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Ramp

Ramp is the first finance automation platform designed to save businesses time and money.
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Intro

Ramp isn't just another expense tool—it's redefining financial management with an all-in-one spend management approach. As a finance automation platform providing businesses with tools for managing corporate cards, expenses, bill payments, and accounting automation, Ramp tackles the complex financial needs of modern businesses.

By late 2023, Ramp reported an impressive $12 billion annual run rate, reflecting the value of transactions processed on its platform—a five-fold increase from $2.5 billion in 2022. This review provides financial decision-makers with insights to evaluate Ramp thoroughly, exploring features, benefits, pricing, and competitive comparisons.

Company Overview

  • Location: New York, NY, USA
  • LinkedIn Page: https://www.linkedin.com/company/ramp-com/
  • Website: https://ramp.com
  • Founded: 2019
  • Team Size: 500–1000 employees (as of 2024 on LinkedIn)

Ramp has burst onto the financial management scene as a true disruptor, combining corporate cards, expense tracking, bill payments, and financial insights into a unified solution that streamlines operations for businesses of all sizes.

Pricing Analysis

Ramp’s pricing model stands out by offering a full-featured financial platform at no direct cost to users. Instead of charging SaaS fees, Ramp earns through interchange fees from card use.

  • No monthly user fees — $0 per user per month
  • Full access to features — Includes expense automation, bill pay, corporate cards, and analytics
  • Flat 1.5% cash back — Simple, no-frills rewards structure
  • Transparent and scalable — No tiers, hidden fees, or per-seat charges
  • Revenue aligns with customer savings — Encourages smarter, not higher, spending

Benefits

Ramp delivers measurable improvements in time, cost, and efficiency—backed by automation and user-friendly design.

  • Time savings — Businesses close books up to 8x faster thanks to AI-powered automation
  • Cost reduction — Companies report 5% savings through real-time tracking and vendor insights
  • Efficiency gains — "Self-Submitting Expenses" removes the need for manual expense reports
  • Proactive management — Real-time dashboards and alerts keep spending in check
  • Better employee experience — Easy-to-use platform and mobile app boost adoption and productivity

Key Features

Ramp combines smart automation with real-time controls to simplify and strengthen financial operations across expenses, cards, and integrations.

  • Expense management — AI-powered automation and mobile-first tools save time and reduce errors
  • Spend control — Real-time tracking, alerts, and customizable limits keep spending in check
  • Corporate card solutions — Physical and virtual cards with 1.5% cash back and detailed usage controls
  • Automation and integration — Seamless sync with accounting platforms and automated bill payments for smoother workflows

Integration Ecosystem

  • Accounting integrations — Syncs with QuickBooks, NetSuite, Xero, and Sage for faster reconciliation
  • HR integrations — Connects to 30+ HRIS platforms for automated card provisioning
  • Cloud infrastructure — Built on Google Cloud for reliable, secure performance
  • Smart automation — AI-driven workflows cut manual work and boost accuracy
  • Stronger compliance — Real-time sync and audit trails support policy enforcement

Security and Compliance

Ramp strengthens financial security with automation, smart integrations, and enterprise-grade infrastructure.

  • Automated audit trails — Tracks every approval and edit for accurate, compliant records
  • HR integration — Enforces role-based access and auto-deactivates cards when employees leave
  • Centralized data — Syncs spend and vendor data in real time to reduce silos and shadow IT
  • Enterprise infrastructure — Runs on Google Cloud for strong encryption and scalable security
  • Audit-ready — Prepares clean, complete records that simplify audits and reduce risk

Customer Support and Resources

Ramp's support gets mixed feedback, with some users enjoying its simplicity and others highlighting areas for improvement.

  • Easy to use: Most users find Ramp intuitive and easy to adopt.
  • Quick setup: Implementation can often be completed by a single person with minimal training.
  • Frequent updates: Users appreciate Ramp’s commitment to continuous improvements.
  • Bot-heavy support: Some users find the automated support system frustrating.
  • Weak onboarding: Some users feel the onboarding process lacks hands-on guidance.

Pros

  • User-friendly interface: Easy onboarding and quick adoption across teams
  • Mobile-first design: Real-time expense management from anywhere
  • Smart automation: AI-driven tracking, receipt matching, and accounting integrations
  • Robust spend control: Custom limits, real-time visibility, and approval workflows
  • High value: Low fees and straightforward cash-back rewards

Cons

  • Limited support options: Onboarding can be weak, with slow or automated customer support
  • Role management gaps: Cannot assign multiple roles to a single user, causing workflow issues
  • Fraud concerns: Some users report poor handling of fraudulent charges and security incidents

Company Summary

Ramp is a financial technology company that helps businesses manage their spending. They offer tools like corporate credit cards, expense tracking, and bill payments to make handling company finances easier and more efficient.

Price Estimate

Ramp offers different pricing plans:

  • Ramp: Free for all users, including features like unlimited cards, travel booking, and automated expense management.

  • Ramp Plus: $15 per user per month, adding advanced controls, customizable workflows, and international capabilities.

  • Ramp Enterprise: Custom pricing for enhanced security, compliance, and dedicated support.

For more details, visit their pricing page: (ramp.com)

Who is Ramp for?

Ramp is designed for businesses of various sizes, from small startups to large enterprises. It’s especially useful for:

  • Company Size: Typically serves companies ranging from 50 to over 5,000 employees.

  • Job Titles: Common users include Finance Managers, Controllers, CFOs, Accountants, and Procurement Officers.

  • Industries: Serves industries such as technology, retail, financial services, construction, and non-profits.

Features, Functionalities, and Benefits

  • Corporate Cards: Issue unlimited virtual and physical cards with customizable spending limits and controls.

  • Expense Management: Automate expense reporting with features like receipt matching and real-time tracking.

  • Bill Payments: Streamline accounts payable with automated bill processing and payments.

  • Accounting Integrations: Sync seamlessly with accounting software for faster book closing.

  • Travel Booking: Manage corporate travel with built-in policies and booking tools.

Use Cases

Companies use Ramp for various purposes:

  • Expense Automation: Automating expense reporting to save time and reduce errors.

  • Spend Control: Setting spending limits and policies to manage company expenses effectively.

  • Bill Payments: Simplifying the process of paying vendors and managing accounts payable.

  • Travel Management: Booking and managing corporate travel within company policies.

Who Are Their Best Customers?

Notable customers include:

  • Barry’s: Achieved significant time savings by automating expense reports, saving nearly 400 hours monthly.

  • Glossier: Improved financial processes by automating transaction coding, reducing manual reviews.

What Makes Ramp Different?

Ramp stands out by offering a comprehensive finance automation platform that combines corporate cards, expense management, bill payments, and accounting integrations in one place. This integration helps businesses save time and money by automating financial processes and providing real-time insights.

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