Ramp

The product is a spend management platform that combines corporate cards, expense management, accounts payable, travel, procurement and accounting automation to control spend, automate receipt capture and invoice processing, and close books faster. It sells to finance and accounting teams, operations teams and executives at businesses ranging from small teams to large enterprises. It is delivered as a SaaS platform with a free tier and paid plans, accessed via web and mobile with integrations to accounting systems.

Key features

• Unlimited physical and virtual Visa cards
• Preset controls by vendor and category
• Auto-receipt capture at swipe
• Submit receipts via SMS and Slack
• Automated policy review and flagging
• Reimbursement within 1-2 business days
• OCR invoice extraction with 99% accuracy
• Two-way and three-way PO matching
• Pay via ACH, card, check, wire
• Policy enforcement at travel booking
• Hotel rate monitoring and auto-rebooking
• Per diem by location and duration
• AI-powered procurement intake
• Dynamic parallel approval routing
• Auto-generate purchase orders
• One-time virtual cards post-approval
• Custom reports and AI reporting
• Budgets vs actuals tracking
• Multi-entity visibility restrictions