Ramp Transforms Financial Operations with AI
In a groundbreaking announcement on July 10, 2025, Ramp, a leader in financial operations platforms, unveiled its innovative AI agents designed specifically for controllers. These AI agents are reshaping the way finance teams manage expenses, enforce company policies, and mitigate the risk of fraud, marking a significant advancement in financial technology.
The Need for Automation in Finance
With finance teams under pressure to accomplish more with fewer resources, the demand for automation in financial operations has never been greater. Traditionally, finance professionals using legacy systems have spent up to 70% of their work hours on manual tasks such as reviewing expenses, enforcing policies, and conducting compliance audits. The impact of this manual approach is evident; reports suggest that 59% of finance professionals encounter several errors each month.
To tackle these inefficiencies, Ramp's new AI agents for controllers aim to streamline and automate critical processes. By taking over repetitive tasks, these agents offer finance teams more time to focus on strategic decision-making and other high-value activities.
Intelligent Automation at Its Best
Powered by Ramp Intelligence and OpenAI's advanced reasoning models, these AI agents are not just simple automation tools. They utilize human-like reasoning to autonomously manage entire financial workflows. Unlike traditional automation that relies on basic rules and conditionals, Ramp's AI agents assess context and act intelligently on behalf of finance teams. This allows them to enforce spending policies at scale, swiftly prevent violations, and continually refine company spending guidelines.
Early adopters of these AI agents have reported an impressive 99% accuracy in expense approvals. Finance Manager Richard Gobea from Quora shared, "Before Ramp agents, we manually reviewed 100% of transactions. Now, Ramp agents handle the initial review and flag items that actually require our attention. Their accuracy has significantly reduced errors and improved our review speed."
Features and Capabilities of Ramp Agents
Ramp's AI agents come equipped with an array of advanced features:
- - Autonomous Approval of Low-Risk Expenses: The agents are programmed to approve expenditures deemed low-risk or offer recommendations with rationales for human reviewers.
- - Suspicious Activity Alerts: They monitor transactions for unusual patterns or outliers that may indicate fraud or reckless spending.
- - Query Resolution: The agents can respond to employee queries regarding spending policies, enhancing overall workplace transparency.
- - Policy Recommendations: By analyzing usage data and gathering user feedback, they suggest refinements to company expense policies to align with real-world scenarios.
Karim Atiyeh, co-founder and CTO at Ramp, highlighted the significant advantage of these AI agents: "They possess complete knowledge of accounting rules and expense policies, enabling them to act with both speed and accuracy. This technology isn't just a step toward automation; it's about deploying intelligent reasoning to handle complex financial decision-making."
The Competitive Edge of AI in Finance
In an era of rapidly evolving technology, deploying AI agents allows finance teams to not only keep up but excel. The intelligence embedded in Ramp agents provides companies—regardless of size—access to cutting-edge automation and reasoning capabilities, all thanks to Ramp’s heavy investment in research and development.
Lawrence Dann-Fenwick, Head of Strategic Finance at Hex, remarked, "Ramp is relieving us of manual tasks and boosting our confidence in tackling emerging AI fraud threats before they escalate."
With existing users that include prominent AI firms like Notion, Hex, Sierra, and Quora, Ramp is already helping teams work smarter, act faster, and maximize the effectiveness of every dollar spent.
Future Prospects
As Ramp continues to integrate its AI-powered solutions into financial operations, the implications for business efficiency and effectiveness are far-reaching. The company's commitment to revolutionizing finance through technology positions it at the forefront of an industry increasingly reliant on intelligent automation. For those seeking to optimize financial management and foster strategic growth, Ramp's AI agents represent a significant leap forward.
To delve deeper into Ramp's AI agents and their impact on the financial landscape, visit
ramp.com/intelligence.
About Ramp
Ramp is an all-inclusive financial operations platform focused on saving organizations time and money. By converging multiple functions—payments, corporate cards, vendor management, procurement, travel booking, and automated bookkeeping—Ramp is designed to maximize the efficiency of every financial resource. Operating since 2019, Ramp serves over 40,000 customers and has saved them an astounding $10 billion in expenses while reaping immense time savings, enabling organizations to channel their resources intelligently and effectively.