1.5% cash back on everything
Actionable insights that help us reduce spend (which is not what more payment providers do)
- duplicate subs between team members, ways to save on SaaS
Much better card issuance than Brex
- 50 virtual cards per team member
- can set card limits daily/weekly/monthly/annual
- Eg. annual learning stipend for each FT team member or lunch card with $25 daily limit
- automatically closing cards for new SaaS (eg. close after trial to make sure we don't get charged)
- able to set categories for cards (eg. can't use for gambling, can only use for office supplies)
Vendor management
- see our spend by vendor
Strong slack integration
- approve new card requests in slack
- notifications for large transactions etc.
built in expensing feature which should replace Expensify
- smart rules for spend categorization which should eliminate a lot of manual work for accounting
- eg. if vendor is Apple Store → hardware, if Uber → Rideshare, if Square → Team meals etc.
- take photos of receipts and write what it's for
reimbursements directly to employee bank account via ACH
- eg. if XXX submits mileage for reimbursement, we can pay him directly through Ramp without having to plug that into payroll
- easy to reimburse people who are not on payroll (eg. candidates)
Minor point but Ramp's design is much cleaner and simpler
