Case Study: FirstBlood speeds up monthly close with Ramp

How FirstBlood’s switch to Ramp sped up their monthly close

FirstBlood, a decentralized software and technology company with employees across nine time zones, needed a better way to manage corporate spend and month-end close. After years of using Ramp competitor Divvy, CFO Kyle Potter found receipt collection, transaction coding, and accounting reconciliation too manual and time-consuming, especially for a lean finance team.

FirstBlood switched to Ramp for corporate cards, expense management, and accounting automation. Ramp’s automated receipt capture, transaction coding suggestions, and card controls streamlined spend management, eliminated out-of-pocket spend, and uncovered duplicate subscriptions. The company reduced monthly close time by 150%, saved about 40 hours per month, and cut credit card coding from seven days to one.

FirstBlood

Kyle Potter

Chief Financial Officer