Overview
Ramp Flex* is a financing solution embedded in Bill Pay that allows you to extend payment terms with vendors right when you pay your bills. With Flex, you can finance your bill payments to vendors (including those who don't accept cards or offer terms), gain more control over cash flows, and consolidate all of your spend on one platform.
Ramp Flex is a seamless experience from bill creation to financing to repayment. Read this guide to get started and Flex your first bill, or watch the video below.
Jump to:
- Set up Ramp Flex
- Set up Bill Pay
- Upload an invoice
- Finance with Ramp Flex
- Repay Ramp for your Flexed Bill
Setting up Ramp Flex
Get ready to use Flex in minutes - follow our guide here to onboard to Ramp Flex limit and get your Flex limit.
- Estimate your Flex financing spend per month
- Select the tenor you expect to use the most
- Provide the state of your primary office location
- Get your Ramp Flex Limit
- Change your default fallback setting (optional)
Setting up Ramp Bill Pay
Any bill you want to finance with Ramp Flex will be paid via Ramp Bill Pay. Set up Ramp Bill Pay using this guide. If you’ve already set up Ramp Bill Pay, you can skip this step and move to the next step.
Upload an invoice
To Flex a bill, start by creating a bill draft. Upload a PDF of your bill into Bill Pay. You can do this by emailing or uploading the invoice. From there, you must save the uploaded invoice as a bill draft or create the Bill to access the Finance with Flex toggle. If you want to create the bill but not schedule it for payment, you can
- Email your invoice: most bills arrive in your inbox, so we created a specific AP email address to which you can send any PDF invoices. Make sure to send one PDF per email so our OCR can parse it accurately. The email is by default <your-company-name-with-no-spaces>@ap.ramp.com. For example, a company named Fast Stuff Inc. would have an AP email of faststuffinc@ap.ramp.com. To customize your AP email, contact our Support team. You can learn about setting up email forwards here: Bill Pay Setup.
- Upload your invoice: you can drop any invoice file into the Bills Drafts page or click on the upload icon (to the right of the Upload prompt) to select the invoice from your file browser.
Finance with Ramp Flex
To apply Flex to a bill, go to the bill you wish to pay with Ramp Flex and follow these steps.
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Scroll down past the line items and select your payment method
- Currently, Ramp Flex is available for three payment methods: ACH (Direct Deposit), Check by Mail, and International Wire.
- After selecting your preferred payment method, toggle the 'Finance with Ramp Flex' option to apply Flex to this bill.
- Select the tenor you want (30, 60, or 90 days)
- Click 'Review' for one final confirmation that the details are correct before pressing 'Create Bill'. If you have set up custom controls for this vendor in Bill Pay, those controls will automatically apply to this bill, in which case the green button will say ‘Send for approval’ instead of ‘Create Bill’.
Repay your Flex
You do not need to take any further action to repay Ramp your Flexed bill. Ramp will automatically debit the principal amount (i.e.: the total bill amount) from the bank account you selected for repayment when financing the bill. Finance charges will be collected in advance following the initial disbursement of the principal to the vendor. Funds will be withdrawn from the bank account you selected while creating your bill.
If your plans change, once payment has been made to your vendor, you can also elect to repay your Flexed bill early, and we will prorate the fee. Learn more about Repayments here: Ramp Flex Tenors, Fees, and Repayments
*Ramp Flex is subject to credit approval and restrictions and will not be available in all states. Loans issued by Ramp Financing Corporation and/or Lead Bank. Visit ramp.com/flex for more info.