Overview
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What is Ramp?
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Overall experience with Ramp
“Efficient Approval Flows and Receipt Handling; Ramp Free tier is great!”
About Company
Company Description
Founded in 2019, Ramp is a platform that caters to the needs of finance teams. The company's key focus is on providing a comprehensive solution that incorporates corporate cards, expense management, bill payments, vendor management, and accounting automation. By integrating these various functionalities, Ramp aims to conserve time and resources for businesses, allowing finance teams to enhance their efficiency and productivity. It has gained acceptance amongst a broad range of businesses operating in various industries across the United States. Additionally, Ramp is instrumental in powering a growing corporate card and bill payment platform, handling tens of billions of dollars in purchases on an annual basis. The company enjoys support from various financial entities.
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Reviewer Insights for: Ramp
Performance of Ramp Across Market Features
Ramp Likes & Dislikes
* Can hand out credit cards with very small limits, and easily manage those, e.g. my employees can request additional limit, I can assign new cards with large limits that are fixed to a particular vendor, etc. * Attaching receipts is a snap. We used to need to PDF and attach all receipts, but now it's forwarding an email or snapping a picture. * Approval flow is much faster/easier as well. I don't have to hound my approvers quite so much. * Love that credit cards auto-lock if transactions don't have receipts in a timely manner... a great encouragement to keep things flowing.
I love being able to create a single virtual card for a one-time project or event and share it with all relevant users. Purchases are tagged to the individual and to the project, I preconfigure the accounting info, and I can build in restrictions and approvals or not, as the specific use demands.
I love the limits and restrictions I can put on the cards for the types of purchases that can be made. The dashboard is pretty great too. Easy to navigate and intuitive to use.
* Doesn't integrate natively with my accounting software and likely that even if it did, it would be behind the Ramp Plus paywall. (I'm very happily on the free tier.) * There is a notion of a Ramp Department which sits outside of our accounting codes. I wish those could sync as that would help reporting. * IMHO, it doesn't handle well people who report to two different supervisors, but I think that's just a hard problem anyway. * 1.5% rewards on all credit card transactions
I don't like that only employees who have paid seats can use Ramp to submit mileage reimbursements. We have several employees whose need is limited to that use (and very infrequently as well), and the per-user per month fee is too high for such limited use. To get around it, we still have a separate spreadsheet that about 70% of our staff uses for mileage reimbursements, that they email to our Ramp AP email. It creates confusion having two processes but we do it so that the 30% who are in Ramp get reimbursed quicker, more accurately, and with less work from A/P staff.
Needing to have a separate email address for each card is a pain. The only thing about the dashboard that's not intuitive (to me) is that syncing transactions, which I have now learned falls under Accounting. I can't think of anything else.
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Ramp Reviews and Ratings
- ControllerGov't/PS/EdEducationReview Source
Efficient Approval Flows and Receipt Handling; Ramp Free tier is great!
Totally revolutionized how we handle credit card transactions. It's really easy to manage credit card limits, send out for credit pre-approval, optimize post-transaction approvals, add receipts. Everything works really smoothly. - Chief Operating and Financial Officer<50M USDServices (non-Government)Review Source
Someone on my staff thanks me for Ramp at least once a month
Ramp saves us so much time on the front end assigning spend and on the back end with bookkeeping. - Owner<50M USDHealthcare and BiotechReview Source
Card Limits Help Address Security Concerns In Elderly Care Purchase Management
Ramp has been the perfect solution for our small business. We are a private duty care agency that serves the elderly. Sometimes our clients want their caregivers to purchase groceries or other items for them. I HATE the idea of a client giving someone their cash or credit card, not because I don't trust our employees but just because of the mistakes and misunderstandings that can happen. With Ramp, I can help our clients get what they want while protecting both their finances and our reputation. - Chief of Staff<50M USDHardwareReview Source
Ramp Streamlines Spending and AP Processes For our Start-Up Team
We have been using Ramp for nearly three years now and were early adopters of their product. It is a very purpose built system, and works very well for our start-up team. We use it for employee spending, Bill Pay, and Procurement, and are really happy with it overall. - VPGov't/PS/EdEducationReview Source
There is no downside to using RAMP - all you have to lose is wasted time!
Ramp has helped us save time by automating the receipts, designating the accounts to be debited, and leaving our admin more time for other duties.