Rydoo vs Ramp

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Our analysts compared Rydoo vs Ramp based on data from our 400+ point analysis of Expense Management Software, user reviews and our own crowdsourced data from our free software selection platform.

Rydoo Software Tool
Ramp Software Tool

Product Basics

Rydoo is an innovative software solution designed to streamline expense management processes for businesses. It is particularly well-suited for industries that require frequent travel and expense tracking, such as consulting, sales, and finance. The platform offers unique benefits, including real-time expense reporting, seamless integration with existing financial systems, and a user-friendly mobile app for on-the-go management. Users appreciate its powerful features like automated receipt scanning, policy compliance checks, and multi-currency support, which enhance efficiency and accuracy. Compared to similar products, Rydoo is praised for its intuitive interface and robust functionality, making it a preferred choice for companies seeking to simplify their expense workflows. While specific pricing details are not readily available, potential users are encouraged to contact SelectHub for a tailored pricing quote that aligns with their specific requirements. Overall, Rydoo stands out for its comprehensive approach to managing expenses with ease and precision.
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Ramp offers a comprehensive software solution for managing expense-related tasks, making it particularly beneficial for businesses seeking streamlined financial operations. It is ideally suited for industries that require meticulous expense tracking and management, such as technology, finance, and consulting. The platform's standout features include automated receipt matching, real-time expense reporting, and seamless integration with accounting systems, which enhance efficiency and accuracy. Users appreciate its intuitive interface and robust analytics capabilities, which provide valuable insights into spending patterns. Compared to similar products, Ramp is often praised for its user-friendly design and the ability to significantly reduce manual workload. While specific pricing details are not readily available, potential users are encouraged to contact SelectHub for a tailored pricing quote that aligns with their specific requirements. This ensures that businesses can make informed decisions based on their unique financial management needs.
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$8/User, Monthly
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$15/User, Monthly, Freemium
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Product Insights

