Prime Ramp rivals and options in 2024

Ramp is a fast-growing spend administration platform that gives trendy company card and accounts payable options. It is particularly in style amongst startups and SMBs in search of to streamline expense reporting. Ramp automates receipt matching, integrates with different accounting software program, and simplifies the spend administration course of.

However each firm is completely different. You may want superior options like world AP automation, strong ERP integration, seamless digitization, or deeper accounting functionalities that Ramp might not present. That is why it is sensible to take a look at Ramp options.

On this complete information, we’ll study the highest 8 Ramp rivals, together with Nanonets, Brex, Airbase, and extra. We’ll break down every platform’s key options, strengths, and pricing so you will discover your good AP and spend administration accomplice.

What’s Ramp?

Ramp is a spend administration platform that mixes company playing cards with highly effective expense administration and accounting automation. Its mission is to assist companies streamline spending, save money and time, and acquire real-time visibility into company-wide bills.

Key options of Ramp embrace:

• Company playing cards: Get bodily and digital playing cards with customized spend controls
• Expense administration: Actual-time expense monitoring, categorization, and reporting.
• Accounts payable automation: Automates your complete AP workflow, from bill seize to fee processing.
• Accounting integration: Seamless syncing with QuickBooks, Xero, NetSuite, and extra.
• Spend controls: Set budgets, limits, and approval workflows to implement expense insurance policies.

Prime Ramp options and rivals

Ramp provides a user-friendly interface and highly effective automation capabilities. Nonetheless, it will not be preferrred for companies with complicated accounting necessities or these in search of a complete, absolutely automated procure-to-pay resolution.

Fortunately, many wonderful Ramp options supply strong options and distinctive advantages. Let’s discover them.

1. Nanonets

Nanonets is a game-changer for accounts payable groups. Its AI-powered resolution, Move, automates your complete procure-to-pay course of, from clever bill knowledge seize to automated approval workflows and seamless accounting integration.

Move’s user-friendly interface makes it simple to navigate and saves time by minimizing errors and handbook duties. With end-to-end visibility, AP groups can give attention to higher-value actions as a substitute of getting slowed down in paperwork. 

Nanonets vs. Ramp comparability

Nanonets Move is a sturdy, scalable resolution for companies in search of full AP automation, from bill consumption to fee. It makes use of superior AI and OCR to deal with complicated, multi-format invoices, whereas Ramp’s AI is extra restricted. Nanonets does 3-way matching invoices, POs, and receipts; Ramp solely does 2-way matching. Nanonets has customizable approval workflows for complicated hierarchies, a vendor portal for communication and doc sharing, and detailed AP analytics. Ramp is healthier for corporations needing company playing cards and important expense administration with gentle AP automation.

Nanonets prime options

1. AI-powered knowledge seize: Precisely extract knowledge from invoices, lowering handbook entry and errors.
2. Multi-format bill processing: Handles invoices in varied codecs, together with PDFs, scans, and emails.
3. 3-way matching: Robotically matches invoices with POs and receipts to forestall discrepancies and fraud.
4. Customizable workflows: Create customized approval workflows primarily based on vendor, quantity, division, and extra.
5. In depth integrations: Seamlessly combine with Zapier, Google Drive, Zendesk, Typeform, Shopify, QuickBooks, Xero, Sage, and lots of different apps to automate duties, sync knowledge, and streamline AP processes.
6. Vendor portal: Talk with distributors, monitor standing, and handle paperwork in a single centralized hub.
7. Analytics dashboard: Achieve real-time visibility into AP metrics, bottlenecks, and enchancment alternatives.

Who’s Nanonets match for?

Nanonets is ideal for companies of all sizes trying to remove handbook bill processing, streamline complicated approval workflows throughout a number of departments or places, seamlessly combine with their accounting methods, and effectively deal with a excessive quantity of invoices in varied codecs from completely different distributors.

