Manual management of regular administrative tasks and business finances can be overwhelming. However, a platform that supports expense management while offering tools to effortlessly handle human resources (HR) tasks can resolve these problems. Experts estimate that the global financial management software market can grow to $49.9 billion by 2033 from $17.9 billion in 2023.
This highlights the growing demand for these platforms in the corporate landscape. Ramp and Rippling are two such software solutions that provide comprehensive tools for managing corporate spending. From travel expenses to corporate cards and tracking employees’ spending, they offer advanced tools to enhance financial oversight.
Read the following Ramp Vs Rippling blog and explore which one can serve you the best!
Ramp Vs Rippling– A Brief Summary
Feature
Ramp
Rippling
Corporate Cards
Automated, customizable spending limits
3DS enrollment for increased security
Efficient monitoring of expenses
Supports both virtual and physical cards
Expense Management
Syncs with Gmail, Lyft, etc., and maintains spending record
Automated submission of expenses
Supports reimbursements in 100+ currencies
Syncs with payroll for increased accuracy
Global Spend
Supports reimbursements across 70+ countries
Deals with 40+ currencies
Centralized system
Supports spending across 130+ countries
Analytics And Reporting
Real-time insights into financial data
Supports accurate data analysis
Pre-built report templates
Automatic data calculation with formula fields
Integrations
Integrates with 200+ platforms
Integrates with 600+ platforms
What Is Ramp?
Ramp is a cloud-based financial management software that monitors corporate spending and maximizes the efficiency of finance teams. From start-ups to small businesses and large, global enterprises, it serves organizations across various industries. By integrating different tools, the software offers a centralized platform and ensures effective data management.
The platform automates various administrative functions, thereby eliminating the need for manual data entry and saving employers’ time.
Unique Features Of Ramp
Vendor Management: Ramp offers a centralized approach to vendor management and provides real-time insights into vendor data. It notifies businesses about contracts’ renewal dates as well as enables them to track vendors’ details with its custom fields
Accounts Payable: The software helps companies process large volumes of bills and manage cash flow with ease. From automating data entry to personalized approval flows, Ramp offers comprehensive assistance
Procurement: Powered by artificial intelligence (AI), Ramp enables employers to manage essential documents, discussions, and requests. Businesses can match invoices with purchases, and flag errors in units or pricing, and ensure accuracy and precision
Travel Management: Ramp enables businesses to personalize travel policies, book hotels and flights at the lowest possible rates, and automate expense management through a unified platform
Pros And Cons Of Ramp
Pros
Efficient expense management functionality that supports intuitive submission and tracking of expenses
The texts and email integration make attaching receipts and memos with purchases easier
Supports unlimited card creation, and employers can set different expiration dates for all corporate cards
Cons
The system does not offer quicker methods of communication like chat or call
The software lists transactions individually and does not categorize them
What Is Rippling?
Rippling HR is a cloud-based, scalable HR software solution designed to help businesses of all sizes. It serves across a range of industries, including retail, information technology (IT), manufacturing, construction, healthcare, etc. The platform offers a full-service solution, enabling administrators to automate tasks through a centralized platform and save time and resources.
Unique Features Of Rippling
Recruiting: Businesses can hire top talent and expand their workforce with Rippling’s extensive applicant tracking system (ATS). It enables employers to post job openings across 25,000 online job boards and attract qualified candidates
Time And Attendance: Rippling automates time and attendance management and reduces administrators’ manual burden. Managers can customize the platform and tailor it to meet their unique time-tracking needs
Benefits Administration: The software offers a unified benefits administration process that enables employers to enroll their employees in 4,000+ benefit programs across the U.S. Additionally, it enables employers to stay compliant with the Affordable Care Act (ACA) and COBRA administration
Device Management: Rippling enables companies to maintain device security by getting real-time insights into security status and user data. Employers can automate Apple and Windows devices’ lifecycl
Pros And Cons Of Rippling
Pros
A centralized platform to manage and view paid time off (PTO), paystubs, schedules, reports, etc.
The mobile app automatically sends emails and alerts to notify managers when information needs to be updated
Efficient integration capabilities that make linking and working with other platforms a breeze
Cons
The e-signature functionality can lag sometimes, preventing users from uploading their documents
The system requires multiple re-logins and multifactor authentication, which can be a bit time-consuming
Ramp Vs Rippling – Key Functionalities Comparison
Corporate Cards
Ramp helps businesses maximize financial control by offering automated and personalized spending limits. Employers can issue virtual cards for employees and set budget limits by retail categories or vendors.
Ramp corporate cards operate on the Visa network and facilitate global acceptance. The security of the cards is maintained by the 3DS enrollment feature, which keeps employees' sensitive information safe.
Rippling helps employers effectively monitor and manage employees' corporate expenses. Companies can issue both physical and virtual cards to the workforce while maintaining budget limits with personalized card policies.
Rippling cards operate on the Visa network and support real-time transactions.
Winner: It is a close tie as both platforms offer virtual and physical corporate cards for financial management.
Expense Management
Ramp integrates expense management with reimbursements and corporate cards, ensuring automated submission of expenses. By linking with SMS, Lyft, Gmail, etc., and generating spend receipts, the system maintains records of all transactions.
Rippling streamlines expense management by enabling businesses to tailor personalized policies for their workforce. By supporting corporate reimbursements in 100+ currencies, the software enables employers to pay vendors in their local currency.
Winner: It is a close tie as Rippling supports multiple currencies, while Ramp excels in receipt management.
Global Spend
Ramp enables businesses to manage expenses across borders in 40+ currencies, issuing corporate cards and handling reimbursements in 70+ countries.
Rippling supports centralized global spending, processing transactions in 130+ currencies.
Winner: Rippling wins this round with broader currency support.
Analytics And Reporting
Ramp provides real-time insights and seamless integrations with platforms like Redshift and Snowflake for accurate data analysis.
Rippling offers a unified analytics platform with customizable reports, charts, and automated calculations.
Winner: It is a tie as both platforms offer comprehensive analytics and reporting tools.
Integrations
Ramp integrates with over 200 third-party applications:
Winner: Rippling wins this round with 600+ integrations.
Bottom Line
While Ramp is purpose-built for financial management and excels in expense tracking, automation, and corporate card control, Rippling's strength lies in its versatility. As an all-in-one HR, IT, and finance platform, Rippling offers a broader range of tools that integrate seamlessly, making it an attractive option for businesses looking for a unified solution.
If your priority is robust financial management and global spending oversight, Ramp is a strong choice. However, if you need a comprehensive platform for HR and administrative functions, Rippling may be the better fit.
