CoreTrust has announced a partnership with Ramp, in a move to enhance its supplier portfolio to provide its members with artificial intelligence (AI)-powered financial solutions.
This collaboration allows CoreTrust members to access advanced tools designed to streamline financial operations, reduce expenses, and adapt effectively to the current economic landscape.
Since its establishment in 2006, CoreTrust has served as a partner for procurement professionals seeking cost efficiencies in indirect spend categories and price stability in fluctuating markets.
With the inclusion of Ramp, CoreTrust extends its offering by integrating a platform that simplifies expense management and improves transparency in financial operations.
The Ramp platform aids members in cutting costs and enhancing operational efficiency by delivering real-time insights and automating finance workflows.
Ramp’s platform is designed to transform business financial management through the integration of corporate cards with modern software. This unified approach consolidates expenses, bill payments, travel, procurement, and treasury operations into a single platform equipped with automation features.
Through this partnership, CoreTrust members can access software that manages spending while automating routine tasks, allowing resources to be allocated towards growth initiatives.
Ramp operates as a financial operations platform aimed at saving businesses time and money.
By combining payments, corporate cards, vendor management, procurement, travel booking, and automated bookkeeping with intelligent features, Ramp optimises both financial efficiency and resource allocation.
With over 30,000 clients ranging from small enterprises to space-focused startups, Ramp reports savings of $2bn and 20 million hours for its users since its founding in 2019.
Ramp chief business officer Colin Kennedy said: “Businesses lose billions every year to inefficient financial processes and missed savings opportunities. Ramp has already helped tens of thousands of companies transform their financial operations, driving $1bn in cost savings and automating more than 10 million hours of financial work last year alone.
“We’re excited to extend these savings to CoreTrust members and help businesses across America achieve the operational and financial excellence that drives sustainable growth.”
CoreTrust has been engaged in group purchasing since 2006, offering over $8bn in annual purchasing power through more than 125 pre-negotiated supplier contracts across various categories.
CoreTrust CEO Mahesh Shah said: “At CoreTrust, we are committed to delivering exceptional value to our members, especially during challenging market conditions.
“Ramp’s AI-powered platform aligns perfectly with our mission to help businesses save time and money. Together, we’re simplifying expense management and empowering businesses to focus on what matters most—growth and innovation.”
