Ramp, a payment operations platform for finance, has announced the launch of Ramp Accounts Receivable, which is a new software platform designed to help make it easier and quicker to move from a finalized sale to revenue.
The launch allows Ramp to broaden its product offering to go beyond the initial focus of corporate expenditure management, accounts payable and corporate cards, to also allow corporate finance teams to oversee both outbound expenditure and inflows of funds in a single financial environment.
Mitigating Cash Crunch Risks Caused by Delayed B2B Payments
For a lot of corporate finance departments, accounts receivable functions are scattered across multiple spreadsheet, e-mail, purchase orders, legal agreements and manual bank feeds. Since these inputs can be difficult to automate and unify, the process of creating invoices, maintaining aged receivables, and collecting payments can be slow and prone to accounting mistakes.
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Industry data highlights the compounding effect of these operational bottlenecks:
Unpaid invoices: 43% of the total value of invoice from U.S. B2B transactions on average remained unpaid in the last year.
Operational Expense : Pressures’Approximately 56% of small-to-midsize companies find it difficult to meet regular operational costs.
Cash flow Volatility: 51% of Growing Companies Experiences Volatile Cash Flows, during this time period, one languishing invoice can jeopardize day-to-day liquidity or paycheck commitments.
By consolidating data streams, Ramp Accounts Receivable helps finance teams eliminate payment friction, shorten collection cycles, and maintain reliable working capital reserves.
Automating the Full Invoice-to-Cash Lifecycle
Ramp Accounts Receivable deploys artificial intelligence to automate manual touchpoints throughout the payment collection workflow. Key capabilities delivered through the new platform module include:
Automated Invoice Generation: Converts executed customer contracts and purchase orders directly into reviewable invoice drafts without requiring manual data re-keying.
Context-Aware Collections Messaging: Evaluates corporate collection policies, historical customer payment behaviors, and invoice details to draft targeted follow-up communication for review.
Intelligent Payment Reconciliation: Continuously tracks incoming bank deposits and matches incoming funds to corresponding open invoices.
ERP-Synced Revenue Recognition: Automatically maps contract terms into compliant revenue recognition schedules while maintaining bi-directional synchronization with core enterprise resource planning (ERP) platforms.
Executive and Industry Insights
“Ramp has always helped businesses control the money going out. With Ramp Accounts Receivable, we can now help them manage the money coming in. This has been a top request from our customers,” said Geoff Charles, Chief Product Officer at Ramp. “Finance teams today spend too much time chasing payments for outstanding invoices. Ramp’s AI turns contracts into ready-to-review invoices, prepares informed follow-ups, and matches payments back to the books.”
“Today, 97% of our payments go through Ramp, now we get to do the same with revenue,” said Roee Ben-Zur, VP of Operations at Matia, a data operations platform.
“Ramp Accounts Receivable works really well. We haven’t had to do any manual reconciliation, and everything that’s been marked paid, overdue, or unpaid has been accurate. Before Ramp, one late-payment could mean 20 or 30 emails back and forth,” said Ian Mackey, VP at SciComm Media, the production company behind top podcasts like Huberman Lab, Perform with Dr. Andy Galpin, and David Senra.
Platform Availability and Integration Footprint
Ramp Accounts Receivable is available immediately to U.S.-based, single-entity businesses utilizing QuickBooks Online or NetSuite as their primary accounting system, with support for additional enterprise ERP integrations planned for release in upcoming quarters.
