Ramp Launches AI Finance Automation
Ramp has officially launched its latest innovation, Ramp AI Finance Automation, introducing a set of autonomous AI agents designed to streamline finance operations, reduce manual work, and improve accuracy for finance teams.
The new product rollout comes as finance departments continue to face mounting pressure to handle increasing workloads with limited resources. Despite the rise of digital tools, many teams still spend up to 70% of their time on routine tasks such as expense reviews, policy enforcement, and compliance audits. According to Ramp, nearly 59% of professionals in controllership roles report making several errors each month.
Ramp’s AI agents aim to address this gap by autonomously managing expense approvals and policy enforcement, effectively reducing the time spent on repetitive work. Built on Ramp Intelligence—the company’s proprietary AI platform—and powered by OpenAI’s advanced reasoning models, the agents operate with a level of contextual understanding that enables them to act independently and proactively.
Unlike traditional rule-based automation, Ramp’s AI agents apply human-like reasoning to handle entire workflows. They can immediately detect policy violations, flag suspicious transactions, and provide detailed audit trails for every decision made.
“Before Ramp agents, we manually reviewed 100% of transactions,” said Richard Gobea, Finance Manager at Quora. “Now, they handle the first review and highlight only what needs our attention. The result is faster approvals, fewer errors, and better policy compliance.”
The agents are also capable of:
- Approving low-risk expenses or recommending actions with justifications
- Flagging unusual receipts or invoices
- Responding to employee queries about spending policies
- Identifying trends that may signal fraud or misuse
- Suggesting updates to expense policies based on behavior and feedback
Ramp’s co-founder and CTO, Karim Atiyeh, highlighted the value of real-time decision-making. “Ramp agents have full knowledge of accounting rules and access to transaction-level data. This allows them to act faster and with greater precision than human teams.”
Olivier Godement, Head of Platform Product at OpenAI, called the implementation a milestone. “Ramp is using our newest reasoning models to automate key financial processes with high accuracy. It’s enabling finance teams to shift their focus from manual review to strategic work.”
Ramp says it invests 50% of its payroll in research and development, making advanced AI tools accessible to resource-constrained finance teams. Companies like Notion, Sierra, Hex, and Quora are already seeing gains in speed, accuracy, and control with the new tools.
“Ramp gives us confidence that we’re staying ahead of AI-driven fraud threats,” said Lawrence Dann-Fenwick, Head of Strategic Finance at Hex.
The launch underscores Ramp’s commitment to transforming finance through automation and intelligent systems, offering a powerful assist to teams managing complex, high-stakes workflows.
