Ramp

Ramp is a comprehensive finance automation platform designed to modernize financial operations for businesses of all sizes, from startups to global enterprises. It consolidates multiple financial tools into a single, unified system, aiming to save businesses both time and money. At its core, Ramp integrates smart corporate cards with powerful software for expense management, accounts payable, procurement, and accounting. The platform is trusted by over 40,000 finance teams and leverages Ramp Intelligence, its AI-powered engine, to automate tedious tasks, uncover savings opportunities, and ensure policy compliance.

How to use Ramp

Getting started with Ramp is designed to be fast and efficient. The typical onboarding process takes just a few minutes:

1. Initial Setup: Begin by connecting your ERP or accounting software (like QuickBooks, Xero, or NetSuite) in minutes. You can then upload your company's expense policy to set the foundation for automated controls.
2. Issue Cards: Instantly issue virtual or physical corporate cards to employees. Cards can be created with built-in controls, such as spending limits, vendor restrictions, and category locks, ensuring all spending is pre-approved and in-policy.
3. Manage Expenses: As employees spend, Ramp automatically collects and matches receipts. Its AI-powered system codes transactions, eliminating the need for manual expense reports. Managers can approve expenses on the go, and the system flags any out-of-policy transactions.
4. Pay Bills: Streamline your accounts payable process. Ramp's AI captures invoice details using OCR, sets up automated approval workflows, and allows you to pay vendors via ACH, card, check, or wire transfer, all from one place.
5. Close Books Faster: With all spend data captured and categorized in real-time, Ramp automates accounting workflows. It syncs seamlessly with your accounting system, accelerating the month-end close by up to 75%.

Core Features of Ramp

• Ramp Intelligence: An AI layer that works 24/7 to detect out-of-policy transactions, identify duplicate spending, find savings opportunities, and automate data entry.
• Corporate Cards: Issue unlimited physical and virtual cards with granular controls. Set policies that enforce themselves to stop out-of-policy spending before it happens.
• Expense Management: Automates the entire expense reporting process, from receipt collection and matching to transaction categorization and reimbursement.
• Accounts Payable Automation: AI-powered invoice capture, customizable approval workflows, and multi-channel payment options (ACH, card, check, wire) to streamline bill payments.
• Procurement: A fully integrated intake-to-pay system that manages purchase requests, approvals, purchase orders, and vendor onboarding.
• Accounting Automation: Direct integrations with leading accounting software (NetSuite, QuickBooks, Xero, Sage Intacct) for a faster, more accurate monthly close.
• Global Operations: Supports payments to 195 countries in over 40 currencies, with local currency reimbursements and card issuing capabilities.
• Travel Management: Allows businesses to set custom travel policies, manage bookings, and automate travel expense reporting.

Use Cases for Ramp

Ramp is versatile and serves various business needs across different industries:

• Startups & Small Businesses: Simplify finances from day one with a free, easy-to-use platform. Automate expense tracking and bill payments to focus on growth.
• Mid-Market Companies: Replace multiple disconnected tools with a single platform. Gain better control over spending, improve operational efficiency, and scale financial processes.
• Enterprises: Customize complex approval workflows, manage multi-entity finances, and integrate with custom ERP systems for full control and visibility over global spend.
• Finance Teams: Drastically reduce manual work associated with expense reports, invoice processing, and month-end closing, freeing up time for strategic initiatives.

Advantages of Ramp

Ramp offers significant advantages over traditional financial tools:

• Unified Platform: Consolidates cards, expenses, bill pay, and accounting into one system, eliminating the need for multiple software subscriptions.
• Proactive Spend Control: Instead of just tracking expenses, Ramp allows you to control spending before it occurs with customizable card policies and approval flows.
• Time and Cost Savings: By automating manual tasks, Ramp saves companies hundreds of hours per month. Its AI also identifies areas of overspending, delivering tangible cost savings.
• Scalability: The platform is built to grow with your business, offering simple defaults for startups and advanced customization for large enterprises.
• Seamless Integrations: Connects with your existing stack of accounting, HRIS, and productivity apps to create a fully synced financial ecosystem.

Pricing and Plans

Ramp offers a flexible pricing structure to fit different business needs:

• Free: A robust free plan ideal for smaller teams. It includes core features like unlimited corporate cards, basic expense policy enforcement, and standard accounts payable functionalities with QuickBooks Online and Xero integrations.
• Plus: Priced at $15 per user per month (with a 20% discount for annual billing). This plan is for teams looking to automate more work. It adds advanced features like multi-entity support, custom travel policies, advanced approval workflows, and integrations with NetSuite and Sage Intacct.
• Enterprise: Custom pricing for large organizations. This tier includes all features of Plus, along with direct and custom ERP integrations, advanced security and compliance features, role customization, and dedicated support.