  • Time Efficiency: Rydoo streamlines the expense reporting process, allowing employees to submit expenses in real-time, reducing the time spent on manual entry and paperwork.
  • Cost Control: By providing detailed analytics and insights, Rydoo helps businesses identify spending patterns and areas where cost savings can be achieved.
  • Policy Compliance: The software automatically checks expenses against company policies, ensuring compliance and reducing the risk of fraudulent claims.
  • Seamless Integration: Rydoo integrates with popular accounting and ERP systems, facilitating smooth data transfer and reducing the need for duplicate data entry.
  • Improved Accuracy: Automated data capture from receipts minimizes human error, ensuring that expense reports are accurate and reliable.
  • Enhanced User Experience: With a user-friendly interface, Rydoo makes it easy for employees to navigate the system, increasing adoption rates and satisfaction.
  • Global Reach: Supporting multiple currencies and languages, Rydoo is ideal for multinational companies, simplifying expense management across borders.
  • Real-Time Visibility: Managers gain instant access to expense data, enabling them to make informed decisions quickly and efficiently.
  • Environmental Impact: By digitizing receipts and reports, Rydoo reduces the need for paper, contributing to a more sustainable business practice.
  • Scalability: Rydoo can grow with your business, accommodating an increasing number of users and transactions without compromising performance.
  • Mobile Accessibility: The mobile app allows employees to manage expenses on-the-go, increasing flexibility and productivity.
  • Customizable Workflows: Businesses can tailor approval processes to fit their specific needs, ensuring that the system aligns with existing operational structures.
  • Enhanced Security: With robust data protection measures, Rydoo ensures that sensitive financial information is kept secure and confidential.
  • Reduced Processing Costs: By automating expense management, companies can significantly cut down on administrative costs associated with manual processing.
  • Faster Reimbursements: Employees benefit from quicker reimbursement cycles, improving morale and satisfaction.
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  • Time Efficiency: Automate repetitive tasks like receipt collection and expense categorization, freeing up valuable time for more strategic work.
  • Cost Control: Gain real-time visibility into spending patterns, enabling proactive budget management and cost-saving opportunities.
  • Policy Compliance: Ensure adherence to company expense policies through automated checks and alerts, reducing the risk of non-compliance.
  • Data Accuracy: Minimize human error with automated data entry and integration with accounting systems, ensuring precise financial records.
  • Scalability: Easily accommodate business growth with a platform designed to handle increasing transaction volumes without additional complexity.
  • Employee Empowerment: Simplify the expense reporting process for employees, reducing frustration and improving overall satisfaction.
  • Customizable Workflows: Tailor approval processes to fit organizational needs, enhancing operational efficiency and control.
  • Enhanced Security: Protect sensitive financial data with robust security measures, including encryption and access controls.
  • Integration Capabilities: Seamlessly connect with existing financial tools and systems, ensuring a cohesive and streamlined workflow.
  • Insightful Reporting: Access detailed analytics and reports to make informed decisions and drive strategic financial planning.
  • Environmental Impact: Reduce paper usage and carbon footprint by transitioning to a digital expense management system.
  • Vendor Management: Optimize vendor relationships through consolidated spending insights and streamlined payment processes.
  • Cash Flow Optimization: Improve cash flow management with timely expense tracking and forecasting capabilities.
  • Remote Accessibility: Enable remote teams to manage expenses efficiently from anywhere, supporting flexible work arrangements.
  • Audit Readiness: Maintain comprehensive and organized records that simplify the audit process and ensure compliance with regulatory requirements.
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  • Automatic Expense Approvals: Dodge out-of-policy fees with immediate warnings for noncompliances. Create and oversee rejection reasons to enforce company policies. Review and authorize the expenses that matter to save time and increase productivity in other areas. 
  • Insights: Review business overspending and determine if expenditures align with company policies or not. Detect bottlenecks and answer the tough questions to optimize production. Users may also collaborate with the best vendors and bargain rates. 
  • Receipt Scanner: Save receipts to mobile devices and pull critical information such as dates, suppliers, totals and currencies to convert into searchable and useable data. Thanks to artificial intelligence (AI) and machine learning technology, the optical character recognition (OCR) tool can read 95% of receipts with precision. 
  • Per Diem Management: Initiate per diem rates or review the region's default ones. Conduct prompt per diem allowance in accordance with trip details and enable employees to submit their trip information easily and obtain compensation.  
  • Mileage: Import business mileage rates and watch them appear as employees drive. Leverage the map service and cipher complete driving distances and accrues fees swiftly. 
  • Line By Line: Superintend high-priority fees as they roll in instead of waiting until the end of the month. 
