The Ramp Plus plan includes benefits like custom approval workflows, advanced vendor management, dedicated customer support, and higher limits on various transactions. It’s particularly valuable for larger organizations with complex approval hierarchies or those processing a high volume of vendor payments and expense reports. Ramp, on the other hand, operates on a charge card model with a flat 1.5% cash back rate and requires full payment each month. While both offer expense management features, Ramp focuses more on automated cost-saving analysis while Divvy emphasizes budget management and spending controls. Old-school expense management processes involved a lot of data entry and paper trails. By using software that ties directly to your business credit card, you can eliminate these cumbersome processes, saving you time and money.

Simplify mileage reimbursements with the round-trip checkbox

If you operate a Saa S business, youll make a big investment in IT and marketing costs. A manufacturer budgets large amounts for fixed asset repair and maintenance, and may hire a sales staff to distribute products. Startup founders must consider these factors before choosing a https://www.citybiz.co/article/785736/the-real-value-of-accounting-services-for-startups/ business credit card. Startups with an excellent credit score and a travel budget can accumulate miles using the Capital One card. Reward miles never expire, and cardholders can transfer miles to other travel loyalty programs.

• In addition, there’s no impact to your personal credit score when you apply, and your credit limit is based on financial factors like your revenue and funding raised.
• Finance teams and accountants everywhere brace themselves for 1099 season.
• When submitting mileage reimbursement requests, employees can enter their start and end destination along with any stops made.
• Easily check and verify W-9 status for contractors so you can make payments with confidence.
• Create a unique payment link you can share with your customers for streamlined invoicing.
• While it allows custom policies, flagged transactions, and post-spend reviews, it doesn’t enforce pre-approval unless configured manually.

Which clients should adopt a spend management solution?

• Bill also offers virtual cards, but with a stronger focus on control.
• From a single, unified view, you can see all bills pending approval across your linked entities, quickly review vendor and bill details, and approve or deny bills in just a few clicks.
• Prevent overspending and fraud by setting spend limits on virtual cards for vendors, subscriptions, and one-time purchases—all managed within the app.
• Owners looking for a new credit card should consider the Rho Card for its ease of use, cashback option, and finance integrations.
• Yes, you can qualify for a business credit card when you have bad credit.

The company has since expanded its product capabilities to include bill payments, procurement, and accounting integrations. BILL Accounts Payable lets you pay vendors using ACH, check, international wire transfer, vendor direct virtual cards, international payments, and more. It also connects with accounting software like QuickBooks, Xero, and Intacct to reduce manual work and keep your client’s books accurate. Plus, you can easily keep a detailed audit trail when you store invoices and proof of payment in one place. We encourage our customers and employees to use their BILL Divvy Cards for every transaction.

The bigger picture: What does Ramp mean for the future of business finance?

For example, if you set a budget for $1,000 and give a budget member $100, that member will only be able to spend up to that $100. BILL Accounts Payable customers can also request W-9 forms directly from contractors. A new accounting services for startups W-9 upload process helps speed up W-9 data collection and reduce errors from manual data entry.

• That makes it invaluable if your goal is to build business credit.
• Its core services include business credit, virtual cards, budget management, reimbursements, and a highly-rated mobile app.
• After importing employees into BILL Spend & Expense, send invitations to create an account and receive their card.
• Managing incomplete transactions just got a whole lot easier with our latest Budget Policy update.
• To help simplify the process of splitting a transaction between multiple budgets, you can now automatically split recurring transactions on your virtual cards.
• For companies just getting started or managing tighter cash flow management, this can offer a safe entry point, but it might not scale quickly.
• Send electronic invoices and access recurring invoices, automatic payment reminders, automatic overdue notices, electronic payments through ACH, and more.

• However, urgent help may take longer compared to Brex’s real-time options.
• It’s designed for teams that need flexibility and oversight at the same time.
• We encourage our customers to use their BILL Divvy Cards for every transaction made on behalf of the business.
• The magic of BILL Spend & Expense is that your client can set budgets for teams, projects, events, and more, and attach employee cards to those budgets1.

This year, we’ve taken major steps to simplify every part of the process, based on direct feedback from customers and accountants. Employees are also prompted to upload a receipt to every transaction immediately after it goes through. If a transaction comes through that does not match your client’s expense policy, they can quickly identify it and rectify the spend before the end of month close.

Closing the books is necessary and fundamental, but it relies on duplicative, manual, and time-consuming work. The data for your client’s typical spend gets spread over a variety of sources, including accounting/ERP, credit cards, expense reports, spreadsheets, paper, and more. Ramp’s evolution—from corporate cards to a full-fledged financial operations suite with cash management—mirrors a broader industry trend toward unified finance platforms. By offering features like AI-powered spend analysis, automated policy enforcement, and high-yield treasury management, Ramp is positioning itself as a central hub for business finance. Transform your expense management with smart corporate cards and automated spend controls.

Visibility and control at every level

Ramp is a financial technology (fintech) company that’s reimagining how businesses manage their money. At its core, Ramp offers corporate credit cards, but it’s not just about payments. The company has built a comprehensive platform that automates expense tracking, enforces spending policies, and offers real-time insights into company finances. Ramp’s mission is to help businesses spend less and operate more efficiently by cutting out unnecessary manual work. It’s especially appealing to companies that prefer a charge card model (which requires full monthly payment) over a traditional credit card. The acquisition of Divvy by Bill.com has led to significant changes in operations and management.