Ramp

Ramp is rolling out a suite of AI agents that handle the buying process end to end, from triaging employee requests and sourcing vendors to running compliance checks and flagging upcoming renewals. The launch marks a significant expansion of Ramp's procurement solution as the company continues to extend from managing spend to running the entire purchasing process from source to payment. The pitch is aimed squarely at the 98% of US businesses that don't have a dedicated procurement function in-house , where new software buys typically devolve into browser tabs, email threads, and an overworked finance lead trying to make sense of it all. The new agents include natural language intake that pre-fills requests and catches policy violations before approval, agent-run due diligence for security and legal reviews, a rebuilt workflow engine with parallel approvals and integrations with CLM and ticketing tools, and a renewal intelligence layer that delivers a negotiation briefing 90 days before contracts expire (pricing benchmarks, Okta seat usage, satisfaction signals, and flagged terms). There is also an early-access zero-touch sourcing capability that researches vendors, generates an RFx, collects responses, and recommends a winner from a single prompt. Every agent is backed by anonymized pricing benchmarks and vendor data from Ramp, tailored to each customer's business size, industry, and specific needs. Why it matters now: AI procurement is the fastest-moving line item on most finance teams' plates, with the average AI contract jumping from $39,000 to over $500,000 in two years , and finance leads are negotiating these deals without the benchmark data that Fortune 500 procurement teams take for granted. Geoff Charles, Chief Product Officer at Ramp, framed the release as a way for finance teams to hire Ramp as an extension of their team. Ramp was founded in 2019 and now serves over 50,000 customers, powering more than $100 billion in purchases annually.