Ramp is a financial operations platform designed to help businesses automate and control their spending. It combines corporate cards, expense management, accounts payable, and accounting automation into a unified system. Ramp is suitable for startups, mid-sized companies, and enterprises across various industries, including technology, retail, and financial services. Key features include automated expense reporting, real-time spend controls, and seamless integrations with major accounting systems. Notably, Ramp offers 1.5% cashback on all card transactions and is free to use, making it an attractive option for finance teams aiming to enhance efficiency and reduce costs.

What are the main features of Ramp?

Automated Expense Management

Ramp automates the expense reporting process, reducing manual tasks for employees and finance teams. Transactions are automatically categorized, and receipts can be captured via mobile app, email, or SMS. The system matches receipts to transactions and enforces compliance with company policies.

• Automatic categorization: Transactions are auto-coded based on predefined rules.

• Receipt capture: Employees can submit receipts through various channels, including mobile and email.

• Policy enforcement: The platform flags non-compliant expenses and can lock cards for repeated violations.

• ERP integration: Seamless syncing with accounting systems like NetSuite and QuickBooks accelerates the month-end close process.

This automation streamlines expense management, allowing finance teams to focus on strategic tasks.

Corporate Card Controls

Ramp's corporate cards come with built-in controls to manage spending proactively. Administrators can set spending limits, restrict merchant categories, and define approval workflows.

• Spending limits: Set per-transaction or monthly limits for individual cards.

• Merchant restrictions: Limit card usage to specific vendors or categories.

• Approval workflows: Customize multi-level approval processes for transactions.

• Real-time alerts: Receive notifications for out-of-policy spending.

These controls help organizations maintain budget discipline and prevent unauthorized expenditures.

Accounts Payable Automation

Ramp simplifies the accounts payable process by automating invoice processing and payments. The platform extracts invoice data, matches it to purchase orders, and schedules payments.

• Invoice capture: Automatically extract data from invoices.

• Purchase order matching: Ensure invoices align with approved purchase orders.

• Payment scheduling: Automate payment runs based on due dates and cash flow.

• Vendor management: Maintain a centralized database of vendor information.

This automation reduces manual data entry and minimizes the risk of errors in the payment process.

Real-Time Spend Insights

Ramp provides real-time visibility into company spending, enabling informed decision-making. Dashboards and reports offer insights into spending patterns, vendor usage, and budget adherence.

• Dashboards: Visualize spending across departments, categories, and time periods.

• Vendor analysis: Identify top vendors and negotiate better terms.

• Budget tracking: Monitor actual spending against budgets in real time.

• Custom reports: Generate reports tailored to specific needs or stakeholders.

These insights support proactive financial management and cost optimization.

Seamless Integrations

Ramp integrates with a variety of business systems to streamline financial operations. Key integrations include:

• Accounting software: NetSuite, QuickBooks, Sage.

• HR systems: Gusto, BambooHR.

• Productivity tools: Slack, Gmail, Microsoft Outlook.

These integrations facilitate data synchronization and reduce the need for manual data transfers between systems.

Why choose Ramp?

• Comprehensive automation: Ramp automates key financial processes, reducing manual work and increasing efficiency.

• Cost savings: The platform's 1.5% cashback on all card transactions and free usage model contribute to direct cost savings.

• Enhanced control: Built-in controls and real-time monitoring help maintain compliance and prevent overspending.

• Scalability: Ramp's flexible architecture supports businesses as they grow and their financial operations become more complex.

• Positive user feedback: Users report significant time savings and improved financial oversight, with many highlighting the platform's ease of use and effective automation features.