Ramp Launches AR Tool to Automate Payments
Ramp's new AR tool cuts payment chasing for finance teams
In brief
Ramp's new AR tool cuts payment chasing for finance teams Ramp's AI automates invoicing and payment tracking to help businesses get paid faster Originally reported by Pymnts.
Ramp's AR Tool Launch
Ramp introduced Accounts Receivable to automate invoicing and payment collections for corporate clients
“Finance teams today spend too much time chasing payments for outstanding invoices”
AI Powers Invoicing
Ramp's AI turns contracts into ready-to-review invoices and matches payments to books
Payment Delays Hurt Small Businesses
56% of small businesses say paying expenses is difficult and 51% struggle with uneven cash flow
Manual AR Processes Persist
One-third of SMBs still use manual accounts receivable processes despite payment speed issues
UK Expansion Focus
Ramp opens corporate cards and expense management to UK businesses for faster payments
The bottom line
Ramp's AI automates invoicing and payment tracking to help businesses get paid faster
