Ramp Reviews & Pricing
What is Ramp?
Industry Specialties: Serves all industries.
Ramp Pricing
Based on our most recent analysis, Ramp pricing starts at $15 (Per User, Monthly, Freemium).
- Price
- $$$$$
- Starting From
- $15
- Pricing Model
- Per User, Monthly, Freemium
- Free Trial
- Yes, Request for Free
Training Resources
Ramp is supported with the following types of training:
- Documentation
- In Person
- Live Online
- Videos
- Webinars
Support
The following support services are available for Ramp:
- Phone
- Chat
- FAQ
- Forum
- Help Desk
- Knowledge Base
- Tickets
- Training
- 24/7 Live Support
Ramp Benefits and Insights
Key differentiators & advantages of Ramp
- 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.
Industry Expertise
Synopsis of User Ratings and Reviews
Based on an aggregate of Ramp reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.
Pros
Cons
Researcher's Summary:
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.
Key Features
- 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.