  • Real-Time Expense Tracking: Capture and track expenses instantly with a mobile app that allows users to snap photos of receipts and upload them on the go.
  • Automated Receipt Scanning: Utilize OCR technology to automatically extract data from receipts, reducing manual entry and minimizing errors.
  • Multi-Currency Support: Handle expenses in various currencies with automatic conversion based on real-time exchange rates, ideal for international business travel.
  • Policy Compliance Checks: Ensure expenses adhere to company policies with built-in compliance rules that flag non-compliant submissions for review.
  • Seamless Integration: Connect with popular accounting and ERP systems like SAP, Oracle, and QuickBooks to streamline financial workflows.
  • Customizable Approval Workflows: Design tailored approval processes to fit organizational structures, ensuring efficient and transparent expense management.
  • Advanced Reporting and Analytics: Generate detailed reports and gain insights into spending patterns with customizable dashboards and analytics tools.
  • Per Diem Management: Simplify per diem calculations and reimbursements with automated tools that account for travel dates and locations.
  • Credit Card Reconciliation: Match credit card transactions with submitted expenses to ensure accuracy and prevent discrepancies.
  • Mobile Accessibility: Access the platform from anywhere with a user-friendly mobile app available on both iOS and Android devices.
  • Multi-Language Support: Cater to global teams with support for multiple languages, enhancing usability for diverse workforces.
  • Custom Expense Categories: Create and manage specific expense categories to align with organizational needs and reporting requirements.
  • Data Security and Compliance: Protect sensitive information with robust security measures and compliance with GDPR and other data protection regulations.
  • Offline Mode: Capture expenses without an internet connection, with automatic syncing once connectivity is restored.
  • Corporate Card Integration: Link corporate cards to the platform for automatic expense import and streamlined reconciliation processes.
  • Project and Client Tracking: Allocate expenses to specific projects or clients for precise billing and budget management.
  • Customizable User Roles: Define user roles and permissions to control access and maintain data integrity across the organization.
  • Tax Management: Automatically calculate and apply tax rates to expenses, simplifying tax reporting and compliance.
  • Audit Trail: Maintain a comprehensive audit trail of all expense activities for transparency and accountability.
  • Flexible Deployment Options: Choose between cloud-based or on-premise deployment to suit organizational IT strategies and preferences.
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  • Automated Expense Reporting: Automatically generates expense reports by syncing transactions directly from corporate cards, reducing manual entry.
  • Real-Time Spend Insights: Provides immediate visibility into spending patterns with detailed analytics and dashboards, allowing for informed decision-making.
  • Receipt Matching: Uses AI to match receipts with transactions, ensuring accuracy and compliance without manual intervention.
  • Custom Approval Workflows: Allows businesses to set up tailored approval processes that align with their internal policies and hierarchies.
  • Vendor Management: Centralizes vendor information and tracks spending by supplier, helping to manage relationships and negotiate better terms.
  • Integrations with Accounting Software: Seamlessly connects with popular accounting platforms like QuickBooks and Xero, streamlining financial operations.
  • Corporate Card Issuance: Issues physical and virtual cards with customizable spending limits and controls, enhancing financial oversight.
  • Policy Enforcement: Automatically enforces company spending policies at the point of purchase, reducing non-compliant expenses.
  • Multi-Level Security: Employs robust security measures, including encryption and two-factor authentication, to protect sensitive financial data.
  • Customizable Reporting: Offers flexible reporting tools that allow users to generate reports tailored to specific business needs and metrics.
  • Mobile App Accessibility: Provides a mobile application for on-the-go expense management, enabling users to capture receipts and approve expenses from anywhere.
  • Budget Tracking: Monitors budgets in real-time, alerting users to potential overspending and helping maintain financial discipline.
  • Automated Reconciliation: Simplifies the reconciliation process by automatically matching transactions with bank statements, reducing errors.
  • Spend Categorization: Automatically categorizes expenses based on predefined criteria, aiding in accurate financial reporting and analysis.
  • Employee Reimbursement: Facilitates quick and efficient reimbursement processes for out-of-pocket expenses, improving employee satisfaction.
  • Audit Trail: Maintains a comprehensive audit trail of all transactions and changes, supporting compliance and transparency.
  • Custom Spend Controls: Allows businesses to set specific spending limits and restrictions for different teams or projects, enhancing budget management.
  • Data Export Options: Provides various data export formats, making it easy to share financial information with stakeholders or integrate with other systems.
  • Fraud Detection: Incorporates advanced algorithms to detect and flag suspicious transactions, safeguarding company funds.
  • Training and Support: Offers extensive resources and customer support to ensure users can effectively utilize the platform's features.
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Product Ranking

