Welcome to our dedicated page for RCO news (Ticker: RCO), a resource for investors and traders seeking the latest updates and insights on RCO stock.
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Ramp, a finance automation platform, has been named the #1 Most Innovative Company in North America and #9 in the World by Fast Company, marking its second consecutive year on the prestigious list. Helping over 13,000 businesses save time and money, Ramp's innovative solutions include AI-powered expense report automation, flexible financing for bill payments, and open travel booking solutions. The platform has significantly improved efficiency, enabling businesses to reduce spending by 3.5% and close books 8 times faster. This recognition underscores Ramp's commitment to delivering value to its customers and reshaping finance operations.
Ramp announced the launch of international capabilities for bill payments and employee reimbursements, significantly enhancing its finance automation platform. U.S.-based customers increased their international spend by 5.6 times year-over-year, with new features allowing payments in 176 countries and 83 currencies. Key enhancements include cross-border bill payments, flexible financing, and integrations with NetSuite for easier tax reporting. Ramp aims to save businesses time and costs while supporting over 10,000 U.S. businesses and 300,000 cardholders globally, claiming to have saved clients over $300 million to date.
Rémy Cointreau (Paris:RCO) reported first nine months sales of €780.9 million, reflecting a 4.1% decrease on a reported basis and a 1.6% decline organically. The third quarter showed a significant recovery with a 25.1% organic growth, boosted by strong sales in Cognac, up 33.1%. The Americas, particularly the United States, led growth, while Asia-Pacific faced ongoing declines. Although the company expects continued sales growth in Q4, challenges persist due to the pandemic and weak duty-free sales. Adverse foreign exchange effects are projected at -€8 million.
