Best expense management for Financial Services Companies

The fastest growing financial services companies trust Ramp's free expense management solution to automate busywork and close books 8X faster.
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Create expense policies, reduce spend

Creating your own expense policy with Ramp only takes minutes. To make things easier, we've created an expense policy generator so you can produce your own personalized policy in just a few clicks. Ramp enforces your expense policy and ensure your employees make the smart spending decisions.

Empower your team, drive growth

With Ramp, you can issue unlimited cards at scale in seconds to your team and precisely limit spending to certain amounts, categories, and vendors. Your employees can also request physical or visual cards or increate their limits within their Ramp account. Requests are sent directly to the admin for review. Once approved, they’ll have immediate access to the new card.

Automate busywork, save time

Just snap a photo of your receipt and text it to Ramp, our AI-powered technology will match it to the appropriate transaction. Better yet, Ramp automatically collects receipts from your Gmail, Lyft and Amazon Business transactions and matches them with the right transactions, then automatically categorize your expenses based on the rules you create. Your accountant will love you!

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.
What is expense management automation?
Expense management tracks, monitors, audits employee spends, and approves or reimburses the expenses that are aligned with the company's expense policy. 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.
Is expense management automation important to my financial services company?
Yes, it's going to save you from headaches. Time-consuming, costly, and error-prone, traditional expense management requires 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?
Ramp have the following features that help your company automate the tedious expense management process: 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 help my financial services company save time?
On average, Ramp helps customers close their books in 8 hours, not days. 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 help my financial services company save money?
Ramp has saved its customers over $135 million and counting. Here are a few ways Ramp saves your company money: 1. Unlimited cash back: Ramp offers 1.5% cash back 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.
Can Ramp replace our existing expense management system?
Yes, Ramp can replace the need for an expense management system such as Expensify, Concur, and Tally! Here are just a few ways Ramp provides better expense management: 1: Automated Expense Policy and Receipt Matching: Ramp easily allows you to issue an unlimited number of cards, set specific limits by card to control employees' spend, and leverage our existing expense policy template to make your own expense policy. You can also require receipts and spend justification via memos directly within Ramp. Employees are prompted to provide their receipts after each transaction, and Ramp will automatically match their receipts with the appropriate transactions. 2. Advanced Card Controls: Ramp allows you to issue the right card for employees for all kinds of use cases such as recurring annually, monthly or weekly spends, one-time limit for a special occasion, etc. Your employees can also request cards from their managers for different purposes. Ramp also allows you to make any changes in real time from your dashboard.

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Learn more about expense management

More than just best-in-class expense management

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

Entirely free plus 1.5% cashback on every transaction

Don't waste time playing the points game. Ramp's 1.5% cashback is simple and straightforward.

Stronger controls and real-time visibility

Control your business spend with daily limits and auto-locking cards, card programs, and a sub-admin role

Runs on Visa

Accepted by millions of merchants all over the world.

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