Ramp Reviews & Pricing

by Ramp Business Corporation | Founded 2019, New York, NY

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Overview Pricing Benefits Reviews Features

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What is Ramp?

Industry Specialties: Serves all industries.

Ramp offers a comprehensive software solution for managing expense-related tasks, making it particularly beneficial for businesses seeking streamlined financial operations. It is ideally suited for industries that require meticulous expense tracking and management, such as technology, finance, and consulting. The platform's standout features include automated receipt matching, real-time expense reporting, and seamless integration with accounting systems, which enhance efficiency and accuracy. Users appreciate its intuitive interface and robust analytics capabilities, which provide valuable insights into spending patterns. Compared to similar products, Ramp is often praised for its user-friendly design and the ability to significantly reduce manual workload. While specific pricing details are not readily available, potential users are encouraged to contact SelectHub for a tailored pricing quote that aligns with their specific requirements. This ensures that businesses can make informed decisions based on their unique financial management needs.

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Ramp Pricing

Based on our most recent analysis, Ramp pricing starts at $15 (Per User, Monthly, Freemium).

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Starting From: $15
Pricing Model: Per User, Monthly, Freemium
Free Trial: Yes, Request for Free

Training Resources

Ramp is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for Ramp:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

Ramp Benefits and Insights

Why use Ramp?

Key differentiators & advantages of Ramp

Time Efficiency: Automate repetitive tasks like receipt collection and expense categorization, freeing up valuable time for more strategic work.
Cost Control: Gain real-time visibility into spending patterns, enabling proactive budget management and cost-saving opportunities.
Policy Compliance: Ensure adherence to company expense policies through automated checks and alerts, reducing the risk of non-compliance.
Data Accuracy: Minimize human error with automated data entry and integration with accounting systems, ensuring precise financial records.
Scalability: Easily accommodate business growth with a platform designed to handle increasing transaction volumes without additional complexity.
Employee Empowerment: Simplify the expense reporting process for employees, reducing frustration and improving overall satisfaction.
Customizable Workflows: Tailor approval processes to fit organizational needs, enhancing operational efficiency and control.
Enhanced Security: Protect sensitive financial data with robust security measures, including encryption and access controls.
Integration Capabilities: Seamlessly connect with existing financial tools and systems, ensuring a cohesive and streamlined workflow.
Insightful Reporting: Access detailed analytics and reports to make informed decisions and drive strategic financial planning.
Environmental Impact: Reduce paper usage and carbon footprint by transitioning to a digital expense management system.
Vendor Management: Optimize vendor relationships through consolidated spending insights and streamlined payment processes.
Cash Flow Optimization: Improve cash flow management with timely expense tracking and forecasting capabilities.
Remote Accessibility: Enable remote teams to manage expenses efficiently from anywhere, supporting flexible work arrangements.
Audit Readiness: Maintain comprehensive and organized records that simplify the audit process and ensure compliance with regulatory requirements.

Industry Expertise

Ramp.com is a fintech platform that specializes in helping businesses of all sizes streamline their financial operations. It is particularly well-suited for companies that struggle with managing expenses, want to gain better visibility into their spending, and are looking to automate their financial workflows.

Synopsis of User Ratings and Reviews

Based on an aggregate of Ramp reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

Easy to Use: Both employees and finance teams find the platform's design intuitive and easy to use.
Automated Expense Tracking: Features like receipt matching and automatic transaction categorization remove the need for manual data entry, saving time and reducing errors.
Real-Time Visibility: Ramp provides a real-time overview of company spending, allowing for better budget tracking and financial decision-making.
Seamless Accounting Integration: Integration with popular accounting software like QuickBooks ensures data consistency and simplifies financial reconciliation.
Virtual and Physical Cards: Ramp offers both virtual and physical cards, providing flexibility and control over employee spending.

Cons

Role-Based Permissions: Users seeking more robust role-based permissions, especially for individuals handling multiple responsibilities, might find the current system inadequate.
Missing Items Page: Some users have expressed that the user experience of the page dedicated to managing missing receipts or information could benefit from improvements.
Reporting Customization: While Ramp offers reporting features, a desire for greater flexibility and customization options within those reports has been noted by some users.

