International overview

Overview

Ramp offers many features to help you manage your financial operations outside of the US. This article covers some of the ways we help you control your spending across several currencies.

Local card denomination (Enterprise)

Admin views

Balance view

Admins will now see spend balances broken down by issuing currency for the business on the Company > Statements & payments tab. The combined business-level balance is shown in USD.

Statements and payments tab showing spend balances by issuing currency

Transaction view

Each transaction hasstatement amountandamount paid.

Transaction view showing statement amount and amount paid in different currencies

Statement amount will always show in the currency of the GL account for the entity.
- Example: for CAD-denominated cards, it would show as CAD as that is the denomination of the entity.
Amount paid will show based on the spending limit of the card
- Admins should create Spend Limits in the currency of the entity for these users using multi-currency limits and programs
The globe icon will appear when the transaction is in a different currency

Entity balance and statements

The balance and statement for each entity will be shown in the entity's issuing currency. The business-wide aggregation is estimated in USD.

Entity balance and statement displayed in the entity issuing currency

Accounting and accounting providers

Transactions sync to your accounting provider with:

The GL currency for the entity, as configured in the accounting provider
The currency in which the original transaction took place

For example, a CAD-denominated card swiped in France for 10 EUR will sync to the accounting provider as 14.63 CAD (or whatever the appropriate conversion amount is at the time of transaction settlement) along with the original 10 EUR transaction amount.

Local card denomination

Available on Ramp Enterprise. See Ramp Enterprise overview for plan details.

Early Access. This feature is in Early Access.

Ramp offers card issuing and statement payments in Canadian dollars (CAD), British Pounds (GBP), Euros (EUR), Australian Dollars (AUD), Japanese Yen (JPY), and Singaporean Dollars (SGD). To enable international card issuing, contact your Account Manager.

Spend Programs

Spend Programs can be set up with controls that allow only certain entities to access the program. Since Spend Programs are currently only set up with one currency, this could help you manage expenses in different currencies across your entities/users.

For example, you can create:

Wellness Benefit - CAD Spend Program with 600 CAD to issue to your employees in your CAD entities
Wellness Benefit - USD Spend Program with 500 USD to issue to your employees in your USD entities

Submission policies

Ramp does not currently support different currencies for submission policies. All policies are in USD. For example, if you have a submission policy that requires a receipt for transactions over $75 USD, this policy will be checked against $75 USD for all transactions. Ramp will perform conversions in the backend to determine if a non-USD transaction is within a submission policy.