December 16, 2020

Introducing Ramp reimbursements

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We're excited to launch Ramp Reimbursements - the easiest way to pay back your employees for expenses that don't fit on Ramp cards. Employees can now submit out of pocket expenses for approval and get paid back directly on Ramp.

How we got here

Ramp's goal is to make every company financially fit. We started our journey by building the most advanced corporate card on the market - one that automates your expenses and accounting, and saves your company money. The feedback has been overwhelmingly positive, and the ask consistent: customers want more on Ramp.

With T&E spend down by 87%, the need for complex and expensive expense management solutions has dramatically decreased. The rise of spend management solutions like Ramp has made it easy for employees to put business expenses on corporate cards, replacing the need to pay out of pocket and hope to be reimbursed. Need to buy a standing desk for your home office? Simply request and get issued a one time virtual card with the right embedded budget.

By approving spend up front and putting spend on a single platform, finance teams stay in the know and in control. Still, some expenses can't be put on a card - like cash expenses, car depreciation, and incidentals. That's why we built Ramp Reimbursements: a lightweight solution that enables employees to submit out of pocket expenses and get paid back directly on Ramp.

Introducing Ramp Reimbursements

With Ramp, companies can now handle all of their expenses from a single powerful tool including software, advertising, inventory, travel and now out of pocket expenses. Finance teams no longer have to juggle multiple disjointed and expensive solutions, like outdated corporate card solutions (Amex, Chase) or clunky expense management solutions (Expensify, Concur). By consolidating spend on one platform, that's one less tool to pay for each employee, configure, and maintain.

Best of all, finance team enjoy all the perks of the Ramp platform, including best in class user experience, embedded controls and alerts, 1 click approvals from Slack, and advanced accounting integrations. Ramp enforces your expense policies so you can worry about what matters - like keeping your company afloat.

"I see no reason why we need Expensify anymore. Let's get rid of it NOW!"—Hunter, Director of Finance, Feelmore Labs

Switch to Ramp

This holiday season, gift yourself and your employees a better expense experience. Ditch your expensive and clunky expense management solution and switch to Ramp. It takes 15 minutes to get onboarded, and we'll waive all fees for 2021 if you sign up by Dec 31, 2020.

VP of Product, Ramp

Geoff has been building financial services for over 10 years, ranging from management consulting at Oliver Wyman to product development at LendUp, Nomis Solutions, and Mission Lane.

FAQs

How Crossbeam saved $10K+ with Ramp Price Intelligence

“Right now, I text a group of colleagues and search online—but being able to know within a 5% variance that we are solid on pricing? That gives me peace of mind."
Matt Dougherty, Senior Director of Finance, Crossbeam

How Clearbit closed the books >60% faster with Ramp + NetSuite

“Before Ramp, our month-end close took approximately 10 days. Now it takes three to four days—it's unbelievable.”
Kay Coolican, Accounting Manager, Clearbit

How Ramp helped Webflow lay a foundation for sustained growth

“This product allows us to enable our employees to be full-time right away, Ramp allows us to onboard people quicker, it allows us to get them the tools they need, which in many cases they need to be able to spend in order to grow.”
Ivan Makarov

How Candid expanded internationally with Ramp

“Ramp found over $250,000 in savings right out of the gate. That is far more valuable than any points program.”
Nick Greenfield, CEO, Candid

How FirstBlood’s switch to Ramp sped up their monthly close

“If I code one transaction with a certain vendor, Ramp knows. It makes suggestions based on past transactions. It just works.”
Kyle Potter, CFO, FirstBlood

How Elementus overhauled its spend management with Ramp

“The fact that I can have an expense, match it with a receipt immediately, upload it, and then integrate it into QuickBooks is a godsend.”
Matt Austin, Vice President of Operations, Elementus

How Eight Sleep consolidated their finance stack and launched a new product with Ramp

“Identifying the invoice, finding it in Ramp Bill Pay, and flexing it from there, takes all of one minute…it’s only a few clicks and you’re done.”
Irish Rose, Controller, Eight Sleep

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