- Ramp is launching Ramp Plus, a brand new suite of procurement instruments.
- Ramp Plus will assist finance groups with procurement-related duties, together with approval workflows, international expense capabilities, cost card controls, and extra.
- The brand new instruments will probably be accessible beginning in September.
Enterprise finance automation platform Ramp is getting a raise immediately. The New York-based firm has launched Ramp Plus, a brand new procurement resolution to assist companies scale. “With Ramp Plus,” the corporate defined in an announcement, “we’re serving to rising corporations with their most advanced monetary operations.”
Right this moment’s launch positions Ramp as a extra unified platform to assist finance groups with procurement-related duties. A few of the new capabilities embrace:
- Procure-to-pay resolution that helps companies with spend requests, approval workflows, and buy order monitoring.
- International bills and funds capabilities that allow international spending with help for a number of entities, a number of currencies, tax reporting, and debiting for choose currencies.
- A workflow builder that helps companies automate advanced processes with rules-based workflows.
- Enhanced controls and coverage enforcement that embrace cost card auto-locks, transaction assessment mandates, and flags for out-of-policy bills.
Ramp Plus may be simply built-in inside a corporation’s present tech stack.
Shopify is one in all Ramp Plus’ early companions. The ecommerce firm is leveraging Ramp’s new expertise to assist handle enterprise bills and challenge cost playing cards for its 10,000+ workers.
Ramp Plus will probably be accessible beginning in September, and Ramp is robotically upgrading all of its present SMBs and mid-market enterprise prospects to Ramp Plus for one yr totally free. Different present Ramp prospects that join Ramp Plus earlier than September 19 can obtain complimentary entry to the brand new service totally free for a yr.
Ramp was based in 2019 and serves 15,000 corporations that vary in dimension from startups to enterprises with its suite of cost playing cards, expense administration instruments, accounts payable choices, working capital, and extra. The corporate has raised $1.4 billion in funding, together with its most up-to-date $200 million Sequence C spherical. Eric Glyman is co-founder and CEO.
Photograph by Dietmar Janssen
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