Ramp launches integrated travel booking product to optimize business travel expenses

SME Banking
04/06/2024News

Ramp, a leading finance operations platform, has introduced Ramp Travel, a solution designed to simplify business travel booking and reduce costs. This product integrates Ramp's policy controls, expense automation, and spend analytics with Priceline's extensive inventory and competitive deals, streamlining corporate travel management from booking to expense reconciliation.

Addressing a growing need in business travel

Travel and entertainment (T&E) expenditures account for 20% of annual purchases on Ramp, a figure expected to rise as corporate travel rebounds. Ramp Travel aims to enhance its platform, already serving over 25,000 businesses by consolidating spending, controlling costs, and simplifying financial operations.

Partnership with Priceline for enhanced travel options

Launched in collaboration with Priceline Partner Solutions, Ramp Travel provides access to a global network of airlines and accommodations at competitive rates. This integration eliminates common business travel hassles, such as complex expense reports and delayed visibility into spending.

"Ramp already streamlines financial management by automating routine tasks," said Eric Glyman, CEO of Ramp. "Incorporating travel booking into our platform helps organizations save time and resources, allowing them to focus on their core business."

Innovative features of Ramp Travel

Ramp Travel offers key benefits over traditional corporate travel systems:

• Financial Efficiency: Combines Ramp's policy controls with Priceline's deals on flights and hotels, eliminating the compromise between low prices and precise control.

• User-Friendly Booking: Provides an intuitive interface for booking in-policy flights and hotels without extra fees.

• Automation: Automates tasks from receipt collection to transaction coding, allowing employees to focus on their work and finance teams on strategic tasks.

• Real-Time Insights: Delivers immediate visibility into T&E spending to prevent non-compliant activity and identify trends.

• Flexibility: Integrates with external providers like Corporate Traveler and TravelPerk, ensuring seamless expense routing and compliance tracking.

Ramp's latest product marks a significant step in its mission to automate non-strategic tasks and help companies make smarter financial decisions, reinforcing its position in the AI-driven economy.

SME Banking community

With Qorus memberships, you gain access to exclusive innovation best practices and tailored matchmaking opportunities with executives who share your challenges.

Related news & insights

Digital Reinvention
22/05/2025Article

Innovation of the Month: Millennium bcp’s Corporate Homebanking Platform

The Banking Innovation of the Month award for May goes to Millennium bcp’s Corporate Homebanking platform, a practical, user-driven solution...

Insurance
20/05/2025News

Generali builds open insurance strategy around APIs

With nearly 9 out of 10 IT decision-makers reporting difficulty in integrating data from disparate systems, and only 28% of...

SME Banking
14/05/2025News

Chime Enterprise debuts PayTV to bring transparency to payroll

New tool offers real-time visibility into employee pay status.

Insurance
12/05/2025Interview

At work with Iwan Juwono

Iwan Juwono is Head of Insurance at Grab, Southeast Asia’s leading superapp. He shares with Qorus’ Boris Plantier some glimpses...

Digital Reinvention
06/05/2025News

PayPal’s boldest bet yet: Going head-to-head with cash in German retail

"Better Than Cash" isn’t just a slogan—It’s PayPal’s new retail strategy

Digital Reinvention
01/05/2025Article

Financial Innovation Spotlight – April 2025 edition

Here are five standout projects that grabbed our attention, from AXA in France, Maybank in Malaysia, Westpac in Australia, Assurant...

Digital Reinvention
30/04/2025Article

What banks need to know to prepare for the impacts of the FiDA regulation

The EU’s proposed Financial Data Access (FiDA) framework promises transformative impacts for banks and other financial institutions.

SME Banking
30/04/2025Interview

Unveiling the future of agribanking: Bange Bank Cameroun

A subsidiary of Bange SA, Bange Bank Cameroun has played a key role in the country’s social and economic development...