12/16/2020 | News release | Archived content
We're excited to launch Ramp Reimbursements - the easiest way to pay back your employees for expenses that don't fit on Ramp cards. Employees can now submit out of pocket expenses for approval and get paid back directly on Ramp.
How we got here
Ramp's goal is to make every company financially fit. We started our journey by building the most advanced corporate card on the market - one that automates your expenses and accounting, and saves your company money. The feedback has been overwhelmingly positive, and the ask consistent: customers want more on Ramp.
With T&E spend down by 87%, the need for complex and expensive expense management solutions has dramatically decreased. The rise of spend management solutions like Ramp has made it easy for employees to put business expenses on corporate cards, replacing the need to pay out of pocket and hope to be reimbursed. Need to buy a standing desk for your home office? Simply request and get issued a one time virtual card with the right embedded budget.
By approving spend up front and putting spend on a single platform, finance teams stay in the know and in control. Still, some expenses can't be put on a card - like cash expenses, car depreciation, and incidentals. That's why we built Ramp Reimbursements: a lightweight solution that enables employees to submit out of pocket expenses and get paid back directly on Ramp.
Introducing Ramp Reimbursements
With Ramp, companies can now handle all of their expenses from a single powerful tool including software, advertising, inventory, travel and now out of pocket expenses. Finance teams no longer have to juggle multiple disjointed and expensive solutions, like outdated corporate card solutions (Amex, Chase) or clunky expense management solutions (Expensify, Concur). By consolidating spend on one platform, that's one less tool to pay for each employee, configure, and maintain.
Best of all, finance team enjoy all the perks of the Ramp platform, including best in class user experience, embedded controls and alerts, 1 click approvals from Slack, and advanced accounting integrations. Ramp enforces your expense policies so you can worry about what matters - like keeping your company afloat.
'I see no reason why we need Expensify anymore. Let's get rid of it NOW!' Hunter, Director of Finance at Feelmore Labs
Switch to Ramp
This holiday season, gift yourself and your employees a better expense experience. Ditch your expensive and clunky expense management solution and switch to Ramp. It takes 15 minutes to get onboarded, and we'll waive all fees for 2021 if you sign up by Dec 31, 2020.