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What is Ramp Procurement?

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Englisch (Vereinigte Staaten)
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Transkript von What is Ramp Procurement?

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  1. 0:05What is Ramp Procurement?
  2. 0:07Ramp Procurement is a complete spend intake and approval system built directly into the
  3. 0:13Ramp platform you are already using today.
  4. 0:15More than just a request form, it helps your business gain visibility and control over
  5. 0:20every purchasing decision before money is spent.
  6. 0:24With Ramp Procurement, employees can easily submit vendor purchase requests while finance
  7. 0:28teams can ensure the right approvals happen at the right time. This creates a clear and consistent
  8. 0:34process for managing what your company is buying, who it is buying from, how much is being spent,
  9. 0:40and whether those purchases align with budgets and company policies.
  10. 0:45From the moment a request is submitted, Ramp Procurement manages the entire purchasing life
  11. 0:51cycle, routing approvals here, generating purchase orders, and onboarding vendors,
  12. 0:57as well as connecting purchases directly to bills for seamless payment and tracking.
  13. 1:02The result is faster purchasing for employees, stronger spend controls and visibility for finance teams,
  14. 1:08and greater confidence that every dollar is being spent intentionally.
  15. 1:13These are the areas where RAM procurement really shines.
  16. 1:16When it comes to vendor onboarding, RAM procurement automatically collects W-9s,
  17. 1:22banking information and compliance documents from vendors reducing manual work and accelerating
  18. 1:28onboarding. For customization, it offers deep customization for approval and change order
  19. 1:33workflows allowing you to design processes that match how your business operates today
  20. 1:38while supporting the needs of a more complex organization tomorrow. It standardizes spend
  21. 1:45intake by replacing ad hoc requests across email slack and spreadsheets with structured
  22. 1:50trackable forms that create consistency and accountability.
  23. 1:54Bill Pay and Cards are fully connected to Ramp Procurement,
  24. 1:58enabling end-to-end spend control with two-way and three-way matching,
  25. 2:02item receipt tracking, and partial reconciliation capabilities
  26. 2:05to help ensure every purchase is accurate, compliant, and accounted for.
  27. 2:10Lastly, with visibility and access to purchase order history,
  28. 2:14you'll always have access to linked documentation, approval history,
  29. 2:17and activity logs for every purchase order, giving stakeholders the contacts they need
  30. 2:22to make informed decisions.
  31. 2:25Before you can start using RAMP procurement, you must make sure the following is completed.
  32. 2:29You'll want to make sure that your accounting system is connected to RAMP.
  33. 2:32You'll also want to make sure that your RAMP bill pay is set up and activated.
  34. 2:37You can start from scratch or use a template to create a RAMP procurement AI agent to define
  35. 2:42how Ramp reviews requests for new purchases and renewals to automate research, check, and summaries.
  36. 2:48You'll also want to make sure all of your vendors are imported into Ramp. Lastly, you'll want to
  37. 2:54make sure that everyone who will request or approve purchase orders has accepted the Ramp invitation.
  38. 3:00By bringing spend requests, approvals, vendor management, purchasing, and payments into a single
  39. 3:06workflow, Ramp procurement helps your business move faster, strengthen financial controls,
  40. 3:10and scale purchasing operations with confidence.
  41. 3:13Now, let's get everything configured
  42. 3:16so your team can start realizing those benefits from day one.
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