Ramp
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Ramp Overview
Ramp is a future-oriented financial tool that leverages artificial intelligence to streamline and optimize various financial processes. It offers features such as Vendor Management, Smart Accounting, Expenses, and Copilot. These features help users to understand software pricing, speed up monthly close, automate expense submission, and accelerate work with a smart assistant. Ramp's AI capabilities enable it to learn from user actions and provide precise coding, auto-generate receipts and categorization, flag non-compliant expenses, and provide detailed transaction data and recommendations.
Ramp Highlights
- Vendor Management: Ramp uses millions of transactions to provide insights into software pricing, helping users to understand if they are overpaying for software. It also allows users to upload contracts for price benchmarking.
- Smart Accounting: Ramp's auto-coding feature processes thousands of transactions, automatically collects, codes, and categorizes each employee receipt, and flags expenses that require attention.
- Copilot: This smart assistant uses AI to answer questions, build approval workflows, and suggest ways to reduce costs. It provides detailed transaction data and recommendations, and can automate complex tasks.