Best Expense Management for Education Companies

The fastest growing Education and EdTech companies trust Ramp's expense management platform to save time, control spend, and automate busywork. Join the ranks.
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Understand your financial health with minimal effort

Does your finance team spend valuable time manually collating data to monitor KPIs and analyze performance? Ramp's expense management software gives actionable insights on spend in real-time, so your finance team doesn't need to fiddle around in excel. Know exactly where your money is spent in a matter of seconds.

Empower your employees

Creating your own expense policy with Ramp only takes minutes. With our expense policy generator, you can build your own policy in just a few clicks. 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 and limit spending to certain amounts, categories, and vendors. With this level of control and visibility, you can be confident that all employee spending is within policy. Everyone feels empowered and ready for what matters the most!

Automate manual work

Make expense accounting a breeze with smart rules for any field from category to department. Ramp continuously learns from your chart of accounts to save time and improve accuracy.

FAQ

What is Ramp?
Ramp is the 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.
Tell me more about Ramp pricing?
Ramp is 100% free to apply and use.
How does expense management work?
Expense management tracks, monitors, audits employee spends, and approves or reimburses the expenses that are aligned with the company's expense policy.
What is expense management automation?
The traditional expense management process typically includes 5 - 10 manual steps and uses a paper- and spreadsheet-based system that requires a lot of time and energy 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 reimbursement and 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. Following the company's own expense policy, Ramp also automatically helps assure no one is overspending on any areas.
How can Ramp automates EdTech startups' 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.
Why should my EdTech startup automate expense management?
Traditional expense management requires a time-consuming manual process and a lot of paperwork that are error-prone. Automating expense management can benefit your business in the following ways: 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.
How can Ramp help my company save money?
Ramp has saved its customers more than $135 million in total. Here are a few ways Ramp saves your company money: 1. Unlimited cash back: Ramp offers 1.5% cashback on all transactions. 2. Exclusive savings insights: Ramp helps companies reduce overall spend by 3.3% through finding redundant subscriptions, identifying the vendors that you might want to switch to Ramp to maximize cashback, and providing SaaS price insights 3. Partner rewards: Ramp has over $200k in exclusive partner rewards with leading software and vendors such as AWS, Notion, etc. 4. Free negotiation services: Ramp provides free negotiation services for your SaaS contracts for free.

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