Overview
Product Information on Ramp
What is Ramp?
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Overall experience with Ramp
“Efficient Approval Flows and Receipt Handling; Ramp Free tier is great!”
“Finance Team Finds Integration Easy But Traditional Credit Card Use Challenging”
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.
Company Details
Key Insights
A Snapshot of What Matters - Based on Validated User Reviews
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.
Read Full ReviewI 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.
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* 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
Read Full ReviewNot as easy to use as a traditional credit card. Some vendors do not recognize or accept. Thicker card for some reason.
Read Full ReviewI 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.
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Peer Discussions
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. - Senior Accountant<50M USDManufacturingReview Source
Ramp Improves Credit Card and Payment Management With Enhanced AI Automation
Ramp has been one of the best tools we have implemented at our company. It has completely changed the way we manage credit cards, bills and payments. - Risk Analyst50M-1B USDTravel and HospitalityReview Source
Efficient Spend Management Eases Employee Frustration With Reimbursement Timelines
I'm very pleased with how user-friendly this product is and how easy they make it for employees and program managers to decide between issuing a corporate card or going for a reimbursement approach - Finance Associate<50M USDServices (non-Government)Review Source
Receipt Download Feature Appreciated Despite Issues with Vendor and Expense Processes
Overall I like Ramp. I gave it a 4 rating because I dont like it does not automatically update when I set up a vendor in Sage Intaact. I have go out and then go back and sometimes its still not there.