Ramp Intelligence is an AI-powered tool designed for finance teams to save time, reduce costs, empower teams, and uncover opportunities. It offers several AI features that are available for early access.
One of the key features of Ramp Intelligence is Vendor Management, which allows users to track all vendors and contracts. It also provides software price intelligence, helping businesses to get the best deal.
The tool utilizes crowd-sourced data from real transactions to provide users with instant comparisons and cost-per-user details, enabling more successful negotiations.Another notable feature is Smart Accounting, which aims to speed up monthly close processes.
It automates the coding of employee receipts, categorizes transactions accurately, and suggests precise coding based on user actions and expert accountant insights.
This helps users process thousands of transactions efficiently and review only flagged expenses that require attention.Ramp Intelligence also offers Expenses management capabilities, automating the collection and matching of receipts for error-free expense submission.
It 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, which 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, providing speed, accuracy, and insights to streamline processes and optimize financial management.