Ramp Launches Accounts Receivable
By Steven Van ·
Ramp's new Accounts Receivable tool drafts invoices, follow-ups, and payment matching, and syncs the results with a company's ERP.
Ramp added Accounts Receivable to its Ramp platform, automating the steps between a signed deal and collected cash. The tool drafts invoices from contracts and purchase orders, prepares customer follow-ups for finance teams to review and send, matches incoming payments to open invoices, and syncs the related records with a company's ERP.
Ramp says the goal is to cut the manual re-entry that happens at each handoff, such as pulling contract terms into an invoice or checking a bank statement to see which invoice a deposit covers. The announcement frames it as an extension of Ramp's existing corporate card, expense, procurement, accounts payable, and banking products into a new category.