AI-powered spend management that automates finance and saves money.
What is Ramp?
Ramp is a financial automation platform designed to streamline corporate spending and expense management. It was founded in 2019 by Eric Glyman, Karim Atiyeh, and Gene Lee, building on their prior experience with the financial tool Paribus. The platform leverages artificial intelligence and machine learning models, including proprietary algorithms and integrations with optical character recognition (OCR) technology, to automatically categorize transactions, extract data from receipts, and identify spending patterns. Key capabilities include corporate card issuance, automated expense reporting, bill payments, and detailed real-time analytics on company-wide spending. Its primary target users are finance teams and business leaders at small to medium-sized businesses seeking to control costs and reduce administrative overhead. By integrating directly with accounting software like NetSuite and QuickBooks, Ramp centralizes financial data, automating manual workflows.
Key Findings
- Spend Management: Provides real-time visibility and control over all company expenses and subscriptions.
- Fraud Detection: Automatically identifies and flags suspicious transactions to protect your business from financial loss.
- Corporate Cards: Issue physical and virtual cards with custom limits and seamless accounting software integration.
- Bill Pay: Automatically pays vendor invoices on time, streamlining your entire accounts payable process efficiently.
- Expense Reimbursement: Employees submit receipts instantly via mobile app for faster approval and direct reimbursement.
- Accounting Automation: Syncs all financial data directly with your general ledger, eliminating manual entry errors.
- Vendor Management: Centralizes all supplier information and contracts for better negotiation and streamlined payment cycles.
- Budget Controls: Enforces spending policies with pre-set category limits to prevent overspending across all departments.
- Real-Time Reporting: Delivers instant financial insights and custom reports for data-driven business decisions every day.
- Global Support: Offers dedicated customer service and expert guidance to optimize your financial operations worldwide.
Who is it for?
Business Owner
- Expense tracking and categorization
- Budget setting and enforcement
- Vendor management and payments
- Receipt capture and organization
- Financial reporting and insights
Startup Founder
- Managing team spending limits
- Simplifying fundraising documentation
- Integrating with accounting software
- Controlling SaaS subscriptions
- Streamlining operational purchases
Office Administrator
- Ordering office supplies
- Managing utility and service payments
- Coordinating team event budgets
- Handling travel and accommodation bookings
- Reconciling petty cash expenses
Pricing
Free @ $0/mo
- Unlimited cards
- Card issuing controls
- Complete expenses via SMS or Slack
- Automated invoice extraction (OCR)
- Basic accounting rules
- Custom reports and insights via AI reporting
Plus @ $15/mo
- AI-driven expense reviews
- Auto-lock cards
- 24/7 phone support for travel bookings
- Auto-coded line items
- AI-driven approval recommendations
- NetSuite, Sage Intacct, and more integrations
Enterprise @ Custom/year
- Workday, Oracle Fusion Cloud, and more integrations
- Local currency card issuing in 40+ countries
- Dedicated account and customer success manager
- Priority 24/7 global support
- Custom implementation scoping and roll out plan
- Custom development