Top SaaS vendors on Ramp (Nov 2024)
Every month, billions of dollars get processed on Ramp cards for business expenses. And every month, we share the new vendors that customers are purchasing for the first time, to give you a glimpse into emerging market trends, companies on the rise, and much more.
We love seeing new vendors appear on our top vendors list. This month it was healthcare platform Medallion.
Recently named a 2024 Top Startup by LinkedIn, Medallion provides end-to-end automation for credentialing, enrollment, and monitoring providers for healthcare networks. And all of this is AI-powered, of course, continuing the trend we’ve seen across our top vendors for months. Medallion appeared on both the lists of top vendors by new card spend and the biggest percentage change in new card spend.
Here’s a breakdown of the top new vendors for October:
By new customer count | By new card spend |
|---|---|
1. OpenAI | 1. HubSpot |
And the top vendors by the percentage change in spend:
Biggest percentage change in new customer count | Biggest percentage change in new card spend |
|---|---|
1. Microsoft Office / Azure | 1. Medallion |
We’ve seen OpenAI and Anthropic on our lists for a few months now, but the appearance of specialized AI tools, like Pika and Prisma Labs, tells us that companies are continuing to explore specific use cases.
Pika was one of the first AI startups to help companies create impressive videos based on a text prompt. In October, it launched an updated AI model that allows users to apply, in the words of Venture Beat, “eye-popping, physics defying special effects.” Slice a hot air balloon like a cake, squish people in your favorite meme, melt a toilet—these are just a few effects that have taken X by storm and are driving new customers to the platform.
Prisma Labs is another way that Ramp customers are injecting creative AI into their businesses. The company creates AI apps that helps customers transform photos into artwork, retouch photos in one click, tune foregrounds and backgrounds, and more.
“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
“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
