Ramp, the financial operations platform of choice, announced that it is launching Accounting Agent, an AI-driven capability to automate the most time-consuming bookkeeping and closing activities. This will help in automating the transaction coding, review, and reconciliation with sophistication, helping the finance department close books faster and with complete accuracy.
Despite widespread expectations for automation, many accounting teams still depend on rule-based systems that require frequent manual intervention. Only a small percentage of finance teams report using advanced AI for transaction coding and posting as their primary method, leaving accountants to handle tedious tasks that delay month-end close and contribute to burnout.
Accounting Agent changes that by leveraging machine learning trained on millions of financial transactions. Tailored to each customer’s coding patterns, the agent automatically determines correct accounting treatment, identifies items ready for ERP sync, and flags exceptions that need human review reducing manual work and accelerating close cycles. Ramp reports customers are seeing up to 3.5× more auto-coding than legacy tools, with 90%+ accuracy.
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Built for Modern Finance Teams
Accounting Agent transforms core accounting workflows with the following capabilities:
- AI-Powered Coding: Automatically auto-codes every transaction and bill across fields like GL accounts, departments, locations, and custom tags learning and improving over time.
- Smart Review: Continuously validates policy compliance and field accuracy for all spend, recommending actions such as reviewing specific accounts or marking items ready for sync.
- Real-Time ERP Sync: For routine and risk-free spend, there is automatic integration with ERP systems along with a full audit trail.
- Accruals & Reconciliation: Accruals are auto-generated at month-end and auto-reversed, and activity is auto-reconciled in real-time against supported ERPs without the need to export or spreadsheet.
Customers See Tangible Impact
Several finance leaders have already reported significant benefits from deploying Accounting Agent:
“Velocity is core to Perplexity’s brand. Ramp’s Accounting Agent gives us both speed and accuracy we’re not choosing between moving quickly or getting it right. The AI handles routine coding in real time and keeps our books audit-ready, so we close faster every month without the scramble.”- Lauren Feeney, Controller at Perplexity
“The Accounting Agent is starting to pick up subtle patterns like when spend belongs in samples instead of travel and entertainment. It’s learning how we actually operate. Once we automate marking transactions as ready, that’s hundreds of daily reviews gone overnight. I want my team focused on the exceptions not the easy stuff.” – Jim Romano, CFO at Stateside Brands
“Ramp‘s AI accounting has completely changed how we operate. What used to take hours of manual review now happens automatically. I’m spending 90% of my time on strategy and growing the business, not in the weeds of transaction review.” – Neusha Sayadian, Fractional CFO at Valence.