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.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
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
Don’t miss these
How Ramp is bolstering the global workforce with modern finance experiences
Best business cards for startups: automation is key
5 hidden costs of not having expense management
.jpg)
How First Tee transformed its bookkeeping and saved time with PwC and Ramp
How Mix Talent cut costs, gained transparency, and improved efficiency with Ramp
How The Joffrey Ballet cut their month-end close time with Ramp
