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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, world expense capabilities, cost card controls, and extra.
The brand new instruments will likely be out there beginning in September.
Enterprise finance automation platform Ramp is getting a carry at the moment. The New York-based firm has launched Ramp Plus, a brand new procurement answer to assist companies scale. “With Ramp Plus,” the corporate defined in an announcement, “we’re serving to rising firms with their most advanced monetary operations.”
As we speak’s launch positions Ramp as a extra unified platform to assist finance groups with procurement-related duties. A number of the new capabilities embody:
Procure-to-pay answer that helps companies with spend requests, approval workflows, and buy order monitoring.
International bills and funds capabilities that allow world spending with assist 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 embody cost card auto-locks, transaction evaluation mandates, and flags for out-of-policy bills.
Ramp Plus may be simply built-in inside a corporation’s current tech stack.
Shopify is considered one of Ramp Plus’ early companions. The ecommerce firm is leveraging Ramp’s new expertise to assist handle enterprise bills and difficulty cost playing cards for its 10,000+ workers.
Ramp Plus will likely be out there beginning in September, and Ramp is routinely upgrading all of its current SMBs and mid-market enterprise prospects to Ramp Plus for one yr at no cost. Different current Ramp prospects that join Ramp Plus earlier than September 19 can obtain complimentary entry to the brand new service at no cost for a yr.
Ramp was based in 2019 and serves 15,000 firms 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 Collection C spherical. Eric Glyman is co-founder and CEO.
Picture by Dietmar Janssen
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