Download our new report: finance automation and how it’s driving finance-led growth
- A new era of finance automation
- How our report is helping finance teams achieve more
- Our key findings
- How Ramp eliminates manual finance work to fuel business growth
- Get the full report
As finance teams consider strategies to stay competitive and increase their ROI, they’re exploring different ways to gain a foothold in their respective industries. One common theme across the board for teams looking to stay ahead of the curve? Finance automation. We’re excited to announce our new report, “Finance Automation: The Key to Finance-Led Growth” is live today. The report shows that finance automation platforms are becoming a necessity for finance teams looking to have an impact and differentiate themselves from the competition.
A new era of finance automation
While the term “finance automation” isn’t brand new, it has come to encompass a new wave of advancement in finance functions. Finance automation is the utilization of technology to replace manual tasks and processes. It eliminates tedious, time-consuming work, such as manually uploading receipts, in favor of meaningful, strategic projects that can actually move the needle. Companies equipped with powerful financial operations (FinOps) and finance automation are able to save time and money, and set themselves up for finance-led growth.
How our report is helping finance teams achieve more
Our report has the information finance decision makers need to cut down on manual work and focus on strategic initiatives. So their teams can finally work on the business, instead of just in it.
Our key findings
In our report, we asked 500+ finance leaders about how they’re viewing finance automation in 2022. From how they’re investing in finance automation functions, to the biggest concerns about implementing this technology, our report reveals valuable insights, including:
- Despite automating, only half of all finance leaders have real-time visibility into spending: 91% of finance leaders think real-time visibility is critical, but only half have it.
- Most finance leaders don’t feel confident about the ability to measure their spend: Nearly 6 in 10 finance leaders don’t feel confident about their organization’s ability to measure wasted spending.
- Over half of finance leaders think finance automation gives them an advantage in productivity: 61% believe that increased productivity from automation has created a competitive advantage for their organizations.
- Most finance leaders see a greater need for processes that can support additional decentralized spending:87% say there is a greater need for processes that can support more decentralized spending while also maintaining cost control.
How Ramp eliminates manual finance work to fuel business growth
Manual finance processes drain your team's time and create bottlenecks that prevent scaling. You're probably familiar with the cycle: employees submit expense reports weeks late, your team chases down receipts and approvals, and by the time everything's reconciled, you're already behind on the next month's close. Meanwhile, your competitors who've automated these workflows are reinvesting those hours into strategic initiatives that drive growth.
Ramp's expense management platform transforms these time-consuming tasks through intelligent automation. When employees make purchases with Ramp cards, transactions flow directly into your accounting system with merchant data, categories, and receipts automatically attached. No more manual entry or receipt matching. Your team sets spending rules and approval workflows once, and Ramp enforces them automatically—blocking out-of-policy purchases before they happen rather than flagging them weeks later during reconciliation.
The platform's AI-powered receipt matching and memo generation eliminates hours of manual work. Employees simply snap a photo of their receipt, and Ramp's technology extracts the relevant data, matches it to the corresponding transaction, and even generates detailed memos for your records. For recurring expenses, Ramp learns your categorization patterns and applies them automatically, reducing month-end close time from days to hours.
Beyond expense management, Ramp's bill pay automation streamlines your entire AP process. The system captures invoice details, routes them through custom approval chains based on amount or vendor, and schedules payments to optimize cash flow. You maintain complete visibility into pending payments and cash requirements while eliminating the manual work of invoice processing and payment execution. This automation doesn't just save time—it gives your finance team the bandwidth to focus on analysis and strategy that drives competitive advantage.
Get the full report
Want to see how finance automation drives growth across different industries? Download our comprehensive report featuring insights from over 500 finance leaders and CFOs on the strategies that separate market leaders from the competition.
“When our teams need something, they usually need it right away. The more time we can save doing all those tedious tasks, the more time we can dedicate to supporting our student-athletes.”
Sarah Harris
Secretary, The University of Tennessee Athletics Foundation, Inc.
“Ramp had everything we were looking for, and even things we weren't looking for. The policy aspects, that's something I never even dreamed of that a purchasing card program could handle.”
Doug Volesky
Director of Finance, City of Mount Vernon
“Switching from Brex to Ramp wasn’t just a platform swap—it was a strategic upgrade that aligned with our mission to be agile, efficient, and financially savvy.”
Lily Liu
CEO, Piñata
“With Ramp, everything lives in one place. You can click into a vendor and see every transaction, invoice, and contract. That didn’t exist in Zip. It’s made approvals much faster because decision-makers aren’t chasing down information—they have it all at their fingertips.”
Ryan Williams
Manager, Contract and Vendor Management, Advisor360°
“The ability to create flexible parameters, such as allowing bookings up to 25% above market rate, has been really good for us. Plus, having all the information within the same platform is really valuable.”
Caroline Hill
Assistant Controller, Sana Benefits
“More vendors are allowing for discounts now, because they’re seeing the quick payment. That started with Ramp—getting everyone paid on time. We’ll get a 1-2% discount for paying early. That doesn’t sound like a lot, but when you’re dealing with hundreds of millions of dollars, it does add up.”
James Hardy
CFO, SAM Construction Group
“We’ve simplified our workflows while improving accuracy, and we are faster in closing with the help of automation. We could not have achieved this without the solutions Ramp brought to the table.”
Kaustubh Khandelwal
VP of Finance, Poshmark
“I was shocked at how easy it was to set up Ramp and get our end users to adopt it. Our prior procurement platform took six months to implement, and it was a lot of labor. Ramp was so easy it was almost scary.”
Michael Natsch
Procurement Manager, AIRCO
