How Ramp can save your business time and money

Note: This article primarily applies to Ramp Administrators. Cardholders may find other articles in the Ramp overview section to be more applicable.

Overview

Ramp helps companies save time and money by combining spend controls, automation, and savings insights across cards, expenses, bills, procurement, travel, and accounting. Ramp customers have saved more than $12 billion and 27.5 million hours, and customers save 5% or more on average with Ramp.

Check out the video below for an overview of our product capabilities:

Video walkthrough: See where Ramp customers save time and money across spend, accounting, and procurement. Best when evaluating Ramp or explaining its value internally. Watch the video.

Saving time

  1. Automatic receipt matching: Employees can text or email receipts to Ramp, and Ramp matches them to the correct card transactions when possible.
  2. Suggested coding and rules: Ramp can suggest transaction coding based on your accounting setup and past activity, helping finance teams review and close the books faster.
  3. Policy enforcement: Ramp can decline spend that violates card controls, flag transactions for review, and route exceptions to the right approver.
  4. Invoice scanning: Ramp can extract invoice details such as vendor, amount, line items, and payment terms to reduce manual bill entry.
  5. Accounting sync: Ramp connects with accounting and ERP systems so finance teams can sync reviewed transactions and payments with fewer manual exports.

Saving money

At Ramp, we are constantly finding ways to help businesses save. Here are just some ways you can cut your spend on Ramp:

  1. Savings insights: Ramp surfaces savings opportunities such as redundant software, underused seats, pricing benchmarks, and other ways to reduce spend.
  2. Price Intelligence: Ramp benchmarks quotes against anonymized transactions across its network so you can evaluate whether your business may be overpaying.
  3. Partner rewards: Ramp offers partner rewards with vendors and companies that help run your business. See Ramp partner rewards.
  4. Cashback: Ramp offers cashback on eligible Ramp Card transactions and other rewards. Combined with Ramp's savings features, customers save 5% or more on average with Ramp.

Check out more information here: https://ramp.com/savings