📈Ramp
Connect out to payment system Ramp to enable bill pay and three way matching functionality
Integration Overview
Ramp is a payment platform with approval workflows and three-way matching capabilities. The integration with Ramp allows your purchasing team to create purchase orders in ION and have them approved and paid in Ramp. Future integrations will create receipts in Ramp when purchases are received in ION. Having the purchase order, receipt, and invoice enables three-way matching capabilities.
See this article for more information about three-way matching with Ramp.
Business Process Diagram
Suggested Process Flow
Explanation of suggested flow:
Vendors can be created in Ramp and pushed to ION as suppliers.
Available suppliers can be used to create purchase orders in ION
Once the purchase order is moved to 'in_review' the PO is created in Ramp
Once finance approves the PO in Ramp the integration moves the purchase order to 'approved' in ION so that the purchase can be sent to the supplier
Once the purchase order is received a matching receipt is created in Ramp
After the invoice has been entered in Ramp the three-way match is initiated enabling bill pay
Once paid, the integration marks the ION PO as paid
Alternate flows
If you are interested in alternate flows like doing your approvals in ION, the integration can be configured to fit your needs.
Deployment
Please reach out to businesssolutions@firstresonance.io for more information and to request setup
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