Ramp

## How does Ramp facilitate vendor contract management and renewal tracking?

Ramp maintains a centralized system of record called the Managed Vendors table, which stores vendor data including active contracts. It automatically selects Managed Vendors based on criteria like recent spend, active procurement requests, and existing contracts. Ramp provides renewal reminders and custom fields to help users track contract terms, renewal dates, and ownership. After saving contract data, users can view a summary and a visual timeline of contract dates from the vendor profile. This structured vendor management mitigates compliance risks and ensures proactive contract oversight.