Value comparability

Nanonets provides three pricing tiers:

1. Starter ($49/person/month or $199/month for five+ customers): Processes as much as 30 invoices/month – Contains vendor administration, normal ERP sync, fee through financial institution switch or bank card – Helps as much as 10 customers

2. Professional ($69/person/month or $499/month for 10+ customers): Handles as much as 150 invoices/month – Contains all Starter options – Helps as much as 30 customers

3. Plus ($99/person/month; customized enterprise pricing): Covers as much as 500 invoices/month – Provides customized integrations, API entry, devoted account supervisor, customized knowledge retention, a number of licensing choices, customized workforce coaching

Ramp has a free primary tier and expenses $8/person/month for its premium plan, with further charges for customized integrations and superior options. Whereas seemingly cheaper, prices can rise rapidly for companies with many customers or complicated wants. Ramp’s pricing additionally would not scale with utilization, so corporations might pay for unused options or outgrow the platform as bill quantity grows. Nanonets supplies a extra versatile, clear, scalable pricing construction aligned with enterprise wants and development.

By linking worth to bill quantity and person depend, Nanonets lets corporations pay just for what they use and simply accommodates elevated demand with out shock prices.

2. Brex

Brex is a San Francisco-based firm that gives an AI-powered spend administration platform. It’s a company card and spend administration platform that helps companies management bills, automate accounting, and streamline monetary operations. With strong expense monitoring, card administration, and AP capabilities, Brex is an all-in-one resolution.

Brex vs. Ramp comparability

Whereas each Brex and Ramp supply spend administration options, Brex excels in its company card providing and rewards program however lags behind Ramp in AP automation, world fee assist, and pricing transparency. Ramp’s user-friendly interface and robust buyer assist give it an edge over Brex.

Brex prime options

1. Company playing cards: Get playing cards with beneficiant limits and a streamlined utility course of, enabling companies to entry funds rapidly and simply.
2. Automated expense monitoring: Captures and categorizes bills, eliminating handbook knowledge entry and saving time for finance groups.
3. Customizable spend controls: Set granular spend limits, create approval workflows, and outline expense insurance policies to make sure compliance and forestall unauthorized purchases.
4. Receipt seize and matching: Simplifies expense reporting by permitting customers to simply seize receipts and match them to transactions.
5. Digital playing cards: Get digital playing cards that can be utilized for on-line transactions and recurring subscriptions, offering an added layer of safety and management.

Who’s Brex match for?

Brex primarily caters to venture-backed, fast-growing startups in search of to improve from legacy expense methods, optimize spend administration, and earn returns on unused money. It provides a variety of options for companies in search of an all-in-one spend administration resolution that features primary AP capabilities.

Brex’s rewards program is geared in direction of typical tech startup spending patterns, so companies in different sectors or with smaller money reserves might choose options like Ramp. Moreover, whereas Brex provides some AP performance, corporations with excessive bill volumes or complicated AP necessities might have a extra devoted AP instrument.

Value comparability

Brex has a tiered pricing construction with plans designed for various enterprise sizes and desires:

• Necessities: This free plan contains limitless world company playing cards, enterprise accounts, invoice pay, expense administration, and accounting integrations. It supplies $6M in FDIC protection and a 4.90% yield on money balances.
• Premium: $12 per person per thirty days, including superior options like customized expense insurance policies, journey reserving, real-time budgeting, and devoted admin assist.
• Enterprise: Customized pricing for big, world corporations. Contains native playing cards and funds in 50+ nations, limitless coverage customization, superior permissions, and premium onboarding and assist.

Whereas Ramp’s pricing could appear extra enticing initially, particularly for smaller companies, it is essential to contemplate every plan’s particular options and capabilities. Brex’s paid plans present a broader vary of options appropriate for corporations with extra superior necessities.

3. Airbase

Airbase is a spend administration platform that mixes company playing cards, expense administration, and accounts payable automation right into a single, built-in resolution. Specializing in mid-market corporations, Airbase goals to offer a complete platform for managing all non-payroll spending.

Airbase vs. Ramp comparability

Airbase and Ramp supply comparable spend administration capabilities, however Airbase stands out for its strong expense administration and accounts payable automation options, providing extra superior capabilities than Ramp in these areas. Ramp is extra user-friendly and has clear pricing.

Airbase prime options

1. All-in-one spend administration: Consolidates company playing cards, expense administration, and invoice funds right into a single, easy-to-use platform.
2. Highly effective approval workflows: Create customized approval workflows that match their distinctive insurance policies and organizational construction.
3. Clever receipt matching: Makes use of superior algorithms to match receipts to the corresponding transactions mechanically.
4. Environment friendly buy order administration: Simplifies the acquisition order course of by permitting customers to create, approve, and monitor POs immediately throughout the platform.
5. Multi-entity assist: Permits corporations to handle spending throughout a number of entities whereas sustaining separate budgets, approval workflows, and reporting.

