Ramp

## What is Ramp's Price Intelligence feature and how does it function?

Ramp's Price Intelligence is a feature accessible through the Vendor Management or Insights > Price Intelligence sections within Ramp. It uses artificial intelligence to extract pricing data from uploaded contracts and benchmarks every SaaS quote against anonymized market data derived from millions of transactions processed by Ramp customers. This crowd-sourced data enables users to understand whether they are paying above market rates, with Ramp surfacing differences if a company pays above the 80th percentile or holds unused seats. The tool provides detailed insights into software pricing down to individual SKUs and cost-per-seat, helping organizations make informed purchasing decisions and negotiate better prices. Ramp's Price Intelligence is supported by millions of data points to inform users exactly what they are paying for and to help obtain the best price every time.