Researcher's Summary:

Is Ramp on-ramp to the highway of success when it comes to expense management, or does it fall flat? User reviews from the past year paint a largely positive picture of Ramp, highlighting its user-friendly design and powerful automation features as key strengths. Users rave about the platform's intuitive interface, which simplifies expense tracking and reporting for both employees and accountants. The automation capabilities, particularly receipt matching and spend policy enforcement, are praised for saving time and reducing errors, a sentiment echoed by a user who stated, "This software makes no room for your team not to provide receipts for expense reporting." Seamless integrations with popular accounting software like Xero and QuickBooks Online further streamline financial processes, making reconciliation a breeze.

However, some users point out areas where Ramp could improve. Limited delegation features, particularly the inability to allow administrative assistants to submit receipts on behalf of employees without granting full account access, are a common gripe. Additionally, users who wear multiple hats within their organizations find it cumbersome to navigate between different permission levels. Some users also desire more robust reporting functionalities, such as enhanced sorting and filtering options. One user, while generally satisfied, noted, "The statement would be better for us if it was broken down by card. Instead all transactions are in one group by transaction date."

Despite these minor drawbacks, Ramp's strengths in user-friendliness, automation, and integrations make it a compelling choice for businesses looking to streamline their expense management processes. Its intuitive design and robust feature set make it particularly well-suited for startups, small and midsize businesses, and companies with remote workforces. These types of businesses often grapple with limited resources and time constraints, and Ramp's automation and ease of use can significantly alleviate the burden of expense management, allowing them to focus on core operations and growth.

Key Features

Notable Ramp.com features include:

Automated Expense Reporting: Automatically generates expense reports by syncing transactions directly from corporate cards, reducing manual entry.
Real-Time Spend Insights: Provides immediate visibility into spending patterns with detailed analytics and dashboards, allowing for informed decision-making.
Receipt Matching: Uses AI to match receipts with transactions, ensuring accuracy and compliance without manual intervention.
Custom Approval Workflows: Allows businesses to set up tailored approval processes that align with their internal policies and hierarchies.
Vendor Management: Centralizes vendor information and tracks spending by supplier, helping to manage relationships and negotiate better terms.
Integrations with Accounting Software: Seamlessly connects with popular accounting platforms like QuickBooks and Xero, streamlining financial operations.
Corporate Card Issuance: Issues physical and virtual cards with customizable spending limits and controls, enhancing financial oversight.
Policy Enforcement: Automatically enforces company spending policies at the point of purchase, reducing non-compliant expenses.
Multi-Level Security: Employs robust security measures, including encryption and two-factor authentication, to protect sensitive financial data.
Customizable Reporting: Offers flexible reporting tools that allow users to generate reports tailored to specific business needs and metrics.
Mobile App Accessibility: Provides a mobile application for on-the-go expense management, enabling users to capture receipts and approve expenses from anywhere.
Budget Tracking: Monitors budgets in real-time, alerting users to potential overspending and helping maintain financial discipline.
Automated Reconciliation: Simplifies the reconciliation process by automatically matching transactions with bank statements, reducing errors.
Spend Categorization: Automatically categorizes expenses based on predefined criteria, aiding in accurate financial reporting and analysis.
Employee Reimbursement: Facilitates quick and efficient reimbursement processes for out-of-pocket expenses, improving employee satisfaction.
Audit Trail: Maintains a comprehensive audit trail of all transactions and changes, supporting compliance and transparency.
Custom Spend Controls: Allows businesses to set specific spending limits and restrictions for different teams or projects, enhancing budget management.
Data Export Options: Provides various data export formats, making it easy to share financial information with stakeholders or integrate with other systems.
Fraud Detection: Incorporates advanced algorithms to detect and flag suspicious transactions, safeguarding company funds.
Training and Support: Offers extensive resources and customer support to ensure users can effectively utilize the platform's features.