MileIQ vs. Ramp

If vehicle is personal, does provide a very simple swipe function to categorize a work or personal trip. MileIQ is constantly providing updates to their product, their portal and reporting pages have improved dramatically over the last 3 years. We do have a couple of toll highways, need to manually enter costs, but not sure how to automate that function.

Ramp is great if you want to automate your expenses process. Ramp immediately responds when I (or someone on my behalf) make(s) purchase and I can easily pass receipts and notes live. No more searching for "stuff"!! I spend more time on my job and not worrying about chasing things down or forgetting what was purchased. I charge, I send notes, and I'm done. It's so easy!!! It's incredibly helpful to be able to instantly spin up a virtual card for employees on the go or who have planned expenses. It gets you away from a delayed reimbursement to remote employees and having expenses coded by the employees shortly after they make their purchases.

Incentivized

• track mileage very accurately
• easily categorize business versus personal trips
• reports are quite simple to generate and forward to DEXT
• settings are easy to set-up for proper government approved mileage rates

• You can forward your receipts to receipts@ramp.com and it will auto-approve.
• You can easily reverse charges if an employee accidentally places a charge on their work card.
• You can send employees physical Ramp cards.
• You can create as many virtual cards as needed.

Incentivized

• For our limited purposes - there is nothing missing - it does it's function of tracking, calculating mileage costs and reporting very well. Do not need anything else.

• The system does not allow you to sort on all columns in some of the areas (not consistent from one screen to another).
• When bills are entered in as a Bill Pay, the expense doesn't show up in a csv file until it is paid but it needs to be expensed in the system as the date of the Invoice.
• If a vendor is paid through a credit card transaction as well as Bill Pay, you have to look at two different places in the system to see the details.

Incentivized

We moved to Ramp from Expensify at our accountant's advice. We went with her advice due to ease of use, ease of Quickbooks sync, ability to send reminders with one click, and more. We are very happy with the decision to switch to Ramp.

Incentivized

• Very automated, less than 10 minutes a week to categorize drives, another 10 minutes at the end of the month to create a report. Easy and efficient use of employee time.
• Easily integrates with our Expense Management System and Accounting packages
• No manual intervention at all required by employees - no tracking required on their part.

• The actual dollar savings is difficult to determine at this point. We'll have a better idea the ROI at the end of the year. Previously, we received 1% back on all purchases with our corporate card. We receive 1.5% with Ramp, pay per number of cards annually (for Ramp Plus) to auto-lock cards and for additional features.
• Time savings for admin and employees has been significant due to ease of use.

Incentivized