ExpenseWire vs. Ramp

Our organization was able to get a deep discount on the product, so it's suited for small businesses that are very cost conscious that just need basic tools. It's best to evaluate your accounting platform and how the information can flow from ExpenseWire to the financial application, since what we use currently doesn't allow automatic sync, which might be problematic in many cases.

Incentivized

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

• Ability to directly reimburse employees' bank accounts on the application itself; no need to do a separate wire/ACH payment via the company bank
• Keeps track of all receipt submissions and you can view them on the application
• Approval flow meets our needs

Incentivized

• 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

• Increase ability to integrate with different accounting platforms automatically (we use Xero)
• Enhance the ability to generate more types of reports with different field combinations
• User interface is not as user friendly compared to other solutions

Incentivized

• More flexible spend rule requirements that align with the $75 IRS compliance rule for food/travel purchases. Our organization has a $25 compliance threshold for food and travel. It would be helpful if Ramp provided the ability to customize this type of spending requirement for particular categories with respect to receipt requirements.
• A little more support in implementing a two-entity environment.
• Increased heads-up on : auto approval of credit card returns.

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

• Less time spent inputting/tracking expenses
• Positive employee feedback (greater satisfaction as compared to Excel)

Incentivized

• It has given us the ability to make informed decisions for controlling costs.
• Increased oversight (mandatory rules) impacts people to be more mindful when spending funds.
• Setting static limits on cards and being able to monitor with a click of a button.

Incentivized