Report
// How legacy spend tools quietly drain millions from enterprises
How legacy spend tools quietly drain millions from enterprises
New Ramp analysis calculates exactly how much your organization can save
Out-of-policy spend continues to be a major problem, costing some large companies millions per year.
Employees file expenses about 85% faster with Ramp compared to legacy systems.
Reviewing and approving reports is actually more time-consuming—and costly—than submitting transactions.
Summary
Many finance leaders don’t realize just how much they’re losing to inefficient spend management. Research from IDC estimates Fortune 500 companies could save $40 million every year by automating spend management—and new analysis from Ramp breaks down the numbers behind that estimate.
These avoidable costs are no longer acceptable in an environment where finance leaders face increasing pressure to do more with less. That’s why CFOs need to act now.
What you'll learn
Find out how enterprises can save millions and eliminate tens of thousands of wasted employee hours—every year—by automating expense filing and approvals.
