May 9, 2023

Ramp recognized by CNBC Disruptor 50 for creating the best version of finance

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Over the past 30 years, we’ve seen tech innovations transform key business functions, from marketing to sales and support. Yet finance remains in the dinosaur age, riddled with expense reports and manual closing of the books.

At Ramp, we’re building the future of finance, not by digitizing accounting gruntwork but helping finance leaders re-engineer their operations from the ground up and finally take control of business spending in real time, through corporate cards anchored by best-in-class software.

We’re proud that this paradigm shift that we’ve been leading since day one has catapulted us onto CNBC’s Disruptor 50 list this year. The annual ranking honors the top fifty private companies whose innovations are revolutionizing their industries and changing the way people live and work.

Our counterintuitive model: helping businesses save more

The award is a testament to our mission since day one to help businesses spend less, not more.

Legacy financial institutions over-index on chatbots and cushy rewards as the future of finance. We believe the best version of finance is actually one where finance teams are empowered by the right tools to make confident decisions that result in healthier and more profitable businesses. 

Imagine a smarter finance function where: 

  • Every outgoing dollar is tracked in real time through a single platform that’s connected to all of your payments. 
  • Built-in expense reporting saves time for employees and allows your accounting team to close the books 8x faster and with fewer errors.
  • Intelligence helps your finance team avoid overspending or duplicate payments through automation that constantly analyzes employee spending in the background.

With Ramp, this version of finance is available. Every time your employees swipe their corporate cards or submit invoices for payment, your finance team understands where and how the money is being used. Accounting reconciliation happens automatically, freeing up more time for deeper finance work. Through a consolidated view of all financials, everyone is able to tackle bigger picture questions that drive the business forward.

The result? Over $400M dollars saved for over 15,000 businesses

Ramp is helping complex 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. 

To date, Ramp has saved businesses millions through a combination of cashback and savings insights. 

We’ve saved teams millions of hours of painstaking accounting work as well, thanks to technology that automatically collects receipts from employees and maps transactions to their proper categories. 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. 

This new way of doing finance is helping Ramp customers grow in a challenging economy. Companies that joined Ramp early last year—at the height of recession fears—have increased their average headcount by 51% since onboarding.  

Get the best version of finance today

As interest rates rise and the cost of capital gets more expensive, the top priority for any business—from startup founders to enterprise CFOs— is to get more out of every dollar. Helping our customers save more is our North Star. Let us help you: get started with Ramp.

Head of Content, Ramp

Fiona Lee is the Head of Content at Ramp, overseeing content marketing, customer education, and customer marketing. She brings over a decade of editorial experience developing high-quality B2B content. Prior to Ramp, she led content teams at companies large and small, including Google and Intercom, where she developed a strong interest in small businesses growth topics. Fiona graduated from UC Berkeley with a degree in English.

FAQs

How Crossbeam saved $10K+ with Ramp Price Intelligence

“Right now, I text a group of colleagues and search online—but being able to know within a 5% variance that we are solid on pricing? That gives me peace of mind."
Matt Dougherty, Senior Director of Finance, Crossbeam

How Clearbit closed the books >60% faster with Ramp + NetSuite

“Before Ramp, our month-end close took approximately 10 days. Now it takes three to four days—it's unbelievable.”
Kay Coolican, Accounting Manager, Clearbit

How Ramp helped Webflow lay a foundation for sustained growth

“This product allows us to enable our employees to be full-time right away, Ramp allows us to onboard people quicker, it allows us to get them the tools they need, which in many cases they need to be able to spend in order to grow.”
Ivan Makarov

How Candid expanded internationally with Ramp

“Ramp found over $250,000 in savings right out of the gate. That is far more valuable than any points program.”
Nick Greenfield, CEO, Candid

How FirstBlood’s switch to Ramp sped up their monthly close

“If I code one transaction with a certain vendor, Ramp knows. It makes suggestions based on past transactions. It just works.”
Kyle Potter, CFO, FirstBlood

How Elementus overhauled its spend management with Ramp

“The fact that I can have an expense, match it with a receipt immediately, upload it, and then integrate it into QuickBooks is a godsend.”
Matt Austin, Vice President of Operations, Elementus

How Eight Sleep consolidated their finance stack and launched a new product with Ramp

“Identifying the invoice, finding it in Ramp Bill Pay, and flexing it from there, takes all of one minute…it’s only a few clicks and you’re done.”
Irish Rose, Controller, Eight Sleep

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