Likelihood to Recommend Ramp Business Corporation
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.
Read full review It is well suited and, I guess, is a primary role for remote or distributed teams - especially when you know a person not well to trust him in managing local costs was agreed to pay. If you work with contractors with irregular payments, it will suit you as well cause of immediate card transfer, but it may be limited by your local KYC policy. It is not typical to pay payroll costs with it because it is focused mostly on operations with virtual card balances, so it is less appropriate for it. So it works best for remote teams.
Read full review Pros Ramp Business Corporation
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. Read full review Visa Spend Clarity provides clear and concise spending reports that make it easy to track and monitor spending. The reports can be customized to show specific spending categories, merchant types, and time periods. Visa Spend Clarity also offers a variety of tools and resources to help cardholders manage their spending and avoid overspending. Helping users track their spending in real-time Providing budgeting tools to help users stay on track Read full review Cons Ramp Business Corporation
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. Read full review More users More brand awareness More partners needed Read full review Alternatives Considered Ramp Business Corporation
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.
Read full review It is mostly focused on virtual visa operations. In general, all cash flow controlling suits easily can start from Excel or Google Colab integrations and evolve even to Sungard or WSS. It depends. Visa Spend Clarity is about your flexibility "to have your own bank in a pocket" - open sub-accounts, set limits, and reconcile costs actually made by your contractors or employees. We should see it wider and include Uber, Booking, Airbnb, and Flow interactions to make it a really fast process for your contractor from your "Yes" to contractor "Done". The Visa Spend Clarity is not exactly about your money (costs). It is more about your ability to start acting faster even if all details of cooperation with a person are not agreed upon, but as soon as possible, discuss critical details or add maneuver to your decision-making while limiting financial risk with reasonable limits.
Read full review Return on Investment Ramp Business Corporation
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. Read full review Some possible positive impacts of Visa Spend Clarity include increased transparency of spending habits, more effective budgeting and money management, and improved overall financial health. Additionally, Visa Spend Clarity may also lead to more strategic and informed decision-making when it comes to using credit. On the other hand, some possible negative impacts of Visa Spend Clarity include feelings of anxiety or guilt associated with credit card spending, as well as the potential for overspending if users are not careful. Additionally, Visa Spend Clarity may also lead to financial arguments or conflict if users are not on the same page about their spending habits. Read full review ScreenShots