Corporate Cards
Ramp’s corporate cards are designed as a comprehensive financial operations tool rather than just a payment method, offering businesses a combination of high-limit credit, automated expense management and proactive spend control. Benefits include:
- Cash Back: Ramp offers simple cashback rewards on all business purchases without complex category tracking and point systems.
- Virtual and Physical Cards: Ramp provides extensive flexibility for businesses, allowing them to issue unlimited virtual and physical cards to employees, teams and departments, all managed under one set of granular controls.
- Spend Controls: Ramp provides finance teams with the tools to move from reactive oversight to proactive spend control. By setting detailed rules, companies can be sure every dollar spent aligns with their business goals.
- No Fees: Ramp provides a cost-effective solution for business finances, offering its core product without the burden of traditional banking fees.
Expense Management
Ramp simplifies expense management by consolidating spending, policies and accounting into one automated platform, offering:
- Receipt Capturing: Ramp streamlines expense management, letting users instantly capture receipts through photos, text or email forwarding. Its AI-powered system automatically extracts data and identifies out-of-policy items to simplify the reconciliation process.
- Policy Enforcement: Ramp allows businesses to move from manual oversight to automated policy enforcement by embedding rules directly into every corporate card.
- Mobile Access: Ramp provides several convenient ways for users to access the platform and upload receipts directly from their mobile devices, ensuring expenses are recorded in real-time.
- Accounting and ERP Integrations: Ramp’s integration with Sage, specifically Sage Intacct, is a native, two-way API connection designed to automate financial workflows and accelerate the month-end close process.
Accounting and Bookkeeping Automation
Ramp helps businesses save money by combining automated tools with direct financial incentives to reduce wasteful spending and operational costs.
- Invoice Processing: Ramp uses advanced automation to streamline invoice processing, integrating data capture and error detection to minimize the need for manual data entry and oversight by finance teams.
- Multi-step Approvals: Ramp enables businesses to create custom, multi-step approval workflows using a no-code workflow builder, so every payment is vetted according to company policies. Finance teams can layer and nest conditions to automate complex authorization paths.
- Batch Payments: Ramp consolidates multiple invoices for a single vendor into one batch transaction, significantly reducing administrative overhead. The platform simplifies high-volume accounts payable workflows with intelligent data capture and error detection, supporting payment accuracy and automated categorization.
- Tax Compliance: Ramp simplifies tax compliance by automating financial data collection and organization, helping businesses remain audit-ready and compliant with IRS regulations year-round.
Real-time Tracking
Ramp additionally offers:
- Notifications: Ramp gives finance teams automated, real-time notifications to help manage company spend and compliance proactively. Custom alerts surface critical information immediately, reducing the need for manual monitoring.
- Spending Insights: Ramp uses AI-powered spending insights to help businesses identify waste, consolidate vendor relationships and negotiate better pricing.
- Centralized Data: Ramp provides a centralized platform that consolidates all vendor information, giving finance teams a single source of truth for their business spend.
Travel and Procurement Management
Ramp helps businesses manage travel and procurement through automated workflows and embedded controls that ensure all spending remains in policy.
- Simplified Bookings: Ramp simplifies business travel with an all-in-one booking platform, Ramp Travel. Users can manage flights, hotels and rental cars directly within their dashboard. The platform uses Priceline’s global inventory to offer competitive rates and embeds company travel policies into the booking flow.
- Expense Tracking: Ramp automates travel expense tracking, providing real-time visibility and smart categorization for bookings. Its AI-driven system seamlessly matches receipts to transactions and codes them to your general ledger, leaving an audit-ready trail for your ERP without manual effort.
- Price Protection: Ramp's Hotel Price Drop feature monitors refundable bookings and automatically rebooks if prices drop over $50, typically saving about 12%. The process is risk-free, as the original reservation is only canceled once the new, lower-rate booking is confirmed.
