Ramp Procurement offers an AI‑driven intake‑to‑pay platform that automates purchase requests, parallel approvals, and invoice reconciliation in a single system. By extracting data from contracts or plain‑language inputs, it auto‑fills forms, generates purchase orders, issues virtual cards, and provides vendor intelligence to accelerate procurement cycles and improve financial control for finance, procurement, and operations teams.
Funding
Funding not disclosed
Founders
Product
Problem
Companies often struggle with slow, manual procurement processes that require extensive data entry, multiple sequential approvals, and error‑prone invoice reconciliation, leading to delayed purchases and overspending.
Solution
Ramp Procurement provides an AI‑driven intake‑to‑pay platform that automates request creation, routes approvals in parallel, and manages purchase orders, three‑way matching, and payments within a single system. Users can upload contracts or describe needs in plain language, and the AI extracts key details, populates request forms, and initiates the workflow. Integrated with tools such as Slack, Ironclad, NetSuite, QuickBooks Online, and Okta, the solution offers real‑time collaboration, automated compliance checks, and vendor intelligence to negotiate better pricing and prevent renewal waste. The result is a procurement cycle that is up to three times faster, with reduced manual effort and improved financial control.
Target Audience
Primary users are finance, procurement, and operations teams at mid‑size to large enterprises that manage recurring software subscriptions, hardware, services, and contractor spend.
Features
- AI‑powered intake that parses contracts or screenshots to auto‑fill request forms and trigger approvals
- Rules‑based, parallel approval routing that engages finance, IT, legal, and security simultaneously
- Automatic purchase order generation and synchronization with NetSuite and QuickBooks Online
- One‑time virtual cards issued instantly after approval for immediate purchasing
- Two‑ and three‑way matching of invoices, purchase orders, and receipts with real‑time discrepancy alerts
- Vendor intelligence platform that benchmarks pricing, tracks renewals, and surfaces unused software seats via Okta integration
- Full audit trail and centralized document repository for contracts, W9s, and compliance records
- Slack and Ironclad integrations for in‑app approvals and contract reviews