Andy Bernard
About Andy Bernard
Andy Bernard is a Senior Product Manager at Ramp, a finance automation platform, where he has significantly improved operational efficiencies and fraud detection.
Andy Bernard - Senior Product Manager at Ramp
Andy Bernard holds the position of Senior Product Manager at Ramp, a finance automation platform. He has played a critical role in improving the company’s operational efficiencies, notably reducing application processing times by 30 minutes and saving the organization $300,000 in fraud prevention through the implementation of improved accuracy measures. His efforts have contributed significantly to Ramp's capacity to manage fraud proactively and efficiently.
Ramp - Company Overview
Ramp is a finance automation platform headquartered in New York, NY. The company specializes in providing corporate cards, expense management, bill payments, and accounting integrations for its clients. By leveraging advanced technologies, including AI-powered fraud detection and document automation, Ramp helps organizations streamline their financial operations and minimize the risks associated with fraudulent activities.
Ramp's Financial Services Offerings
Ramp operates within the financial services industry, focusing on various use cases such as document collection, document review, and credit analysis. With a suite of features like AI-powered fraud detection and document automation, Ramp addresses critical financial processes and helps organizations improve their operational efficiency. The company’s reliance on Inscribe for identifying fraudulent documents and automating account opening processes further underscores its commitment to innovation in financial management.
Ramp's Fraud Prevention Strategies
A significant aspect of Ramp’s growth strategy involves the prevention of application fraud. The company faces challenges where individuals submit falsified information via forged documents during the application process. To combat this, Ramp has implemented strong controls to prevent fraud from the outset of onboarding. Using Inscribe, Ramp automates the identification of fraudulent documents, which has resulted in immediate ROI, including a $300,000 savings when Inscribe accurately detected manipulations on bank statements.
Inscribe's Impact at Ramp
Inscribe plays a crucial role in enhancing Ramp’s operational efficiencies by automating parts of the account opening process, fulfilling KYC requirements, and parsing bank statements for credit analysis. By reducing average processing times by 30 minutes per application, Inscribe alleviates the manual workload, thereby reducing employee fatigue and burnout. Furthermore, Inscribe's capabilities assist Ramp in catching instances of first-party fraud, where individuals manipulate or edit their documents.