Who’s Airbase match for?

Airbase is a superb alternative for mid-market corporations in search of a complete spend administration resolution that goes past simply company playing cards. Its robust expense administration and AP automation capabilities swimsuit companies with extra complicated monetary workflows properly. Nonetheless, corporations prioritizing a extra user-friendly interface or clear pricing might choose options like Ramp or Nanonets.

Value comparability

Airbase provides three plans primarily based on firm dimension, with customized pricing: Customary: As much as ~200 staff, Premium: As much as 500 staff, and Enterprise: As much as 5,000 staff. It’s fitted to midmarket software program and tech corporations prioritizing spend administration, AP automation, and bigger enterprises needing customizable, real-time workflows throughout a number of subsidiaries.

In distinction, Ramp retains it easy with free core options and no hidden charges. It is nice for companies wanting clear, simple pricing to keep away from difficult pricing constructions and sudden expenses.

4. Spendesk

Spendesk is a complete spend administration platform designed to assist companies streamline and management their bills, invoices, and company playing cards. Specializing in automation, real-time visibility, and ease of use, Spendesk goals to simplify the spend administration course of for finance groups and staff.

Spendesk vs. Ramp comparability

Whereas Spendesk and Ramp supply comparable spend administration options, Spendesk supplies extra complete options, together with bill administration, compliance, and pre-accounting.

Spendesk prime options

1. Clever company playing cards: Spendesk provides limitless bodily and digital playing cards with built-in controls, empowering staff whereas sustaining monetary management.
2. Actual-time finances monitoring: Monitor and optimize budgets in real-time with highly effective reporting options, enabling knowledgeable spending selections.
3. All-in-one spend administration: Consolidates company playing cards, expense administration, and invoice funds right into a single platform.
4. Highly effective approval workflows: Create customized workflows matching distinctive insurance policies and organizational constructions.
5. Environment friendly buy order administration: Simplifies the acquisition order course of by permitting customers to create, approve, and monitor POs immediately throughout the platform.

Who’s Spendesk match for?

Spendesk caters to companies in search of a complete spend administration resolution past company playing cards. Its robust expense administration and AP automation capabilities swimsuit corporations with extra complicated monetary workflows. 

Value comparability

Spendesk would not disclose particular pricing upfront. You must contact their gross sales workforce to get a customized quote. In distinction, Ramp provides clear pricing with a free core and paid plan at $8/person/month.

5. Navan

Navan, previously TripActions, is an all-in-one journey administration and expense platform that simplifies enterprise journey and expense reporting. It provides a user-friendly interface, integrates with varied company card options, and supplies built-in journey reserving capabilities. Navan is a well-liked various to legacy expense administration options and is appropriate for companies of all sizes.

Navan vs. Ramp comparability

Navan and Ramp supply spend administration options, however Navan excels in journey administration and reserving whereas offering strong expense monitoring options. Ramp focuses extra on basic spend administration and AP automation.

Navan prime options

1. Built-in journey reserving: E book flights, motels, and transportation immediately throughout the platform, with entry to unique offers and reductions.
2. Automated expense monitoring: Captures and categorizes bills from varied sources, together with company playing cards, receipts, and journey bookings.
3. Customizable insurance policies: Outline and implement journey and expense insurance policies to make sure compliance and management prices.
4. Cellular app: Handle bills, ebook journey, and submit receipts on the go along with Navan’s user-friendly cell app.
5. Complete reporting: Generate detailed experiences on journey and expense knowledge to achieve insights and optimize spending.

Who’s Navan match for?

Navan is a perfect resolution for companies of all sizes that prioritize journey administration, reserving, and expense monitoring. Its user-friendly interface, cell app, and robust buyer assist make it a preferred alternative for corporations trying to streamline their journey and expense processes. Companies primarily targeted on AP automation or extra complicated spend administration wants might choose extra well-rounded options.

Value comparability

Navan provides a free expense administration plan, which incorporates company playing cards, for a corporation’s first 50 month-to-month lively customers. For companies with greater than 50 month-to-month lively customers, it’s essential to contact their gross sales workforce for a customized quote. A direct comparability with Ramp isn’t potential as a result of Navan’s lack of clear pricing info.

6. SAP Concur

SAP Concur is an built-in journey, expense, and bill administration options that assist corporations handle journey bookings and worker bills with customizable workflows, approvals, and experiences. The product guides staff via journeys, mechanically populates expenses into expense experiences, and streamlines bill approvals. It additionally hyperlinks bank card exercise to streamline the expense reporting course of and makes use of real-time knowledge and AI to audit transactions.

