#United States #Ramp #Stanford #Expense Management #Stanford Athletics

Stanford Athletics Partners with Ramp

In a significant move to optimize its financial operations, Stanford Athletics has entered a multi-year partnership with Ramp, a leading financial operations platform. This collaboration designates Ramp as the official expense management partner for Stanford's athletic department, establishing a framework to modernize and enhance their financial workflows.

Unifying Financial Operations

The primary goal of this partnership is to improve visibility, efficiency, and control across the numerous financial processes within Stanford Athletics. Eric Glyman, co-founder and CEO of Ramp, emphasized the importance of operational efficiency, stating, "Behind every great athletic program is an enormous amount of operational work. Ramp brings speed and control to how Stanford Athletics manages spend across dozens of programs."

Stanford Athletics is responsible for the welfare of nearly 900 student-athletes across 36 varsity sports, making the need for precise financial management critical. John Donahoe, the Jaquish Kenninger Director and Chair of Athletics, remarked on the challenges faced in managing such a vast array of programs, noting that Ramp's platform will play a crucial role in streamlining processes. "Managing financial operations across 36 varsity programs requires precision, visibility, and speed," he stated.

Ramp's Integral Role

The tools and insights provided by Ramp are designed not only to enhance expense management but also to bolster financial transparency. By implementing Ramp, Stanford aims to facilitate quicker and more informed decision-making at scale. The platform's capabilities will significantly support the daily operations of coaches and staff, ultimately fostering a more efficient athletic department.

In addition to its financial management offerings, Ramp will extend its presence throughout Stanford Athletics. This presence will include in-venue signage at prominent locations such as Stanford Stadium and Maples Pavilion, alongside robust digital and content integrations. These efforts will further cement the partnership's significance in the Stanford community.

Building Community Connections

The partnership will also evolve into a content series that focuses on Stanford student-athletes, designed to enhance engagement with both the athletic program and the wider Stanford community. Collaborative events are on the horizon, aimed at connecting industry leaders with Stanford's vibrant community, demonstrating Ramp's commitment beyond just financial operations.

About Ramp

Founded in 2019, Ramp has positioned itself as a leader in financial operations, providing an all-in-one solution that includes corporate cards, expense management, bill payments, and automated bookkeeping services. His expertise has saved over 50,000 organizations an impressive $10 billion and 27.5 million hours. This innovative approach has empowered Ramp to facilitate more than $100 billion in purchases annually.

About Stanford Athletics

Stanford's Department of Athletics, Physical Education and Recreation (DAPER) is renowned for its commitment to excellence, supporting roughly 900 student-athletes across numerous sports. With an impressive track record of achievement, including 26 Learfield Directors' Cups and a 98% graduation rate among student-athletes, Stanford Athletics is not only a leader in competitive sports but is also dedicated to fostering academic success among its athletes.

With Ramp by its side, Stanford Athletics is poised to further enhance its financial operations, ensuring optimal support for its athletes and coaches as they strive for excellence in both sports and academics.