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What new company spend datasets reveal
We've increased the breadth of data in our quarterly report, with new merchant spend analysis and metro cuts to help companies make wiser spending decisions.
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Summary
What you'll learn
See where businesses are cutting costs and where they’re continuing to invest, based on hundreds of thousands of transactions made by Ramp customers. Download this report to see how your spending compares.
Key findings
01
Overall expenses stayed flat as businesses focused on cost efficiency and shifted their spend from ads to software. Software overtook general merchandise as the second-largest expense category.
02
Mid-market and enterprise companies reduced total spend but they’ve reserved budget for larger purchases. In contrast, SMBs held back on big purchases and decreased discretionary spending in categories like restaurants and general merchandise.
03
Businesses in different top metros are reacting differently to economic headwinds with companies in San Diego, Denver and Washington D.C. reducing spend, while Austin, Miami, and Boston businesses grew spend by more that 10%.
"People have asked why we publish such a comprehensive report for free when others in market are selling much less rigorous datasets. At Ramp, we believe democratizing great data helps finance leaders succeed."
Alex Song, VP of Finance & Capital Markets, Ramp
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