Ramp Expanded Finance Platform With Receivables Tool

The platform now offers automated invoicing and collections for U.S. businesses using specific ERP software.

Updated on Sept. 22, 2026 in Corporate Finance

Bold flat-color editorial illustration showing a stack of geometric paper volumes and a metallic seal representing financial automation. — Ramp has launched an automated accounts receivable platform designed to streamline invoice generation and payment collections for U.S.-based businesses. AI Illustration. Upload story photo >

Live Poll

Do you trust artificial intelligence tools to effectively manage your business's financial billing processes?

Ramp has launched a new accounts receivable platform that generates invoices from contracts and automates payment collections. The tool is currently available to U.S.-based businesses that use QuickBooks Online or NetSuite.

Why it matters

The expansion addresses the time-intensive process of managing incoming cash flow, a common operational burden for finance teams. With seven in 10 U.S. businesses facing late customer payments, the new feature aims to standardize collections and revenue tracking.

Ramp processes over $200 billion in annual purchases for 70,000 existing organizations. Industry data indicates that 23% of average B2B receivables are affected by late payments.

The players

Ramp

A provider of finance software that serves over 70,000 organizations and processes more than $200 billion in annual purchases.

The details

The new feature leverages artificial intelligence to parse contracts and purchase orders into formal invoices. It also automates the collections workflow by using pre-set policies and customer data to draft follow-up communications for outstanding balances. The system integrates with existing financial software to match incoming payments against invoices and generate revenue recognition schedules.

September 22, 2026: Ramp announced the launch of its accounts receivable platform.

Market Landscape

This move follows the trend where 90% of CFOs are currently deploying intelligent document processing to modernize back-office workflows. It marks a shift from Ramp's initial focus on spend management toward comprehensive cash flow control.

Operators using QuickBooks Online or NetSuite should evaluate if their current collections process warrants the switch to an AI-driven automated workflow. Finance teams should compare their current DSO against industry benchmarks to determine if integrated collections software will improve working capital efficiency.

The takeaway

Automating accounts receivable can significantly reduce the administrative burden of chasing late payments for B2B businesses. Operators should track their receivables collection time as a primary metric to determine if shifting from manual follow-ups to automated systems improves net cash flow.