#9

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Expense Management Software

#10

among all
Expense Management Software

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Synopsis of User Ratings and Reviews

Automated Expense Tracking: Rydoo offers automatic receipt scanning and expense categorization, which saves time and reduces manual entry.
Streamlined Reimbursement: The software streamlines the process of submitting, approving, and tracking expense reports, making reimbursements faster and more efficient.
Mobile Accessibility: Rydoo has a user-friendly mobile app that allows users to manage expenses on-the-go, making it convenient for business travelers.
Integration with Other Tools: Rydoo integrates with various accounting and payroll software, simplifying financial management by consolidating expense data with other financial information.
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Easy to Use: Both employees and finance teams find the platform's design intuitive and easy to use.
Automated Expense Tracking: Features like receipt matching and automatic transaction categorization remove the need for manual data entry, saving time and reducing errors.
Real-Time Visibility: Ramp provides a real-time overview of company spending, allowing for better budget tracking and financial decision-making.
Seamless Accounting Integration: Integration with popular accounting software like QuickBooks ensures data consistency and simplifies financial reconciliation.
Virtual and Physical Cards: Ramp offers both virtual and physical cards, providing flexibility and control over employee spending.
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Limited Customization: Users desire more flexibility in configuring expense rules and approval flows to align with their specific business needs.
Integration Issues: Some users have reported occasional problems with integrations, which can disrupt workflows and create inefficiencies.
Inconvenient Role Switching: The need to constantly switch between roles for different tasks has been criticized for hindering productivity and workflow.
Receipt Scanning Issues: Occasional issues with receipt scanning, such as misreading dates, amounts, or vendors, have been reported, leading to inaccuracies and manual corrections.
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Role-Based Permissions: Users seeking more robust role-based permissions, especially for individuals handling multiple responsibilities, might find the current system inadequate.
Missing Items Page: Some users have expressed that the user experience of the page dedicated to managing missing receipts or information could benefit from improvements.
Reporting Customization: While Ramp offers reporting features, a desire for greater flexibility and customization options within those reports has been noted by some users.
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Is Rydoo the elite expense management software some users say it is? Rydoo is generally well-regarded for its user-friendly interface, automation features, and mobile accessibility, making it a favorite among businesses with frequent travel and expense demands. Users rave about the OCR scanning for receipts, which accurately extracts data and saves time on manual entry, as one user, a Finance Controller in the Automotive industry, noted: "Simple to use, quick, automatic scanning and dropbox support makes it a breeze (just add PDF to dropbox folder and it automatically extracts all the information!)." The mileage tracking feature is also praised for its simplicity and accuracy. Additionally, Rydoo's integrations with other platforms, such as Dropbox, streamline workflows and reduce manual data entry. However, some users have reported limitations in customization options, which could be a drawback for businesses with unique expense policies or approval processes. Another criticism is the occasional difficulty encountered when switching between roles within the software, potentially slowing down workflows for users with multiple responsibilities. Despite these minor drawbacks, Rydoo stands out for its ability to simplify expense management, particularly for businesses with frequent travel and expense needs. Its intuitive design, automation capabilities, and mobile accessibility make it a valuable tool for employees and finance teams alike. Rydoo is best suited for businesses of all sizes that require a user-friendly and efficient expense management solution. Its robust features, such as OCR scanning, mileage tracking, and integrations, simplify expense reporting and approval processes. While customization limitations and occasional role-switching issues exist, Rydoo's strengths in automation and user experience make it a compelling choice for businesses aiming to streamline their expense management.

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Is Ramp on-ramp to the highway of success when it comes to expense management, or does it fall flat? User reviews from the past year paint a largely positive picture of Ramp, highlighting its user-friendly design and powerful automation features as key strengths. Users rave about the platform's intuitive interface, which simplifies expense tracking and reporting for both employees and accountants. The automation capabilities, particularly receipt matching and spend policy enforcement, are praised for saving time and reducing errors, a sentiment echoed by a user who stated, "This software makes no room for your team not to provide receipts for expense reporting." Seamless integrations with popular accounting software like Xero and QuickBooks Online further streamline financial processes, making reconciliation a breeze. However, some users point out areas where Ramp could improve. Limited delegation features, particularly the inability to allow administrative assistants to submit receipts on behalf of employees without granting full account access, are a common gripe. Additionally, users who wear multiple hats within their organizations find it cumbersome to navigate between different permission levels. Some users also desire more robust reporting functionalities, such as enhanced sorting and filtering options. One user, while generally satisfied, noted, "The statement would be better for us if it was broken down by card. Instead all transactions are in one group by transaction date." Despite these minor drawbacks, Ramp's strengths in user-friendliness, automation, and integrations make it a compelling choice for businesses looking to streamline their expense management processes. Its intuitive design and robust feature set make it particularly well-suited for startups, small and midsize businesses, and companies with remote workforces. These types of businesses often grapple with limited resources and time constraints, and Ramp's automation and ease of use can significantly alleviate the burden of expense management, allowing them to focus on core operations and growth.

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