We are delighted to announce that Ramp has been named #1 in North America on Fast Company’s Most Innovative Companies list and #9 worldwide. This distinguished award recognizes companies that are transforming industries and driving real impact. This is the second year in a row that Ramp has been recognized by Fast Company and our boosted rankings are a testament to the continued value we drive for customers through our counterintuitive model: creating a finance automation platform designed to help businesses save more.
From day one, we knew combining intelligent spend management software and corporate cards would help our customers build more sustainable businesses. No other company gives finance teams instant access to powerful software that allows them to confidently manage their entire flow of business spend in real time.
This is a paradigm shift from the status quo; the old world of corporate cards disconnected from software is obsolete and archaic. 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.
At Ramp we are creating 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.
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.
Time savings: To date, we've 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.
Money savings: Our commitment to saving businesses their most precious resources has paid off in spades for our customers. We've saved businesses over $405 million through a combination of cashback and savings insights.
The future of finance is here
These time and money savings didn’t materialize out of thin air. We achieved these outcomes not by automating the status quo, but instead by innovating both software advances and new financial products that drive real customer savings.
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. These are the kinds of innovations that our customers need to not only weather volatile market conditions, but to emerge on the other side healthier than ever.
Looking ahead, we see an even greater opportunity to harness the power of AI and machine learning to create more value on behalf of finance teams and their employers.
The card is just the start
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, enabling them to achieve their goals and ushering in a new gold standard for how finance teams can operate. Our team is committed to building by prioritizing long-term sustainability over short-term wins and supporting companies through every step of their lifecycle.
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.
More than a third of our customers today are from word of mouth, proving that we’re driving real outcomes that truly make a difference to businesses of all sizes.
The future of finance is here, and it’s running on Ramp. Sign up today.
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