Ramp

## What procurement features does Ramp offer to streamline purchasing and vendor management?

Ramp's procurement capabilities cover the entire workflow from intake to payment, including custom intake processes, vendor onboarding, approval workflows tailored to company needs, purchase order and receiving management, and two- and three-way matching to verify invoices and protect against overbilling. Ramp provides real-time vendor price benchmarking and price intelligence to assist in negotiating better contracts and reducing procurement time by up to 80%. Ramp Procurement integrates bi-directionally with Ironclad to trigger contract reviews when purchase requests are created and stores executed contracts alongside approved requests and vendors. The system also automatically generates purchase orders to clarify upcoming invoices.