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.
“When our teams need something, they usually need it right away. The more time we can save doing all those tedious tasks, the more time we can dedicate to supporting our student-athletes.”
Sarah Harris
Secretary, The University of Tennessee Athletics Foundation, Inc.
“Ramp had everything we were looking for, and even things we weren't looking for. The policy aspects, that's something I never even dreamed of that a purchasing card program could handle.”
Doug Volesky
Director of Finance, City of Mount Vernon
“Switching from Brex to Ramp wasn’t just a platform swap—it was a strategic upgrade that aligned with our mission to be agile, efficient, and financially savvy.”
Lily Liu
CEO, Piñata
“With Ramp, everything lives in one place. You can click into a vendor and see every transaction, invoice, and contract. That didn’t exist in Zip. It’s made approvals much faster because decision-makers aren’t chasing down information—they have it all at their fingertips.”
Ryan Williams
Manager, Contract and Vendor Management, Advisor360°
“The ability to create flexible parameters, such as allowing bookings up to 25% above market rate, has been really good for us. Plus, having all the information within the same platform is really valuable.”
Caroline Hill
Assistant Controller, Sana Benefits
“More vendors are allowing for discounts now, because they’re seeing the quick payment. That started with Ramp—getting everyone paid on time. We’ll get a 1-2% discount for paying early. That doesn’t sound like a lot, but when you’re dealing with hundreds of millions of dollars, it does add up.”
James Hardy
CFO, SAM Construction Group
“We’ve simplified our workflows while improving accuracy, and we are faster in closing with the help of automation. We could not have achieved this without the solutions Ramp brought to the table.”
Kaustubh Khandelwal
VP of Finance, Poshmark
“I was shocked at how easy it was to set up Ramp and get our end users to adopt it. Our prior procurement platform took six months to implement, and it was a lot of labor. Ramp was so easy it was almost scary.”
Michael Natsch
Procurement Manager, AIRCO
