Ramp

Are you staying up to date with the latest Business Spending Benchmarks? This post has got you covered👇 Grab the FULL guide for FREE over here → https://bit.ly/3SSvGIL Our economy is constantly shifting…with new attention placed in different areas on an ongoing basis. Here is what you need to know: ➡️ TECHNOLOGY ✅ Emerging Investments in AI and creative tools ✅ Consistent increase in card and AP spend ✅ Significant increase in electronics and office expenses ✅ Strategic adjustments in advertising spend ✅ Dependence on cloud and SaaS Solutions ➡️ HEALTHCARE & BIOTECH ✅ Adoption of AI and digital tools ✅ Steady increase in card spend ✅ Fluctuations in AP spend ✅ Significant increases in advertising and general merchandise ✅ Reduced travel expenses ➡️ MANUFACTURING ✅ Emergence of AI and specialized software ✅ Fluctuating Card Spend ✅ Significant advertising spend increase ✅ Increased fuel/gas and office spend ✅ Enhanced digital marketing and technology investment ➡️ FINANCIAL SERVICES ✅ New vendor experimentation ✅ Steady card spend increase ✅ Generally rising AP spend ✅ Technology and office investments ✅ Persistent advertising importance ➡️ PROFESSIONAL SERVICES ✅ Steady increase in card spend ✅ Rising AP Spend ✅ Surge in Advertising and SaaS/Software spend ✅ Decreased Professional services spend ➡️ NONPROFITS ✅ Emerging technology and creative tools ✅ Consistent increase in card spend ✅ Significant lodging and charitable donation spends ✅ Declining advertising spend ✅ Diverse operational costs === A special thanks to Ramp for both putting together this content as well as sponsoring this post! Be sure to download the full guide for FREE via the link above

We’re SO stoked to walk you through some of this month’s releases in our first ever product update video! From an all-new reporting experience to customizable CSV exports, we’ve got the goods to personalize your setup and streamline your unique workflow. We’ll never stop finding ways to free up our customers' time from busywork and redundancies. If you have suggestions on how we can build more efficient tools for your business, drop a comment anytime. Read the full breakdown of all 20 releases here: https://lnkd.in/dzTKAg5d

Thought we were going to stop at the Excel plug-in? Think again. Ramp’s reporting just got an upgrade with 10 new reports with immediate insights to help you run a more cost efficient business. 📈 Spending Real-time, accurate data is crucial for your business’s financial health. But when data is scattered across systems and manually pieced together in spreadsheets, it’s nearly impossible to get a clear picture. Ramp’s consolidated spend reports give you real-time visibility and take it a step further by proactively identifying anomalies too—so you can address issues before they escalate. 👮 Compliance  An expense policy is only as effective as its enforcement. We know finance teams run lean so catching every out-of-policy transaction is challenging—and those missed violations can quietly cost your business thousands each year. Ramp’s compliance reports help you instantly identify issues, like repeat offenders with excessive out-of-policy spend, so you can tighten cost controls and save your team hours of manual review. ⚙️ Process reports When employees procrastinate their expenses, they create bottlenecks that slow down your monthly close. Ramp’s process reports quickly identify what’s causing delays—whether it’s too many outstanding approvals or employees choosing reimbursements over cards—so you can resolve issues fast and keep reconciliation on track. Super excited to see how our customers will use Ramp’s newest reports to drive meaningful strategic changes. Give the reports a try and let me know what you think!

Spending more time building reports than analyzing the data? Skip the busywork with 10 new Ramp reports, designed to uncover what’s costing you time and money, so you can fix it fast. 📈 Spending: Kelly just dropped $7,592 on swag. Don’t let her max out the marketing budget on branded stress balls—again. Catch outliers early to prevent runaway costs. 👀 Compliance: Andy didn’t just crush his sales quota—he also topped the list of out-of-policy spenders. Wining and dining out of control? Tackle compliance issues at the source. ⚙️ Process: Sarah has 36 approvals pending, but she’s already off to Tahiti. No sweat, assign a delegate approver to eliminate bottlenecks and keep your monthly close on track. Try it out now, let us know what you think.

Finance teams, you've had to deal with some * wild * stuff

We're not over our time at #Xerocon last week! It was great to reconnect with so many customers and partners, and meet other attendees. Our integration with Xero makes it easier than ever for accountants and bookkeepers to streamline workflows and keep the business on track. See why accounting firms across the U.S. choose Ramp for themselves and their clients👇

Misalignment between spending and funding = serious consequences for mission-first organizations. So how do you maximize impact while navigating spend management? Join us on August 27th at 1pm EST with finance leaders Jason Penegar of Boys & Girls Clubs of America and Gee Hoon Lim, CPA of The Joffrey Ballet to learn how they overhauled their finance strategies to drive clearer visibility and control. Our discussion will cover:  📈 Streamlining expense management 🤝 Empowering your CEO and team with real-time budget insights  ⏳ When to invest in finance technology  🛠 Strategies to eliminate financial red tape Don't miss out! Register now 👉 https://bit.ly/3M7LkME

The best part about working in data at Ramp is the context and visibility we have into how companies spend money. 💸💸 One of my favorite cuts is “New Vendor Spend”, which shows when an existing customer first starts spending on a vendor. This month, we saw Anthropic break into our top five list! 👀👀 Check out the rest of our SaaS Vendors list to see the top tools Ramp customers purchased in July, based on billions of dollars a month in aggregated, anonymized transactions. 🚀🚀 https://lnkd.in/eTcXdCC3

Introducing Custom CSV Export: Tailored CSV exports to fit your accounting needs! 📊✨ Easily modify columns, hard-code fields, upload past CSVs and much more all within the Ramp accounting tab—more flexibility to personalize your data exports so you can sync directly to your ERP even faster. Available for all customers now. Get started today: Navigate to Accounting tab → click Settings → Customize your CSV export

Ramp’s summer spend benchmarks dropped last week, covering billions of dollars in aggregated and anonymized transactions over the past 3 months. Ian Macomber and I traded notes on what people should take away from all that data. [Note to self: don’t wear the same shirt as Ian] If you haven’t downloaded the report yet, check it out here: https://lnkd.in/eW9JR7vF