Ramp

30,000+ customers. 200+ new features. $1B+ saved. 10M+ hours of work automated. 2024 was monumental for Ramp. So to tie a bow around it, we asked our designers, engineers, and product managers to tell us about their favorite features. Reply with yours in the comments! 👇

Rustic Canyon Restaurant Group before Ramp: - Army of part-time bookkeepers managing 8 restaurants - Each restaurant used different systems, cards, and processes. - 15-day marathon for month-end close Rustic Canyon Restaurant Group after Ramp: - Month-end close completed in 5-7 days - Streamlined spend limits, controls, and vendor onboarding - 2.5 bookkeepers needed The best part? Derek Arnette had so much freed up time, he took on a new role as Director of Venture Growth, investing in restaurant startups. Finance automation is cool. But giving people time back to do their best work? That's what it's all about. Read the story: https://lnkd.in/e7ZNPpFV

Friday night. Scrolling through LinkedIn. Contemplating the miracle of finance automation. Life is good

Remember when finance teams had to manually reconcile books, chase receipts, deal with messy vendor docs, and verify mileage claims? Yeah, that was so 2024. We just shipped 6 new Ramp features to make those headaches history and your work smoother than ever. Let us know your thoughts!

Government efficiency is an oxymoron. Businesses have to adjust to market conditions, but what if government did too? Our latest deep dive unpacks The Efficiency Formula: a framework purpose-built to go to war on waste: When the music changed in 2022, businesses were forced to adjust. Market conditions pushed tech companies, in particular, to change strategy, prioritizing profitability above growth. From June '22 to June '24, the average FCF margin across public tech companies improved from 3% to 16%. Government spending, on the other hand, has been endlessly up and to the right with no signs of slowing. And government spending is far from well reviewed. At one point, the Government Accountability Office couldn’t even render an opinion on the consolidated financial statements of the government because of “widespread material internal control weaknesses.” Yet our outcomes are mixed at best: • US ranks last in healthcare access and outcomes • In education, despite spending the second-most per student among 80 peer countries on education our test scores are sinking. • Despite our defense budget accounting for 37% of global defense spending, we have a near-perfect record of losing every war game in a conflict against China If a business had the same track record it wouldn't be allowed to operate. The government needs a new playbook: The Efficiency Formula Change in Velocity = c(Thrust-Drag) While growing revenue (or increasing thrust) is important, eliminating inefficient spending (or reducing drag) can be just as, if not more, effective at improving the bottom line. The reduction we need is not insurmountable. As Bill Gurley and Brad Gerstner explained, we just need a 3% reduction in the budget each year over the next four years and, with conservative revenue growth estimates, we could manage the deficit. Our latest deep dive, written in collaboration with Eric Glyman and the team at Ramp unpacks The Efficiency Formula. We lay out the simple ways that we could tackle waste categories that eat up 7.9% of the governments budget. https://lnkd.in/eTVJ7bsf

Imagine a company that runs at a loss for over two decades and fails seven audits in a row. The CFO would have been fired a long time ago. That's the financial state of the US government, which spent half its budget deficit last year just paying INTEREST on its growing debt. It doesn’t have to be this way. Here’s how businesses balance profitability + growth, and how our gov can do the same 👇 For the last 23 years, the US government has been breaking the golden rule of budgeting: “make more money than you spend.” Say what you will about corporate flaws, but the private sector generally operates by this rule – because those who don’t eventually cease to exist. For instance, when the 2022 market crash hit, tech companies were FORCED to improve cash flow margins from 3% to 16% in order to maintain growth. How did they do that? Well, it boils down to a two-piece framework: context and control. Context to understand where your spend is going, and control to proactively and precisely manage where that spend occurs. Think of any private business or government agency as a vehicle in motion — one way to increase that vehicle’s velocity is by applying thrust, but another way is to reduce drag. We call this the Efficiency Formula: Change in Velocity = c(Thrust-Drag) Wasteful expenses represent the drag holding organizations back. These can be divided into specific categories of spend that we refer to as “drag baskets.” The less context and control you have over those drag baskets, the more they hinder an organization, and vice versa. $100B in Medicare/Medicaid fraud. $200B of SBA loan fraud. $236B in “improper payments.” That’s $536B+ wasted — 7.9% of the government’s ENTIRE budget down the drain. So what happens if you apply the Efficiency Formula to these drag baskets? Well, just imagine massive government programs like Medicare and Medicaid using real-time tracking and automated controls to cut down on fraud. For context, Ramp users can quickly shift from previously unmanaged spend and expense management, into tracked systems with preset budgets, controls, and vendor restrictions. When America ramps up its velocity and trims down its bureaucracy, exceptional things happen. Our GDP is 2x the next largest nation. We don't have a revenue problem—we have a drag problem. It’s time for the US government to make efficiency a priority. Huge thanks to Contrary for partnering with Ramp to build this comprehensive report! https://lnkd.in/e9yFhbkV

Imagine if every government department had the same financial visibility and controlled spend as modern businesses have when using Ramp. Enter: The Efficiency Formula — a framework for America to go to war on waste, fraud, and abuse. The more efficient American government becomes, the more capable it will be of lifting the quality of life for everyone within its influence. But efficiency doesn’t just happen. It requires context, control, and accountability. That's what we explore in this new deep dive with Contrary Research. Read the full report: https://lnkd.in/eTVJ7bsf

Meet Sarah Vaught, Account Manager at Nonprofit Bookkeeping. From a passion for numbers to a love for nonprofit financial services, Sarah’s journey has been about more than just bookkeeping—it’s about building trust and empowering clients. By combining human connection with Ramp's automation tools, Sarah and her team help nonprofits reduce errors, streamline processes, and drive mission success. Read our Accountant Spotlight feature of Sarah: https://lnkd.in/guGWhu4Y Know an inspirational accountant? Nominate them for a spotlight today! https://lnkd.in/eZ_u9e6p #NonprofitFinance #AccountingLeadership #CustomerSpotlight #Automation

We're all just trying to impress our CEOs 😅 Join us for an exclusive workshop featuring Nicolas Boucher, renowned finance influencer, and Dave Wieseneck, Ramp's Expert in Residence, as they reveal actionable insights from their 2025 AI playbook. Whether you’re a beginner or an AI enthusiast, this session is packed with strategies you can implement today. What You’ll Learn 💻 Foundation: Streamline workflows with tools like ChatGPT and Claude. 📈 Application: Live demos showcasing financial modeling, real-time editing, and scenario analysis. 🌐 Integration: Practical steps to implement AI tools like Excel Copilot for accuracy and efficiency.  🗓️ When: January 28th @ 1 PM EST | 10PM PST  🖥️ Where: Online Don’t miss this chance to impress your CEO 😎

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