Leading financial operations platform
Ramp today introduced Ramp Treasury, a new solution that radically improves how most businesses store and manage their operating cash.
With Ramp Treasury, businesses can store cash in a business account that earns 2.5%1 or in an investment account with the potential for higher yields – all within the same platform they already use to pay their bills. This allows businesses to:
- Earn 35x more on operating cash4 in a Ramp Business Account than the national average.
- Get ~3 extra days of working capital and incremental earnings by paying bills the day they're due.
- Let AI handle the rest with automated balance alerts and liquidity forecasting.
Ramp Business Corporation is a financial technology company and is not a bank. Bank deposit services provided by First Internet Bank of Indiana, Member FDIC. API Services for the Business Account provided by Increase Technologies, Inc.
The Investment Account is not a deposit account, not insured by FDIC, and may lose value.
The launch is part of Ramp's ambitions to automate more areas of the financial tech stack beyond payments, help companies achieve more with every dollar and hour, and create a world of self-driving finance.
"The old treasury playbook meant either constant micromanaging of cash positions and payment dates… or just accepting you'll lose out on interest. The new playbook is refreshingly simple: let technology do the heavy lifting, so you don't have to," said Eric Glyman, CEO of Ramp. "This is why we created Ramp in the first place. We find every cent you deserve so you can focus on moving your business forward. It's all about the timeless principle of making every dollar and hour work harder, and go farther."
Empowering Businesses To Earn More of What's Theirs
Businesses face a tough choice when it comes to managing cash: they can either maximize earnings or have quick access – but not both. This often requires finance teams to keep money in accounts that earn low or no interest for easy use, or lock it away in higher-yield investments that are cumbersome to access.
This trade-off is why over 80%5 of businesses' operating cash is stored in a bank account that doesn't earn anything. On top of this, ~3 days of working capital and incremental earning potential is lost waiting for transferred funds to settle with their vendors.
Companies shouldn't have to choose between growing cash and having access to it. Now, they no longer need to. Ramp Treasury is uniquely structured to pass maximum value back to businesses, so they earn more on operating cash without sacrificing liquidity.
Businesses with $1 million in operating cash in a Ramp Business Account could earn more than $25,0006 by the end of the year – compared to just $7004 at a traditional bank – all while maintaining instant liquidity for bill payments. That same business can also place excess cash in a Ramp Investment Account currently earning 4.38%7, with no account opening or management fees, no deposit minimums7, and no withdrawal restrictions.
"We used to move money among five or six different accounts in order to get the best yield and fast liquidity,"
said Alejandro Calderon, CFO of Roof Squad. "With Ramp Treasury, I just keep it all in one place, knowing it's making money for me in the background while vendors and cards get paid on time. It's truly an unprecedented offering."
The Era of Self-Driving Finance
By applying intelligence to operating funds, Ramp empowers businesses to be more productive with their time and their capital. Because Ramp sees all company spend, it automatically calculates how much operating cash businesses need to pay their upcoming bills and card statements, and leaves the rest to continue earning. Businesses can then pay bills the day they're due from within the operating account, knowing they have the funds to meet all their obligations on time.
"We're entering the age of self-driving finance: expenses that will do themselves, books that will close themselves, and money that will move itself," added Glyman.
"We're seeing a shift towards more integrated financial tools,"
said Kevin Permenter, a Senior Research Director for Financial Applications at IDC. "More and more, companies are looking for ways to manage their cash, pay bills, and earn more, all in one place. This kind of all-in-one approach, powered by artificial intelligence, has the potential to help businesses handle their money more efficiently. As a result, I expect this product to gain traction in the market quickly."
