Ramp

Real-Time Expense Tracking

With Ramp's expense tracking feature, users get real-time visibility into every transaction with instant purchase notifications.

• Instant Transaction Alerts: Receive immediate notifications as soon as an expense is incurred, including detailed information such as merchant name, date, amount, and spending category.

• Proactive Oversight: Finance teams can flag unusual or non-compliant transactions on the spot, ensuring policy adherence and mitigating risk.

For example, you can limit how much an employee can spend at a restaurant in a single transaction or per month. If they exceed a limit, the Ramp solution will automatically send you an alert in whatever means you'd like (slack, text, etc.)

Automated Receipt Capture

• AI-Powered Data Extraction: Snap photos of receipts and let Ramp’s intelligent OCR technology automatically capture key details—eliminating manual entry errors.

• Seamless Integration: Automatically match receipts to corresponding transactions, reducing reconciliation time and enhancing accuracy.

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Spend Management Dashboard

The Ramp Spend Management Dashboard delivers unmatched visibility into corporate expenditure. From one centralized dashboard, financial leaders can track and analyze spending across multiple dimensions like expense category, vendor, employee, department, project, and custom tags.

Configurable filters allow finance teams to easily slice and dice transaction data for targeted insights. Users can set budgets by category, vendor, or cost center, and configure custom alerts for immediate notifications when spending thresholds are exceeded.

The Ramp dashboard also enables granular control over expenditures. Businesses can establish and enforce adjustable spending limits at the organization, department, employee, and card levels. Real-time alert triggers automatically enforce compliance with budget, supplier, and spend policies.

With robust reporting and drill-down capabilities, the user-friendly Ramp dashboard becomes a hub for data-driven spend analysis and decision making. Ramp equips finance teams with comprehensive visibility and control over every dollar spent, ensuring optimal ROI on corporate expenditures.

Virtual Cards

Ramp's Virtual Cards enable businesses to securely and easily make purchases online without physical cards. Within the Ramp dashboard, virtual card numbers can be generated instantly for one-time online transactions.

Employees can use Ramp virtual cards to safely make subscriptions, software purchases, online advertising spend, and other digital transactions. Virtual cards come with built-in guards against fraud, including customizable spending limits, expiration dates, and single-use card numbers.

For high risk transactions, Ramp's virtual card controls provide effective protection. Businesses can generate a virtual card with a preset spending maximum that expires after one use. This limits exposure and reduces the risk of overspending on digital purchases.

With Ramp's virtual payment cards, businesses streamline digital procurement while tightening security. Virtual cards eliminate the need to provide sensitive corporate card details to vendors. Ramp's instant virtual card generation and robust controls provide effective safeguards against fraud for online transactions.