Announcing 2022 Q1 Spending Benchmarks: See how your company's finances stack up


As a business leader, you’re being asked to make tough decisions about your company’s spending these days, with so much volatility in the market. At Ramp we have a unique vantage point and can see where and how companies are spending their dollars in real time. Our mission is to help businesses maximize their most valuable resources—time and capital—so we’re making our insights available today with the release of our new 2022 Q1 Spending Benchmarks report.
The report aggregates anonymized transactions on Ramp cards to identify trends in Q1 (February to April 2022). While transactions recorded on Ramp are just one element in a much larger and more complex story, we can see how companies are adapting to a changing financial landscape, including some shifts that may surprise you. We hope this data will help you make more informed decisions for your business.
What you’ll find
Data on how business spending has shifted since last year

Transaction volume in Q1 of 2022 as compared to one quarter before seesawed between expansion and contraction. Spend data shows the supply chain lagging, while in-person events, meetups and travel are bouncing back, as seen by increased travel and entertainment spend. Check out the full report to see where else business spending rose and fell.
A closer look at T&E spend on Ramp cards over time

Average T&E expenses rose 46% per business in Q1 vs. Q4, with large SMBs seeing the biggest increase. In the full report we compare T&E spend by company size, top industry, and category.
Insights on how companies are adjusting their ad mix

Businesses on Ramp spent less of their budget on ads in Q1 than they did a year ago. Coming out of the Q4 2021 holiday season, the share of spending related to ads decreased from 33.5% of total transaction volume to 28.4%. Download the full report to learn which ad platforms saw the largest increase in spend, and where companies dialed down their budgets.
Trends in software and cloud computing spending

Businesses might have cut back on ad spend in Q1 but spending on software and cloud computing rose, especially for large SMBs. Software spend was driven by increases in industries like diversified consumer services, diversified financials, and software & services. See the full report to find out which ten SaaS vendors captured the most dollars from Ramp customers.
Get the full report
If you want to see how your company spend stacks up against other businesses of your size or industry, download the full report today. Stay tuned for Q2 data coming soon.

Don't miss these
“Our previous bill pay process probably took a good 10 hours per AP batch. Now it just takes a couple of minutes between getting an invoice entered, approved, and processed.”
Jason Hershey
VP of Finance and Accounting, Hospital Association of Oregon

“When looking for a procure-to-pay solution we wanted to make everyone’s life easier. We wanted a one-click type of solution, and that’s what we’ve achieved with Ramp.”
Mandy Mobley
Finance Invoice & Expense Coordinator, Crossings Community Church

“We no longer have to comb through expense records for the whole month — having everything in one spot has been really convenient. Ramp's made things more streamlined and easy for us to stay on top of. It's been a night and day difference.”
Fahem Islam
Accounting Associate, Snapdocs

“It's great to be able to park our operating cash in the Ramp Business Account where it earns an actual return and then also pay the bills from that account to maximize float.”
Mike Rizzo
Accounting Manager, MakeStickers

“The practice managers love Ramp, it allows them to keep some agency for paying practice expenses. They like that they can instantaneously attach receipts at the time of transaction, and that they can text back-and-forth with the automated system. We've gotten a lot of good feedback from users.”
Greg Finn
Director of FP&A, Align ENTA

“The reason I've been such a super fan of Ramp is the product velocity. Not only is it incredibly beneficial to the user, it’s also something that gives me confidence in your ability to continue to pull away from other products.”
Tyler Bliha
CEO, Abode

“Switching to Ramp for Bill Pay saved us not only time but also a significant amount of money. Our previous AP automation tool cost us around $40,000 per year, and it wasn’t even working properly. Ramp is far more functional, and we’re getting the benefits at a fraction of the cost.”
Frank Byers
Controller, The Second City
