The MAD Podcast with Matt Turck
AI at Ramp: Making Every Team Radically More Productive | Eric Glyman, CEO, Ramp
Aug 1, 2024
Eric Glyman, co-founder of Ramp, a $7.6 billion finance management company, shares his insights on fostering urgency in teams by counting days since Ramp's founding. He discusses the transformative use of AI for automating expense management and fraud detection. Glyman highlights the innovative Ramp Intelligence Suite, which leverages generative AI to enhance productivity, and delves into creating a culture of rapid product development in New York's vibrant startup ecosystem.
48:53
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Quick takeaways
- Ramp utilizes AI to automate financial tasks, significantly enhancing productivity and reducing the complexity of expense management for businesses.
- The company's decentralized team structure fosters rapid product development and accountability, allowing for efficient response to customer needs and market demands.
Deep dives
RAMP's Innovative Financial Solutions
RAMP operates as a command and control system for finance, allowing businesses to manage payments, approvals, and accounting from a single platform. This approach simplifies financial management for companies, with many reporting savings of approximately 5% on expenses. RAMP's user-friendly design eliminates the need for multiple applications to complete a single transaction, leading to a more efficient process. Since its inception in 2019, RAMP has quickly gained traction among a diverse clientele, including startups and well-established entities like Shopify.
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