Overview
Locally-funded reimbursements enable businesses to pay out their employees from their local bank account - helping you avoid FX fees and streamlining your financial operations.
How can your business benefit?
Eliminate inter-company transfers
By processing reimbursements directly from your local bank accounts to your employees, you can avoid the complexities and challenges associated with inter-company transfers and operate directly out of your local bank.
Avoid currency conversion for local reimbursements (FX fees)
Funding reimbursement payments from a local bank account can help you avoid FX fees for same currency reimbursements.
International Bank Linking
Connecting your account using our partners bank connections software makes reimbursements simple! Once you’ve connected your bank account - we’ll take care of each reimbursement easily and quickly.
How does it work?
Locally-funded reimbursements are now available for all Enterprise and Plus customers who use Sage, Netsuite, or UCSV.
If you’re interested in opting into locally-funded reimbursements for your business, please contact your Account Manager or email sales@ramp.com.