Ramp Courts $150 Billion Accounting Sector With New AI System | PYMNTS.com

Ramp Stack is entering the $150 billion accounting sector with Stack, an AI system designed to automate the close and codify SOPs that adapt as client needs evolve. Ramp notes more than 300,000 CPAs and a 20-year low in accounting degrees as pressure mounts on firms to automate meaningful work beyond prompts. Stack outperformed general-purpose models in over 200 accounting tasks and will expand to tax, audit, and advisory workflows, connected to multiple data sources. The launch follows Ramp’s procurement updates, adding AI agents for triaging requests and contract reviews. Wall Street Journal reports Ramp seeks about $750 million at a valuation above $40 billion; Ramp did not comment.