Case Study: Betterment streamlines multi-entity spend management with Ramp

How Betterment manages corporate spend for five entities with Ramp

Betterment, a fast-growing fintech and financial services company, needed a better way to manage corporate spend across five subsidiaries, plus its engagement and IT teams. Before Ramp, its finance team spent nearly a full workday each week manually coding expenses, and employees often waited a month or more for reimbursements because the old system was inefficient and hard to use.

With Ramp’s corporate cards, expense management, reimbursements, and native NetSuite integration, Betterment moved to a prepaid card model with stronger controls and automated coding rules saved directly to cards. Ramp helped the team save 1-2 hours per week on spend control, 4-5 hours per week on receipt tracking, and cut reimbursement time by 50%, while also improving visibility, speeding up month-end close, and reducing the need for accruals.

Betterment

Marianne Hawes

Senior Accountant