TLDR: Ramp has launched its first set of AI agents, designed for controllers, to automate and streamline financial operations. These agents will enforce expense policies, prevent unauthorized spending, and detect fraud, aiming to significantly reduce manual workloads for finance teams.
NEW YORK – Ramp, a leading financial operations platform, today announced the launch of its first artificial intelligence agents, specifically designed for controllers. This new technology aims to revolutionize finance departments by automating the enforcement of company expense policies, eliminating unauthorized spending, and preventing fraudulent activities. This is the first of many specialized AI agents Ramp plans to release this year to alleviate the manual burdens on finance teams.
Finance departments have traditionally been bogged down by manual processes, with teams using legacy platforms spending up to 70% of their time on tasks like expense reviews, policy enforcement, and compliance audits. This has led to a high error rate, with 59% of professionals in controllership roles admitting to making several errors each month. Ramp’s new AI agents are designed to tackle these issues by autonomously reviewing expenses and enforcing policies.
Powered by Ramp Intelligence and OpenAI’s latest reasoning models, these agents utilize context-aware, human-like reasoning to manage entire workflows independently. Unlike traditional automation that relies on predefined rules, Ramp’s agents can reason and act on behalf of the finance team. They are designed to be meticulous, auditable, and consistent, with the ability to escalate issues when necessary and provide a clear audit trail for every decision. Early adopters of the technology have reported a 99% accuracy rate in expense approvals.
“Before Ramp agents, we manually reviewed 100% of transactions,” said Richard Gobea, Finance Manager at Quora. “Now, Ramp agents take the first pass and flag what actually needs our attention. Every decision Ramp makes is logged with a clear audit trail. Accuracy matters, and Ramp consistently gets it right. We’ve seen fewer errors, faster reviews, and stronger policy enforcement across the board.”
The capabilities of Ramp’s AI agents include approving low-risk expenses, alerting for suspicious receipts and invoices, answering employee questions about spending policies, uncovering trends that may indicate fraud or careless spending, and suggesting edits to company expense policies based on usage and feedback.
“Ramp agents have complete knowledge of your accounting rules and expense policies that employees don’t carry in their heads, plus instant access to transaction details that finance teams would need time to gather,” stated Karim Atiyeh, co-founder and CTO at Ramp. “This lets them act faster and more accurately on every transaction. This isn’t just automation. It’s intelligent reasoning that handles complex financial decisions to reduce errors, strengthen policy enforcement, and stop fraud.”
Olivier Godement, head of platform product at OpenAI, also commented on the collaboration, saying, “It’s amazing to see what Ramp has built with our newest reasoning models.”
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Ramp’s new AI agents are now available to Ramp Plus users. The company has indicated that this is just the beginning, with plans to release more specialized agents throughout the year, moving towards a fully autonomous finance operations stack.
