Customers will now receive rule suggestions in the Accounting tab. These rules suggestions are generated based on past actions and will help automate your workflow.
- Increased Automation and Efficiency: This feature suggests rules based on current acceptable criteria and patterns in how expenses are typically coded. It takes into consideration the repetitive tasks performed by accountants and cardholders, making suggestions for automating these recurring tasks. This significantly reduces manual efforts and improves efficiency, freeing up time for accountants to focus on more complex or valuable tasks.
- Enhanced Accuracy and Consistency: By suggesting rules based on previous coding patterns and accepted practices, the system helps to maintain consistency in categorizing and recording expenses. The feature highlights the data behind rule creation, giving accountants the confidence that these automated rules are based on well-established standards. This reduces the risk of inconsistencies and errors that may arise from manual categorization.
- Improved Transparency and Oversight: The suggested rules feature provides accountants with greater visibility into the coding and categorization process. It allows them to better understand which tasks are consuming their time and provides data-driven insights into how expenses are being coded by their team. This increased transparency aids in improved decision-making and better oversight of the financial process.
How does this work?
These rules will work just like other rules on Ramp's platform. There is nothing functionally different about them. The only difference is that we are suggesting these rules to the customer based on their behavior when coding transactions.
Customers will receive rule suggestions on the Accounting tab. They will be able to create the rules instantaneously or review the rule we are suggesting.
When a customer clicks "Review rule," the drawer below will open. This drawer will display the rule that Ramp will create on their behalf. It will provide detail on the rule that Ramp is suggesting.
Q: How does Ramp figure out how to suggest rules?
A: Ramp views how you've synced transactions in the past and will suggest a rule when we have sufficient confidence that it may be beneficial. In other words, suggested rules can be leveraged to optimize the repetitive tasks you need to complete.
Q: Why am I not receiving any suggested rules?
A: Ramp will suggest rules once our model has a sufficient amount of data to ensure we can provide suggestions that are beneficial to optimizing your workflow.
Q: How can I turn these suggested rules off?
A: We aren't able to turn rule suggestions off, however, you do have the ability to ignore our suggestions on a case by case basis!
Q: How do I remove a suggested rule that I accidentally accepted?
A: Just like other rules! Simply go to "Settings" on the Accounting tab. Then go to "Accounting Automation." Once on this page you will be able to edit any Accounting rules, including the ones that were initially suggested rules.