Ramp Expands Platform to Automate Accounts Receivable Workflows
Finance software provider Ramp has launched a new feature called 'Accounts Receivable' designed to automate key parts of the invoice-to-cash process. The tool will handle tasks such as generating invoices from contracts and purchase orders, drafting collections follow-ups, matching payments to invoices, and creating revenue recognition schedules. The expansion comes amid growing demand among CFOs for tools that improve cash flow management. According to FTI Consulting's 2026 Global CFO Survey, nearly all finance leaders are prioritizing working capital improvements, with faster cash conversion becoming a key growth strategy. Atradius also reported late payments affect about two-thirds of U.S. businesses and impact roughly one-quarter of B2B receivables. Ramp claims its AI can streamline the accounts receivable process by turning contracts into invoices, drafting follow-up messages based on company policy, and reconciling incoming payments with relevant invoices.
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Topics: accounts receivable cash flow management CFO trends SaaS platform expansion