Ramp

Ramp Intelligence is an AI-powered tool specifically designed for finance teams. Its main goal is to save time, reduce costs, empower teams, and uncover opportunities. The tool offers various AI features that are currently available for early access.

One of the key features of Ramp Intelligence is Vendor Management. This feature allows users to easily track all vendors and contracts. It also provides software price intelligence, which helps businesses get the best deal. By utilizing crowd-sourced data from real transactions, the tool provides users with instant comparisons and cost-per-user details, enabling more successful negotiations.

Another notable feature is Smart Accounting. This feature aims to speed up monthly close processes by automating the coding of employee receipts, accurately categorizing transactions, and suggesting precise coding based on user actions and expert accountant insights. This helps users efficiently process thousands of transactions and only review flagged expenses that require attention.

Ramp Intelligence also offers Expenses management capabilities. It automates the collection and matching of receipts for error-free expense submission. The tool generates AI-generated fields, categories, and memos, eliminating guesswork and ensuring policy compliance. Non-compliant expenses are flagged, and employees are automatically notified.

Additionally, the tool provides a smart assistant called Copilot. This assistant uses AI to answer questions, build approval workflows, and suggest ways to reduce costs. It provides detailed transaction data and recommendations for quick analysis and offers full transparency into the financial data that supports its answers.

Overall, Ramp Intelligence is a comprehensive AI tool for finance professionals. It provides speed, accuracy, and insights to streamline processes and optimize financial management.