- Better business travel is here.
- New automations to streamline your bills
- Make purchases seamless (and transparent).
- Close your books with more control and accuracy
It seems hard to believe, but somehow we’re already halfway through 2024. It seems the only thing moving faster than the calendar is our product.
And we’re not slowing down. In fact, we just released our biggest update of the year.
Read on for a breakdown of all the great features we released in Q2, or watch our recent webinar.
Better business travel is here.
For most companies, booking travel is painful and expensive. But it doesn’t have to be! With Ramp Travel, businesses can centralize 100% of their T&E spend on one intuitive platform. Build custom travel policies to prevent out-of-policy spend on everything from per-diems to hotel rates. Ramp will automatically collect and match receipts across all transactions and route to the right budget and category.
If your team is traveling for an offsite, you can even share a limit and let team members spend towards it, saving you from the labor-intensive monotony of approving the same expense over and over again.
“With the addition of Ramp Travel, we will have consolidated four platforms into one.” – Andrew Clarke, VP Finance, STUDS
See more info: 10 frequently asked questions about Ramp Travel. Interested in a feature you don’t see listed? Send your feedback and ideas at [email protected].
New automations to streamline your bills
Our latest accounts payable features are designed to help you manage bills more easily. Reduce the time spent going back and forth between platforms, emails, receipts, etc. You can now automatically send vendors a secure, single-use card that locks and matches the transaction to your bill once paid, all while earning cashback on every bill payment. And we’ve added the ability to take actions in bulk—allowing you to edit dates, descriptions, accounting categories, and much more.
Have any recurring bill payments that you manage? Whether for rent or utilities, set up automated and scheduled bills on a recurring cadence and choose an end time if needed. You can also see the status of your bills—existing recurring series, bills part of a series, and future bills in a series.
“We used to have so many fraud issues. We were paying hundreds of bills monthly by check and it left our organization exposed. Ramp has completely solved the issue—it’s a cure-all.” – Michelle LaBonney, Director of Finance & Operations, Nevada Partnership for Homeless Youth
Make purchases seamless (and transparent).
Looking to save time and cut costs? Set tolerance thresholds to auto-block bill creation if the matched invoice and PO line item exceed your preferred amount or percentage. Employees can drop in screenshots, order forms, or contracts into a procurement request form, and Ramp will scan and populate the request automatically. They can also code tracking categories for expense line items or select inventory from NetSuite and QuickBooks directly in the form.
"We had a procurement process before, but it was so manual. It used to take five emails to get the right approvals, then we had to manually create the PO and resend that over email. Now the requestor just puts it into Ramp and the approval workflow triggers right away." – Chad Nichols, Controller, Ultra Clean Express"
Close your books with more control and accuracy
Keeping accurate records of transactions shouldn’t be so challenging. That’s why we built new enhancements to simplify your month-end process. You can now choose to use either the clearing date or transaction date for reports in Ramp. If you use Sage Intacct and Xero, you can also adjust the bill accounting date to make reporting more precise.
You can now choose to use either the clearing date or transaction date for reports in Ramp. If you use Sage Intacct and Xero, you can also adjust the bill accounting date to make reporting more precise.
And for customers on the Ramp Plus plan—if your company has international subsidiaries using their own currency, you can choose what currency to use when syncing expenses.
“Ramp has been a saving grace by organizing and consolidating systems and giving us real time visibility across 23 entities.” – Shawn Gordon, Sr. Accounting Manager, Heyday Wellness
“I assumed I would have to choose between speed and control. What I found is that you can have both. A well-designed system takes friction out, for the finance function and for everyone else.”
Justin Webster
CFO, Denver Broncos
“A well-run district should not have to choose between getting work done at the school site and keeping control of the dollars behind it. We're not hiring more people to do more jobs, so we have to be smarter about the process. With Ramp, the purchase, the receipt, and the record stay together from the start. ”
Nick Brizeno
Director of Purchasing, San Marcos Unified School District
“In senior living, scale only works if the communities still feel personal. We needed the back office to carry more of the complexity, not the people serving residents. Ramp helped us build that infrastructure, so the experience in the community could stay human.”
Ryan Cole
CFO, Agemark Senior Living
“AI is moving faster than the finance context around it. Prices change, models change, and the value is not always obvious from an invoice. We needed enough detail to know which bets deserved more investment — and which ones did not.”
Greg Cooley
Controller, AngelList
“Invoices, cards, tokens. The categories change but the principle doesn't: know where the money is going, remove the work around it, and make sure the spend is worth it.”
Maciej Mylik. Finance
ElevenLabs
“We weren’t trying to retrofit an old finance system. We had a blank canvas, and Ramp gave us the foundation to build a global finance function of the future.”
Justin Dourado
Director of Finance, Othership
“There's just no surprises anymore. No more waiting two months to find out how a job did. We know how it's doing as it's happening.”
Erich Kuss
Financial Systems Manager, Infinity Home Services
“More token spend isn’t proof that AI is working. Less isn’t proof that it isn’t. What matters is whether we’re buying the right level of intelligence for the work. Ramp lets us make that judgment in the same place we manage every other type of spend.”
Cody Nutt
Senior Director of Business Systems, Daxko
