Best Expense Management for Hardware Startups

Leading hardware startups trust Ramp's free expense management solution to automate manual work and close their books 8X faster.
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Get real-time visibility into financial health

R&D is important but cash is king. Get better visibility on real-time spend and burn over time with Ramp's intuitive dashboard. Centralize stray receipts and operations expenses to squeeze out savings where you least expect it.

Empower your employees

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 everyone.

Say goodbye to expense reports

Ramp's automated receipt matching and expense categorization enables your employees to save time on expense reporting and focus on the strategic work that really matters for your hardware business.

FAQ

Why should I choose 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.
How much does Ramp cost?
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 business?
Traditional expense management requires a long manual process and a lot of paperwork that are time-consuming, costly, and error-prone. 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 Ramp can 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.

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