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Spending made smarter
Easy-to-use cards, spend limits, approval flows, vendor payments —plus an average savings of 5%.1
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Webinar: Smart ERP setups to automate expense management
Dec. 13, 1 PM EST/10 AM PST

Editor’s note: This is the first in a series of quarterly Ramp Rewind posts to get you up to speed on the latest product updates we’ve built.

Time is money—the more time you spend on tedious tasks like fixing expense report errors, the less time you spend actually growing your business. Here’s what we’ve been building recently to help Ramp customers to work smarter and save more time and money. 

Best-in-class spend controls, down to the vendor level

To properly manage spend, finance teams need the ability to quickly issue cards with the right controls and specify which vendors employees can spend with. Google for paid ads?Yes. Starbucks for your daily caffeine kick? No.

Ramp is the only corporate card that gives you granular merchant-level controls to block unapproved vendors from charging company cards. Blocking bad merchants on company cards is now as easy as blocking spam callers on your phone!

Ramp merchant restrictions

In addition to daily, monthly, and annual card limits, you can also issue cards with weekly limits now, perfect for those employee lunch benefits.

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Our card programs let you roll out cards to your whole company with a single click. Create card templates for common benefits and activities like annual education stipends, home office setup, and team lunches. Got new team members joining? Speed up onboarding by specifying default cards that should be automatically issued to new team members.

Ramp card programs

Visibility into the expenses that matter

You want to know about the $250k Salesforce spend before the receipt lands on your desk. Ramp admins can now create multi-step approval processes to route card and reimbursement requests based on spend amount and ensure the right folks are in the know. 


Ramp multi-step approval flows

If you live and breathe by your Slack notifications, use our integration to easily review and approve requests directly in Slack. You can also set it up to ping when important transactions happen. We’ve partnered with Slack to offer 25% off eligible plan upgrades (Ramp users, you can find this discount in the Insights tab).  


Ramp integration with Slack


Admins can also set up fine-grained email alerts for transactions that exceed a certain dollar amount in different categories, merchants, or departments. Specify who should get alerted and create flag rules to automatically mark those transactions as being out of policy. 

Ramp transaction alerts and flags

Ramp’s daily digest emails help admins stay on top of other important changes to company finances, such as:

  • Large transactions
  • Increases in vendor spend
  • Upcoming bills
  • New vendors
  • New cards issued 

Ramp daily digests

Line managers need visibility as well. They now have better insight into how much their team is spending and opportunities to save within the platform.  

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Efficient accounting reconciliation

The easiest way to annoy your accounting team is to make them spend time correcting expense reports. Thankfully, Ramp admins can reduce errors by filtering the accounts that are visible by team. For instance, marketing teams should only see—you guessed it—marketing categories.

Now admins can go one step further and relabel cryptic-sounding GL accounts in Ramp so employees can quickly find the right ones when submitting their reports. The less guesswork they do, the fewer errors you have to fix.  

Ramp GL filtering

Use NetSuite? Our Built for NetSuite integration automatically codes transactions, syncs transactions across multiple entities, splits transactions, and more.

Ramp Built for NetSuite integration

If managers and finance teams spot an unauthorized transaction, they can directly flag it on the dashboard to trigger an alert to the employee. 

Ramp transaction flags


Even more savings with Plastiq

With Ramp, you get 1.5% cashback on all transactions. For vendors who don't accept cards, use Plastiq to charge your Ramp card and send out payment via check, ACH, or wire transfer. That way, you can get cashback for big expenses like inventory, office leases, and logistics while preserving your cash reserves. Ramp users pay a discounted 2.5% fee for Plastiq vs the standard 2.85%. Learn more about our Plastiq partnership  

Want to see if Ramp can help you with your spend management? Sign up for free. Want to join our mission to help businesses save more money? Check out our open roles

Lead Product Manager, Ramp

In addition to being a key member of the Ramp product team, TK is also the chief meme officer at Ramp. TK leads the Spend Management product team at Ramp. Learn more about his work and interests at tkkong.com.

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 Alexandra Lozano Immigration Law prepared for scale with Ramp

"I used to have to call our card provider and sit on the phone for a couple hours a week, I don’t have to do that with Ramp.”
Wayne Robinson, CFO, Alexandra Lozano Immigration Law

How Ramp helped Smart City Apartment Locating save time, expedite month close, and grow sustainably

"Five to 15 hours each month of non-value-add activities are off my plate. I’m able to be a strategic advisor versus just a tactical manager when it comes to spend management.”
Dustin Walsted, VP Finance, Smart City Apartment Locating

How TaskHuman built their runway with Ramp

“I’ve pretty much seen or used everything that’s out there, everything does something Ramp does, but nothing does everything Ramp does.”
Matthew Ferguson, Controller, TaskHuman

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