ResourcesArticles
Product update
April 27, 2022

Ramp Rewind: Speeding up finance with travel spend controls, receipt matching integrations, and more

Spending made smarter
Easy-to-use cards, spend limits, approval flows, vendor payments —plus an average savings of 3.5%.
|
4.8 Rating 4.8 rating
Error Message
No personal credit checks or founder guarantee.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Webinar: Intro to Ramp Plus
Sept. 28th, 1 PM ET/ 10 AM PT

Editor’s note: We publish quarterly Ramp Rewind posts to get you up to speed on the latest product features and updates. 

We pride ourselves on moving fast—it’s built into our company DNA. We’ve moved with lightning speed on shipping features that can improve your user experience and help take your business to the next level. 

But one thing we’ll never sacrifice for speed is accuracy. It’s important to move quickly, but only if that speed helps guide your business toward superior results. 

That’s why we’re focused on features that are fast but also incredibly accurate. Powerful integrations, automated receipts, and enhanced visibility in the audit process are all here to help you gain the insights you need to drive better business outcomes. 

Freedom to book travel on your preferred platform with spend controls and real-time visibility

Your expense policy should move at the pace of your fastest employee. Ramp’s open travel solution is designed for speed and accuracy, while still providing spend controls and visibility.

Employees can book their flight or hotel with your expense policy requirements built into the transaction—and since speed alone isn’t worth the pain of inaccurate reporting, automatic receipt integrations with companies like Lyft allow for an even more seamless experience.

image

Ramp automatically matches spend to receipts through our effortless integrations.

Chasing down employees for receipts can be a time-consuming and frustrating experience. But Ramp streamlines this process via automatic receipt matching for the platforms you use most, such as Gmail, Amazon Business, and Lyft.

image


Never dig through your overflowing inbox for a receipt again. Ramp seamlessly matches the spend so you can allocate your valuable time toward more strategic activities. 


Sync cashback and statement payments to your ERP

Rewards should never create more work for you. Keep track of all your earned cash back by automatically and accurately syncing it to your ERP. Ramp does all the heavy lifting by accurately syncing card payments and cashback. 

image

Leverage the success of your sales to attain higher card limits

Traditional corporate cards have limits that may not work for every business. For example, businesses like e-commerce, which rely on inventory, may require more flexibility to run efficiently. Ramp solves this issue by increasing the credit limit up to 30x those of legacy cards. We’ll underwrite based on your sales when you connect your commerce platform to Ramp, eliminating the need for large bank balances and years of financial statement history.

View your spend in real time across your business either with a macro view of all spend or by drilling down deeper into specific categories like advertising or shipping. You’ll feel empowered to make more informed business decisions that can provide your business with a competitive advantage.

image

 

All your transaction questions answered, all in one view

Who, what, when, where, and why are all questions you probably ask yourself when it comes to employee spend. Ramp’s event history provides a clear snapshot that allows you to answer these questions at a glance. 

We’ve eliminated manual detective work by consolidating spend history and providing an audit trail on both the card and transaction level. 

Cardholders and managers can also use this view to quickly answer their own questions about transactions such as why something was out of policy and whether a reimbursement has been completed. Say goodbye to email trails and follow up reminders with transaction histories, approvals, and memos all in one place.

image

Senior Product Manager, Ramp

At Ramp, Sam focuses on Risk; Underwriting tech and embedded finance products. Prior to Ramp, Sam worked at 8VC, Uber, and Credit Karma.

Ramp is dedicated to helping businesses of all sizes make informed decisions. We adhere to strict editorial guidelines to ensure that our content meets and maintains our high standards.

FAQs

How First Tee transformed its bookkeeping and saved time with PwC and Ramp

"The efficiency of using PwC Bookkeeping Connect, coupled with the Ramp platform, has probably been about 75% time savings. Instead of every hour I would have had to spend on bookkeeping, I’m probably having to spend maybe 10 or 15 minutes.”
Dan Burke, CEO, First Tee San Francisco

How Mix Talent cut costs, gained transparency, and improved efficiency with Ramp

"I use Ramp’s functionality to examine the contracts and understand whether we’re getting the best terms, as opposed to just trying to get the bill paid. Ramp has allowed us to project cash flow so much better."
Paul Streitenberger, Accounting & Finance Lead, Mix Talent

How The Joffrey Ballet cut their month-end close time with Ramp

“One of the things I was looking for, and which Ramp has done for me beautifully, is to consolidate credit cards, ACH payments, check payments, and reimbursements into one place and give us a full picture for insights."
Gee Hoon Lim, Director of Finance, The Joffrey Ballet

How Beyond sped up reconciliation time 8x faster with Ramp

“With Ramp we close in 5-6 days, which is pretty quick for a company with four different subsidiaries."
Jake Steele, Senior Staff Accountant, Beyond

How Ramp helped Barry’s save 400 hours/month on expense report headaches

“As we scale we need tools that are built to scale with us - we need to see expenses real time, we need to see duplicate spend. These types of insights are important to the health of our business.”
Steve Padis, SVP Finance & Strategy, Barry’s

How Seed optimized card management, increased compliance, and prepared for scale with Ramp

“Ramp is helping us build a closed loop of financial feedback if you will, we’ve gained visibility, accuracy, and control.”
Sarah Bird, Controller, Seed

How Ramp enabled Glossier to save 5 hours/week and easily integrate with NetSuite

“We were in disbelief. We were not prepared for the speed of execution.”
Roxane Cosnard des Closets, Senior Manager of Financial Systems at Glossier