Case Study: Hingham Institution for Savings saves $150,000+ and automates finance workflows with Ramp

Hingham Institution for Savings saves over $150,000 with Ramp

Hingham Institution for Savings, a nearly 200-year-old bank, faced significant inefficiency in its back-office operations. Its finance stack consisted of disconnected point solutions for corporate cards, bill pay, and expenses, which created manual work, slowed visibility, and introduced friction. The bank's challenge was to eliminate this wasteful "cholesterol" between systems to maintain its lean operation without adding headcount.

The bank implemented Ramp to consolidate its corporate cards, accounts payable, expense management, and bill pay onto a single platform. Ramp automated approvals and coding, enforced pre-spend controls, and provided real-time visibility. This solution saved Hingham over $150,000, reclaimed more than 30 hours per month, and reduced accounts payable from a full-time job to just a couple of hours a day. With Ramp, 99% of card transactions require no manual review, allowing the finance team to manage by exception.

Hingham Institution for Savings