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Software spending grew 24% in Q3
That's the fastest across the 40+ categories tracked on Ramp. See what AI purchases are giving companies an edge and where usage is spiking among teams.
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Summary
What you'll learn
Billions of dollars processed on Ramp’s platform in Q3 show how companies handled the ups-and-downs of the American economy. See what companies purchased by organization size, sector, and vendor.
Key findings
01
AI spending on Ramp cards crossed the $20M mark in Q3. Engineering teams are spending the most on AI as they incorporated AI-assisted coding tools and other developer tools into their workflows.
02
Fall conferences are in full swing—and travel expenses are rising accordingly. Places with lower cost of living doesn't always correlate with inexpensive travel expenses. See the travel policies businesses are setting to control spending.
03
If year-to-date card expenses are any indication, retailers are on track to spend more on their end-of-year advertising this year than they did in 2023. Their spending show they are testing new ad platforms and software to reach consumers.
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