Case Study: Poshmark Achieves Free Cash Flow Goals Faster with Ramp

How Poshmark exceeded their free cash flow goals with Ramp

Poshmark, the global fashion marketplace, needed a better way to manage expenses and corporate cards across a distributed workforce in the U.S., Canada, and India. Its finance team was bogged down by manual reimbursement workflows, spreadsheet-based tracking, and slow month-end close processes, making it hard to maintain accurate visibility into spend and support profitability goals. Ramp’s corporate cards and expense management tools were brought in to replace these inefficient processes.

With Ramp, Poshmark centralized and automated expense management, simplified receipt collection, and improved accounting accuracy across entities. The finance team reduced month-end close time by 50% and achieved its free cash flow goals in seven months instead of 12, while also freeing up time for more strategic work like vendor negotiations and contract renewals. Ramp also delivered cashback rebates that further boosted cash flow, helping Poshmark exceed its goals.

Poshmark

Kaustubh Khandelwal

VP of Finance