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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.
Verizon is a telecommunications company that provides services and products to both consumers and businesses. It was founded in 2000 and is headquartered in New York City. Verizon offers wireless communication services, internet connection, television, and phone services. They are known for their fast and reliable 5G network which is available in many cities across the United States. Verizon has over 120 million wireless connections and serves customers in over 180 countries.
- Wireless Network Services: Verizon Wireless offers cellular networks to both consumer and business clients with nationwide coverage. This service includes unlimited data plans, family plans, and prepaid plans.
- Mobile Phones and Devices: Verizon offers a wide range of mobile devices such as smartphones, tablets, smartwatches, and accessories from popular brands such as Google, Apple, Samsung, and LG.
- Internet Services: Verizon's Fios Internet services provide fast and reliable internet connections to customers with unlimited home internet data. These services range from basic internet to customized solutions for business users.
- Television Services: Verizon's Fios TV offers television packages with hundreds of channels, including local channels, sports, and premium channels like HBO, Showtime, and Starz.
- Business Services: Verizon Business offers various solutions for small, medium, and large businesses, ranging from basic office essentials like internet and phone to advanced network solutions like Internet of Things (IoT) and cybersecurity services.
“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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