WayUp put expense reports on auto-pilot by switching to Ramp
WayUp is a platform for employers to find and hire college students & recent graduates. The company enables early-career candidates to discover and be discovered by employers. From landing paid internships throughout college to your first or second job, WayUp is helping people uncover opportunities for their future.
We sat with JJ Fliegelman - Co-Founder & CTO and Jose Ramon-Batista - Staff Accountant at WayUp to hear about their experience. They switched to Ramp because they felt their outdated expense management tools obscured the spending process and made timely reconciliation nearly impossible.
Manual expense reports wastes WayUp’s valuable resources
As WayUp’s Staff Accountant, Jose Ramon-Batista, understands the importance of operational efficiency and cutting costs, saving the company’s money wherever he can. WayUp’s manual expense reporting process placed unnecessary overhead for every employee and caused massive delays during month-end close. Even after spending hours manually reviewing every expense, Jose still couldn't guarantee the accuracy of the company's finances.
Employees wouldn’t submit their expense reports until two months later, and that wasn’t great for our financial reporting because it would make them completely inaccurate.
Jose, Staff Accountant at WayUp
As a co-founder, JJ was wishing for visibility & transparency of his company’s spend. He wanted to ensure that his employees were spending on the right things and not wasting the company’s precious resources. Jose and JJ were ready to ditch a cumbersome expense process that was dragging their company down. They had chased down employees to collect and match receipts manually for the last time. They knew it was time to rip out Amex and Tally and close their books with Ramp.
Meet Ramp’s Automated Expense Platform
WayUp rolled out Ramp in under a day and started reconciling in real-time. They set their policies and let Ramp collect receipts automatically, the way a modern expense management platform should. "What I like about Ramp compared to any other expense report, is the fact that we can automate many things. We can create rules for vendors, and specific categories. The more we can automate, the better, and that’s the power of Ramp." said JJ.
Automation is Ramp’s ultimate headline. [...] I used to spend more than six hours per month reviewing expense reports. After setting up Ramp, it takes me less than an hour.
Jose, Staff Accountant at WayUp
Ramp allowed WayUp to create a culture of financial responsibility, confidence, and control. “I love how much control and freedom Ramp gives us” said Jose. Ramp’s corporate card saves hours of manual labor every month for him and his team. Jose can now confidently close his books on time every month and know that they are accurate. Co-Founder JJ Fliegelman now has real-time visibility into his company’s spend and is sure that his employees are spending on the right things.
Ramp helps keep things clean with the organization and I know that the cards will be used properly by the employees.
JJ, CEO at WayUp
Today, WayUp’s executives can easily login into their Ramp dashboard and see how their teams are pacing against budgets in real-time, and, now that reconciliation is automated, they can keep their focus on growing the company. Learn more about how Ramp can strengthen your finances.