“Finance teams today spend too much time chasing payments for outstanding invoices,” Ramp’s chief product officer said.

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 survey also found 90% of CFOs are deploying intelligent document processing to accelerate invoicing and streamline payment processing.

Meanwhile, 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.

Accounts receivable information is often spread across contracts, purchase orders, emails, spreadsheets and bank feeds, according to Ramp. 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, use a company’s collections policy and customer information to draft follow-up messages and match incoming payments to the appropriate invoices.

The newly launched product is currently available to U.S.-based, single-entity businesses using QuickBooks Online or NetSuite, with additional enterprise resource planning integrations planned, Ramp said.

The software maker said more than 70,000 organizations use its platform, with over $200 billion in purchases processed annually.

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