Ramp Expands Into Accounts Receivable as CFOs Hunt Cash

Ramp now processes the money coming in, not just the money going out. The finance software provider said Tuesday it is expanding its platform to handle accounts receivable workflows, automating chunks of the invoice-to-cash lifecycle for its customers.

The new feature, called Ramp Accounts Receivable, will create invoices directly from contracts and purchase orders, draft collections follow-ups, match incoming payments to invoices and generate revenue recognition schedules, according to a press release.

"Ramp has always helped businesses control the money going out," Geoff Charles, Ramp's chief product officer, said in the release. "With Ramp Accounts Receivable, we can now help them manage the money coming in. This has been a top request from our customers."

The launch targets a finance function under pressure. FTI Consulting's 2026 Global CFO Survey found 89% of finance leaders are stepping up efforts to improve working capital, while faster cash conversion is emerging as a key lever for funding growth. The same survey found 90% of CFOs are deploying intelligent document processing to accelerate invoicing and streamline payment processing.

Late payments compound the problem. A recent survey from credit insurance and risk management firm Atradius found about seven in 10 U.S. businesses face late payments from customers, affecting an average 23% of business-to-business receivables. Customer payment issues can also reduce cash available for day-to-day operations, Atradius found.

Ramp frames the core issue as fragmented data. Accounts receivable information is often spread across contracts, purchase orders, emails, spreadsheets and bank feeds, according to the company. Finance teams then have to determine what customers owe, create invoices and billing schedules, monitor outstanding balances, follow up on unpaid invoices and reconcile payments.

"Finance teams today spend too much time chasing payments for outstanding invoices," Charles said in the release.

Ramp said its AI can turn contracts into ready-to-review invoices. The system can use a company's collections policy and customer information to draft follow-up messages, and it matches incoming payments to the appropriate invoices.

Availability is limited for now. The product is currently open to U.S.-based, single-entity businesses using QuickBooks Online or NetSuite, with additional enterprise resource planning integrations planned, Ramp said.

The company brings scale to the push. Ramp said more than 70,000 organizations use its platform, with over $200 billion in purchases processed annually.

If Ramp closes the loop between outgoing spend and incoming cash on a single platform, it positions itself as a fuller operating system for corporate finance — and deepens its hold on CFOs under pressure to convert receivables into working capital faster.