Case Study: Perplexity automates 163+ finance hours per month and saves $5M+ with Ramp

Perplexity automates 163+ hours a month with Ramp

Perplexity, a fast-growing AI startup, faced the challenge of managing a high volume of transactions and vendor relationships with a lean finance team. Their existing tools couldn't handle the velocity, leading to risks of fraud and inefficiency from manual coding and month-end reconciliation. They chose Ramp's corporate card, accounts payable, and accounting automation solutions to gain control and visibility over their spend.

By implementing Ramp's vendor-specific card program and AI-powered Accounting Agent, Perplexity automated over 97% of transaction coding. The solution from Ramp automated 163 hours of finance work monthly, compressed the monthly close by 115 hours, and generated over $5 million in cumulative savings through spend controls and cashback, allowing their small team to operate at scale without adding headcount.

Perplexity