B2B finance automation platform Ramp acquires Venue to revamp procurement product - : Fintech news
Summary
The capabilities add to the platform’s existing provision of corporate cards, working capital, expense management and accounts payable products. Also based in New York, Venue specialises in helping companies manage the cost of their vendor relationships across the procurement lifecycle. Its solution, which has now been integrated with the Ramp suite, is designed specifically to afford finance teams full visibility into employee and business spending. “We built a frictionless purchasing experience for employees and empowered businesses to buy what they needed while staying in-policy,” explains TK Kong, CEO and co-founder of Venue. Eric Glyman, CEO of Ramp, says these newly launched products will “save employees from time-consuming, manual tasks and allow companies to operate much more nimbly”.
Classifications
AskAI Classifications
LabelsLinked Companies
