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Why trust Ramp?
Ramp is a spend management platform used by over 25,000 businesses for easy-to-use cards, spend limits, approval flows, vendor payments, and more. Ramp has merchant data on over 1 million unique acceptors, over 8x more than other credit card charge databases. Merchant charges aren’t always recognizable on card statements, and Ramp’s exhaustive dataset is the most reliable way to better understand where and why charges are appearing on your statements.
Lyft is a ride-hailing company based in San Francisco that provides on-demand transportation services through its mobile app. Established in 2012, Lyft's main goal was to improve the way people commute by making it simple, affordable, and convenient. The company provides a safe and reliable service that allows riders to book a ride at the touch of a button. With its innovative approach to transportation, Lyft has grown to become one of the biggest ride-sharing platforms globally, operating in hundreds of cities worldwide.
Top 5 products and services that Lyft provides for its customers are:
- Rideshare services: Lyft offers on-demand ride-sharing services to move people from one point to another. The company provides affordable and convenient transportation options, including standard vehicles, luxury cars, shared rides, and even electric scooters.
- Business ride solutions: Lyft provides specially-tailored transportation solutions for business travelers, enabling them to safely and efficiently move around in different cities. Corporate customers can manage their ride expenses, control rider access, and receive detailed analytics and reports on their company's transportation usage.
- Bike and scooter-sharing services: Lyft offers shared bike and scooter services in several cities, allowing customers to rent and ride at their convenience.
- Driver services: Lyft provides an opportunity for drivers to earn extra income by working with the company. Drivers can access the Lyft platform to accept rides on their terms, manage their schedules, and earn money doing what they love.
- Delivery services: Lyft provides delivery services that enable customers to send packages to different locations. It's a fast, reliable, and affordable shipping solution that ensures your package gets to its destination on time.
“Accurate classification of expenses is vital for businesses as it forms the backbone of financial reporting, tax compliance, and strategic decision-making. It enables businesses to track and analyze their spending patterns, identify cost-saving opportunities, and assess the profitability of various operations or projects.”
Audrey Carroll
Senior Manager, Accounting, Ramp
Tired of manually categorizing confusing charges? See how Ramp can automate this for you in the demo below
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