SAP Concur vs. Ramp comparability

SAP Concur and Ramp each supply spend administration capabilities. SAP Concur primarily focuses on journey and expense administration for bigger enterprises, whereas Ramp targets startups and SMBs with broader spend administration and AP automation options. Though SAP Concur has extra strong journey administration options, its interface is clunky and tough to navigate in comparison with Ramp.

SAP Concur prime options

1. Built-in journey and expense administration: Manages journey bookings and bills in a single platform, simplifying the method for workers and finance groups.

2. Customizable expense insurance policies: Outline and implement firm expense insurance policies to make sure compliance and management prices.

3. Cellular app: Seize receipts, submit bills, and handle approvals on the go along with the cell app.

4. Detailed reporting and analytics: Generate experiences on journey and expense knowledge to achieve insights and optimize spending.

5. Integration with ERP methods: Seamlessly combine with SAP ERP and different in style accounting methods to streamline monetary processes.

Who’s SAP Concur match for?

SAP Concur most closely fits giant enterprises with important journey bills and sophisticated expense administration wants. Its strong function set and integration with SAP ERP methods make it a preferred alternative for corporations already utilizing SAP options. Nonetheless, smaller companies or these primarily targeted on AP automation and basic spend administration might discover different extra appropriate and user-friendly options.

Value comparability

SAP Concur doesn’t publicly disclose its pricing, requiring potential clients to contact their gross sales workforce for a customized quote primarily based on their wants and utilization. In distinction, Ramp provides a extra clear and reasonably priced pricing mannequin, with a free core plan and a paid plan at $8/person/month for extra options.

7. BILL Spend & Expense (previously Divvy)

BILL Spend & Expense, beforehand referred to as Divvy, is an all-in-one expense administration resolution that offers companies real-time visibility and customizable management over their funds. Following BILL’s acquisition of Divvy, the platform was rebranded as BILL Spend & Expense.

BILL Spend & Expense vs. Ramp comparability

Whereas each BILL Spend & Expense and Ramp supply company playing cards and expense administration options, BILL Spend & Expense focuses extra on journey rewards with an advanced factors system. In distinction, Ramp supplies a extra simple, flat-rate cashback construction. Ramp’s interface is extra intuitive and user-friendly than BILL Spend & Expense’s.

BILL Spend & Expense prime options

1. Mixed company playing cards and expense administration software program: Presents a free expense administration platform paired with company playing cards for complete spend management.

2. Actual-time visibility: Offers real-time insights into company-wide spending, permitting companies to make knowledgeable monetary selections.

3. Customizable spend controls: Set spending limits, create budgets, and set up approval workflows to make sure compliance with firm insurance policies.

4. Journey rewards program: Earn as much as exponential factors on travel-related bills like eating places and motels, redeemable for assertion credit or journey purchases.

5. Vendor fee providers: Handle and pay vendor invoices immediately via the platform, incomes cashback rewards on funds.

Who’s BILL Spend & Expense match for?

BILL Spend & Expense is an effective match for small to medium-sized companies, notably these with important journey bills that may profit from the platform’s journey rewards program. It is usually appropriate for corporations in search of a mixed company card and expense administration resolution with real-time visibility and spend controls. Nonetheless, companies with extra complicated AP automation wants or these in search of a extra user-friendly interface might must look elsewhere.

Value comparability

BILL Spend & Expense provides a free expense administration platform. The company card program prices are primarily based on transaction quantity and fee processing charges. Whereas this will likely appear enticing initially, the prices can add up rapidly with excessive transaction volumes.

Ramp supplies a extra clear and predictable pricing construction, with a free core plan and a paid plan at $8/person/month for extra options.

8. Rho

Rho is a complete finance platform that mixes company playing cards, AP automation, banking, and treasury administration right into a single, built-in resolution. Designed to assist companies streamline their monetary operations, Rho provides a user-friendly interface and highly effective options that cater to the wants of recent finance groups.

Rho vs. Ramp comparability

Rho and Ramp are two spend administration platforms with strong capabilities, however Rho stands out as a extra complete, all-in-one monetary administration resolution. Each are equally simple to make use of general, however Rho is taken into account simpler to arrange and administer. Rho provides company playing cards, AP automation, built-in banking, and treasury administration providers, offering customers with larger visibility into money circulate. Then again, Ramp has a user-friendly interface and strong expense-tracking options however lacks built-in banking and has restricted AP automation.

