Q1 2024 Ramp Roundup: New capabilities to make managing spend a breeze
- No more shadow procurement
- Make "doing" expenses easier than ever
- Streamline how you manage spend internationally
- Speed up your close with our new Microsoft Dynamics Business Central integration
- See these features in action
We’ve been releasing product innovations nonstop to help businesses spend smarter and make better financial decisions. From auto-suggested SMS memos to card issuing in Canadian dollars (CAD), our latest capabilities are designed to free your employees from busy work so they stay focused on efforts that drive your business forward. Here’s a quick rundown of our biggest releases from the past few months.
P.S. Don’t miss our April 11th webinar where we’ll be demoing all of these features and hosting a live Q&A.
No more shadow procurement
Are you looking to get ahead of contract renewals and speed up approval times? Now you can easily see how long it’s been since a procurement request was created and address any recurring delays you’re seeing. When employees leave or change teams, easily transfer their purchase orders to a new owner in a single step and automatically notify them. Stay on top of big contract renewals by checking the status of all your contracts in a single place in the Vendors tab and setting reminders for the ones you want to be sure to negotiate or cancel.
Make "doing" expenses easier than ever
Our latest addition to Ramp Intelligence gives more time back to your employees. Ramp’s SMS reminders can now suggest memos for transactions based on past submissions, removing yet another to-do for employees. Moreover, cardholders no longer need to sign into Ramp to manage any part of their expenses. They can now submit accounting categories (in addition to receipts and memos) directly through email or SMS, making their daily expenses easier than ever to manage.
Streamline how you manage spend internationally
Global businesses waste a lot of time juggling multiple currencies, exchange rates, and bank transfers. Now you can issue cards in CAD, allowing your Canadian employees to spend in their local currency and eliminate intercompany transfers. And for employees traveling abroad, we’ve expanded our mileage reimbursement capabilities to support hundreds of countries, including Ireland and Poland, ensuring faster repayments.
Stay tuned later this year for when you can issue cards in pounds (GBP) and euros (EUR).
Speed up your close with our new Microsoft Dynamics Business Central integration
Using Business Central? You can now code transactions, bill payments, and reimbursements in Ramp and easily sync them with one click. Import your chart of accounts and dimensions into Ramp to keep coding accurate and comprehensive. Ramp will also help you keep vendors synced and simplify employee reimbursements.
See these features in action
Got questions on how your business can start using these features? Join our April 11th webinar to see the team walk through these capabilities in more detail and get all of your burning questions answered
Want to stay in the know on all our other releases? Follow along on our Product Announcements page for monthly updates.
“Our previous bill pay process probably took a good 10 hours per AP batch. Now it just takes a couple of minutes between getting an invoice entered, approved, and processed.”
Jason Hershey
VP of Finance and Accounting, Hospital Association of Oregon
“When looking for a procure-to-pay solution we wanted to make everyone’s life easier. We wanted a one-click type of solution, and that’s what we’ve achieved with Ramp.”
Mandy Mobley
Finance Invoice & Expense Coordinator, Crossings Community Church
“We no longer have to comb through expense records for the whole month — having everything in one spot has been really convenient. Ramp's made things more streamlined and easy for us to stay on top of. It's been a night and day difference.”
Fahem Islam
Accounting Associate, Snapdocs
“It's great to be able to park our operating cash in the Ramp Business Account where it earns an actual return and then also pay the bills from that account to maximize float.”
Mike Rizzo
Accounting Manager, MakeStickers
“The practice managers love Ramp, it allows them to keep some agency for paying practice expenses. They like that they can instantaneously attach receipts at the time of transaction, and that they can text back-and-forth with the automated system. We've gotten a lot of good feedback from users.”
Greg Finn
Director of FP&A, Align ENTA
“The reason I've been such a super fan of Ramp is the product velocity. Not only is it incredibly beneficial to the user, it’s also something that gives me confidence in your ability to continue to pull away from other products.”
Tyler Bliha
CEO, Abode
“Switching to Ramp for Bill Pay saved us not only time but also a significant amount of money. Our previous AP automation tool cost us around $40,000 per year, and it wasn’t even working properly. Ramp is far more functional, and we’re getting the benefits at a fraction of the cost.”
Frank Byers
Controller, The Second City
