.
Onboarding made simple with video guides
We pride ourselves in having created a product that’s driven by automation without sacrificing a seamless user experience. But sometimes, you need a little bit more time and help to get the hang of things, even if you’re a seasoned Ramp user.
To help, we created a set of video guides that walks you through the Ramp onboarding process. In these guides, you’ll be able to find tutorials that talk you through functions and features such as setting up Bill Pay, inviting employees and setting merchant restrictions. Our guides can be your source of truth for any onboarding related questions, at your convenience and at your own pace.
Check them out here: