Ramp Expands AI Capabilities with Launch of Agents for AP

Ramp has launched Agents for AP, an AI-powered feature in its Bill Pay platform that automates invoice coding, approvals, and payments with OCR technology. It learns from past vendor data, contracts, purchase orders, and approval patterns to code invoices with about 85% first-pass accuracy and suggest approvals automatically. Ramp reports that early users flagged more than $1 million in suspicious invoices within 90 days using its fraud detection tools. Bill Pay—Ramp’s fastest-growing product since its 2021 launch—has tripled payment volumes and doubled its customer base year over year. The launch follows Agents for Controllers and expands Ramp’s move toward fully automated finance operations.

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