Ramp launches receivables tool to track incoming cash

Ramp has launched Ramp Accounts Receivable, extending its finance software into invoicing and payment collection.

The New York-based group said the offering is designed to help businesses manage incoming cash flow alongside the spending controls, bill payments and other back-office finance tasks already handled on its platform.

The move adds accounts receivable to Ramp's broader push to cover more of a company's finance operations in one system. It is targeting work that finance teams often still manage across contracts, purchase orders, email chains, spreadsheets and bank records.

That fragmentation can delay invoice issuance, follow-up on unpaid balances and payment reconciliation. Ramp said the new product turns contracts and purchase orders into draft invoices, prepares collection messages for review, matches incoming payments to invoices and creates revenue-recognition schedules linked to a customer's ERP system.

In comments on the launch, Geoff Charles outlined the rationale for the expansion.

"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.

Charles also described the administrative burden the company is trying to address.

"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," Charles said.

Cash flow pressure

Late payment remains a persistent issue for many businesses, particularly smaller companies with limited capacity to absorb working-capital shocks. Ramp cited industry and survey data showing that 43% of the value of US business-to-business invoices was overdue last year, while many small businesses report difficulty meeting operating expenses and managing uneven cash flow.

Those figures point to a practical problem, not a purely administrative one. A few days' delay in receiving payment can affect payroll, supplier bills and inventory purchases, making receivables management a central finance function for growing companies.

Ramp is entering a market already served by accounting software groups, enterprise resource planning providers and specialist invoicing platforms. Its pitch rests on tying receivables into the same environment customers use for expense management, bill pay, cards and banking products.

Ramp Accounts Receivable is currently available to US-based single-entity businesses using QuickBooks Online or NetSuite. Ramp has not yet rolled out other ERP integrations.

Customer uptake

Some customers already using the platform for outbound payments are now applying it to revenue collection as well. That reflects Ramp's effort to deepen its role inside finance teams rather than remain focused on a narrower expense-management category.

"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.

Another customer said the product had reduced the manual work linked to overdue invoices and matching receipts to records.

"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.

Broader expansion

The launch comes as Ramp continues to widen its geographic and product reach. The company recently expanded into the UK with corporate cards, expense management, bill pay and accounting automation, marking a step beyond its home market as it builds out a broader finance software suite.

Ramp said more than 70,000 organisations use its products. Founded in 2019, the company says its platform handles more than USD $200 billion in annual purchase volume.