Ramp

Real-Time Expense Tracking

With Ramp's expense tracking feature, users get real-time visibility into every transaction with instant purchase notifications. As soon as an employee makes a purchase with their Ramp card, an alert is sent with transaction details like the merchant name, date, amount, and purchase category.

This real-time tracking allows finance teams to monitor spending with the ramp card across the organization down to the individual employee level. Unexpected expenditures using ramp's business card or suspicious transactions can be flagged quickly before they add up. Customizable rules and thresholds provide further control over spend monitoring.

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.)

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Automated Receipt Capture

Ramp's Automated Receipt Capture eliminates the need for manual expense report creation which is a significant cost savings to those who currently use an expense management or reimbursement solution. With the Ramp mobile app, employees can instantly snap a photo of any paper or digital receipt. Ramp's proprietary artificial intelligence technology automatically scans and extracts key details from the receipt image, including merchant name, date, amount paid, items purchased, and more.

The extracted receipt data integrates directly into the Ramp dashboard to streamline expense reporting. Ramp's receipt OCR capability reads both structured receipt data as well as unstructured data from handwritten receipts or unconventional formats. This automated receipt capture removes friction from employee expense reporting, saving time and reducing errors caused by manual data entry.

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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.

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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.

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