Rho prime options

1. Company playing cards: Get bodily and digital playing cards with customizable spend limits, class restrictions, and real-time alerts.

2. AP automation: Streamline bill processing, approvals, and funds with automated workflows and seamless integration with accounting methods.

3. Built-in banking: Entry FDIC-insured financial institution accounts, home and worldwide wires, and different banking providers immediately throughout the platform.

4. Treasury administration: Optimize money circulate and earn aggressive rates of interest with Rho’s treasury administration options.

Who’s Rho match for?

Rho is a superb alternative for companies of all sizes in search of a complete monetary administration resolution that goes past spend administration. Its built-in banking and treasury administration capabilities swimsuit corporations with complicated monetary operations or these trying to consolidate their monetary tech stack properly. It is also match for startups and rising companies that need an all-in-one finance resolution.

Value comparability

Rho provides clear, usage-based pricing. The platform is free, with no month-to-month charges or minimal balances required. Clients solely pay for the providers they use, equivalent to outgoing wires or cease funds.

In distinction, Ramp’s pricing might be much less clear, with sure options and integrations locked behind paid plans or customized pricing tiers. Whereas Ramp’s primary plan is free, companies might pay extra as they scale or require superior options.

Elements to contemplate when selecting a Ramp various

A number of key components have to be thought of when evaluating Ramp options to make sure you choose the very best resolution for your online business wants. Whereas Ramp provides a strong spend administration platform, it will not be preferrred for each group, notably these with complicated AP workflows or in search of a extra complete, AI-driven resolution.

1. AI-powered bill processing: Select a platform that harnesses the facility of AI and ML to streamline bill knowledge seize and extraction. It ought to supply prompt studying AI that may adapt to numerous bill codecs and layouts with out in depth pre-training. This permits sooner, extra correct processing and reduces handbook effort in comparison with Ramp’s restricted AI capabilities.

2. Seamless accounting integrations: Make sure the Ramp various you choose integrates seamlessly along with your current accounting software program and ERP methods. It ought to present strong, pre-built connectors for in style platforms like QuickBooks, Xero, Sage, and extra, API entry and Zapier integration for customized connections. This enables for clean knowledge circulate and minimizes disruption to your present processes, a key benefit over Ramp’s extra restricted integration choices.

3. Customizable workflows and approvals: Search for an answer that gives versatile, customizable workflows to match your distinctive enterprise necessities. The choice ought to allow you to create customized approval sequences primarily based on standards like vendor, quantity, or division, guaranteeing that invoices are routed to the proper individuals on the proper time. With automated reminders and escalations, you possibly can stop bottlenecks and maintain your AP course of transferring ahead effectively.

4. Complete audit trails and compliance: To take care of monetary transparency and adjust to rules, select a Ramp various that prioritizes safety and supplies detailed audit trails. Choose a substitute that mechanically captures a whole historical past of each motion taken on an bill, making it simple to trace modifications and preserve accountability. It ought to have superior options like duplicate bill detection and 3-way matching to assist stop errors and fraud, guaranteeing your AP course of stays compliant and safe.

5. Person-friendly interface: An intuitive, user-friendly interface is essential for adoption and effectivity. Guarantee the choice provides a clear, easy-to-navigate dashboard that simplifies complicated AP duties and requires minimal coaching. Customers ought to be capable of submit and approve invoices on the go, guaranteeing that your AP course of continues uninterrupted even when workforce members are away from their desks.

6. Scalability and world assist: As your online business grows, your spend administration and AP resolution ought to be capable of scale with you. The instrument you choose needs to be designed to deal with rising bill volumes and sophisticated workflows. Search for multi-language and multi-currency assist. It lets you course of invoices from worldwide distributors and increase your operations globally, one thing Ramp lacks.

Ramp FAQs

Ultimate ideas

Selecting the right spend administration and AP platform is important for companies trying to streamline funds. Ramp’s options might not match each enterprise, particularly these with complicated wants. The only option is dependent upon every firm’s distinctive objectives, however many options exist.

Search for a platform that drives effectivity, value financial savings, and success. It needs to be user-friendly, insightful, and tailor-made to your wants. With the proper instrument, you may simplify accounting processes considerably.