Best Expense Management for Consumer Electronics Startups

Leading consumer electronics startups trust Ramp's free expense management solution to automate the mundane and close books 8X faster.
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Best Expense Management for Consumer Electronics Startups

Leading consumer electronics startups trust Ramp's free expense management solution to automate the mundane and close books 8X faster.
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Join the 10,000+ companies using Ramp
Join the 10,000+ businesses already simplifying their finances
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Understand your true cost and financial health

COGS is critical to your bottom line. Ramp's expense management software allows you to know where every line item comes from, with full certainty the COGS number on your balance sheet is correct. Centralize your spend and trust every dollar spent with Ramp.

Empower your team

Expense policies ensure that employees have specific spend guidelines to adhere to while feeling empowered to make smart business spending decisions. To make things easier, we've created an expense policy generator so you can produce your own policy in just a few clicks. In it, you can define your own approval workflows, spend guidelines, travel spend policy and more. With Ramp's built-in card controls, you can issue unlimited cards at scale in seconds to your employees and limit spending to certain amounts, categories, and vendors. Peace of mind for the entire team.
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Say goodbye to expense reports

Ramp's automated receipt matching and expense categorization enables your employees to save a significant amount of time on expense reporting and focus on the strategic work that really matters for your consumer electronics business.

All-in-one finance automation solution for consumer electronics companies

Replace your expense management system today
Replace your corporate card and expense management system today

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FAQ

What is Ramp?
Ramp is the only finance automation platform designed to save you time and money. Ramp is 5-in-1 software that consolidates corporate cards, expense management, bill payments, accounting automation, and insights and reporting into one user-friendly free platform providing you the best control and visibility.
Is there a fee for Ramp?
Ramp is 100% free.
How does expense management automation work?
The traditional expense management process typically includes many manual steps and requires a lot of time and hard labor to maintain and store. Finance team members have to chase down employees for receipts and expense reports at each month end to make sure the timely and accurate expenses reporting. Unlike traditional expense management, expense management automation system like Ramp allows you to use software to automatically manage recording, tracking, reviewing, approving, and reporting for any employee expenses. Ramp also automatically helps assure no spend is out-of-policy and provides real-time visibility into spending insights and analytics.
Is expense management automation important to my consumer electronics business?
Time-consuming, costly, and error-prone, traditional expense management often needs a long manual process and a lot of paperwork. Expense management automation can 1) significantly simplify the expense reporting process for both employees and managers, 2) save a significant amount of time for finance teams so that they can focus on what matters the most, and 3) help finance leaders get access to real-time visibility into company spending insights and trends.
How can Ramp automate the expense management process?
Here are just a few ways Ramp automates your expense management: 1) Advanced card level controls: Ramp allows Admins to set and adjust spend limits on every card used in the business business. Managers can do the same with their teams. 2) Receipt and memo requirements: Admins can also set the business-level threshold for receipts, and then receive SMS or email notifications whenever these large transactions occur. 3) Automatic receipt matching: Employees are prompted to provide their receipts after each transaction, and Ramp will automatically match their receipts with the appropriate transactions. 4) Request and approval workflows: Employees can request to spend within Ramp, and you will be able to review and approve the spend in real time. 5) Multi-level approvals: You can set up custom approvals flows to help track approved expenses and new cards that are being created for employees and managers. 6) Real-time visibility: Through the Ramp dashboard, Admins can easily remind team members to upload their receipts, as well as view spend analytics and identify trends.
How can Ramp save time for my consumer electronics company?
Here are just a few ways Ramp saves you time: 1. Automatic expense submission and collection: our automatic receipt matching saves time for both employees and finance teams. Users who make purchases simply need to take a picture of their receipt, then text or email it to Ramp! This also means that your finance team no longer needs to chase after employees for receipts. 2. Automatic categorization: Ramp automatically categorizes transactions based on the rules you set up so you can close your books more quickly. 3. Automatic policy enforcement: Ramp automatically declines out-of-policy transactions and flags them to the manager and your finance team. 4. Automatic invoice management: Ramp uses Optical Character Recognition (OCR) to automatically recognize the invoice and receipt details. 5. Automatic accounting sync: Your finance team can connect Ramp with your existing accounting software and sync Ramp data to your accounting system, making reconciliation simple.

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