Celebrating four years and $400M+ saved for our customers
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This month, Ramp turned four years old. In the past 1472 days since Ramp incorporated, we’ve helped our 15,000+ customers, from small businesses to leading enterprises, reduce their spend by over $400,000,000 and save 5.8 million hours of labor. Today, Ramp remains the only company in our industry that measures how much money and how much time we’ve saved customers.
We drive value for customers through our counterintuitive model: creating a finance automation platform designed to help businesses spend less. By obsessing over our customers and the value we deliver for them—and helping these businesses get more out of every dollar and hour—Ramp continues to achieve industry-leading growth. In 2022, Ramp’s revenue closed at 4x our prior year revenue, maintaining our position as America’s fastest growing corporate card and bill payment software.
We’re just getting started and we’re here to serve you.
Ramp’s finance automation platform is built for immediate savings
What matters most to finance leaders is conserving their organization's most valuable assets: time and money. Rather than asking businesses to spend big on exorbitant initial costs only to provide lackluster results, we’ve created a finance automation platform that delivers at the outset.
From day one, we believed combining intelligent spend management software and corporate cards would help our customers build more sustainable businesses.
This is a paradigm shift from the status quo; the old world of corporate cards disconnected from software is obsolete. For too long, companies have suffered with siloed card and expense management solutions, creating inefficient, burdened finance teams that lacked an automated and tightly coupled system of reporting and control. This in turn saddled regular employees with monotonous, low-value work. It's time for a better way.
Time savings: To date, Ramp has saved teams 5.8 million hours of painstaking, low-value work—including 87 thousand hours of finance teams' time mapping transactions to accounting categories and 1.1 million hours of employee time manually submitting expenses. In the last six months alone, we’ve saved employees over 60 working years that would have been spent on submitting receipts and filing expense reports. We are proud of every single minute that we save for customers, including accounting leaders like Kay Coolican at Clearbit, who shared, “Before Ramp, our month-end close took approximately 10 days. Now it takes three to four days—it's unbelievable.”
Money savings: Our commitment to saving businesses their most precious resources has paid off for our customers. We've saved businesses over $405 million through a combination of actionable, personalized savings insights and cashback. Each dollar saved is a dollar that can go to our customers’ bottom lines, or go towards growth and strategic investment. We continue to work hard for entrepreneurs building businesses like Nick Greenfield of Candid, who shared, “Ramp found over $250,000 in savings right out of the gate. That is far more valuable than any points program.”
The future of finance is here
These time and money savings didn’t come from automating the status quo. We achieved these outcomes by innovating both software advances and new financial products that drive real customer savings.
At Ramp we are working to create the best version of finance operations with a corporate card anchored by software that generates efficiency and savings with every swipe. We are fortunate to partner with forward-thinking finance teams who value operational rigor, especially in the current economy. Leading companies like Webflow have used Ramp to reduce their reconciliation time by 75% while also achieving better financial control and deeper spend visibility.
Each of the capabilities we launched over the last year—from flexible financing for all bills to AI-powered receipt matching integrations—are indicative of this strategy, and represent the customer-centric thinking that we use as the north star for our products. Why couldn’t businesses get 30-day payment terms when they were paying bills by ACH or check? Why were employees still spending hours uploading receipts that were sitting in their inbox?
By tackling these kinds of questions, we’ve helped our customers save more via consistent spend controls, real-time reporting insights, and improved visibility across all accounts.
Ramp is the platform for businesses that value operational and financial rigor
Ramp is helping complex, scaled modern businesses more efficiently manage more than $1 billion per month in spend—from beloved consumer brands like Barry’s Bootcamp, Caraway, and 818 to tech companies like TaskRabbit, Quora, and Attentive.
Ramp customers share a desire to be more efficient, to achieve a better bottom line, and to outperform for their employees and shareholders. As they succeed, we do too. In 2022, Ramp’s revenue closed at 4x our prior year revenue and we believe this industry-leading growth is a direct reflection of our commitment to customers. Leaders across all industries, from those at the forefront of defense (Anduril), to self-driving cars (Waymo), to remote hiring (Deel) and beyond see the value and are picking Ramp. More than a third of our customers today are from word of mouth, demonstrating that we’re driving real outcomes that truly make a difference to businesses.
We are here to serve
Ramp is building a new way forward for finance, and we’ve only just scratched the surface. We will continue to deliver meaningful time and money savings for our customers so they can grow. Our customers all look to Ramp for the same value: run their business more efficiently. Every company has a mission—and we help them achieve that mission faster.
We are confident that our strategy is working because we see our customers win. They’re making smarter decisions via intelligent, real-time data and freeing up their teams to work on meaningful work by automating laborious, low-value tasks.
The future of finance is here, and it’s running on Ramp. Sign up today.