What is Ramp?
Ramp is a corporate card and expense management platform designed to help companies control spend, automate finance tasks, and gain real-time visibility into expenses. It's a leader in the spend/expense management and accounting automation space, with a clean UI/UX, tons of reporting features, and fast search functionality. Ramp is built for scaling businesses who want better financial control without the friction of traditional banks.
They have a great UI/UX, tons of reporting/insights features, and a super clean and fast search functionality to find exactly what you're looking for:
Pros and Cons
Pros
- Easy and fast onboarding
- Clean and intuitive dashboard
- Real-time transaction tracking
- Strong accounting integrations (QuickBooks, Xero, NetSuite, Kick)
- Great receipt capture flexibility (SMS, email, mobile)
- Generous cashback rewards (~1.5%)
- iOS and Android Apps
- Free
Cons
- No "parent budget" feature
- $25K minimum balance required to open an account
- Minor delays for offline vendor transactions
Key Features
Clean UI/UX
Easy navigation with CMD+K search and an AI chatbot for help.
Spend Controls
Easy to configure budgets via spend programs and card restrictions.
Receipt Matching
Automatic retries and Gmail integration for company-wide receipt fetching.
Pricing
No annual fees, no user fees, and no hidden fees. Revenue comes from interchange fees and an optional paid tier for larger teams. BUT Important: You need around $25K in your business bank account at signup to get approved. Your credit limit will be based on your cash balance.