Top Ramp Alternatives and Competitors

• Consolidate transactions and enhance payment processing visibility
• GL codes are applied to each card with automated reconciliation
• Tipalti requires a simple setup, with implementation in weeks

Tipalti is for any business looking to automate AP processes, reel in expenses, and stimulate business growth. Whether you are a startup or a large enterprise, Tipalti works with high-velocity companies of all shapes, sizes, and industries.

• International payment capabilities with six payment methods to over 196 countries in +120currencies.
• Advanced international payments and FX features like hedging. 
• Quickly integrates with ERPs and accounting systems, like Oracle NetSuite, QuickBooks, Xero, Microsoft Dynamics, and Sage Intacct.

Tipalti offers different plans for businesses, including Starter, Premium, and Elite packages. Tipalti uses a SaaS provider subscription pricing model. To upgrade from the Starter plan, you can add advanced functionality as you go.

• Expensify’s bill-paying app allows you to track, approve, and pay bills 
• Invoice automation is included with every subscription (with a per transaction fee)
• Create expense reports in a few clicks with customizable templates and categories
• Policy and rules enforcement to ensure compliance and prevent fraud or misuse
• Mobile apps for both iOS and Android

Expensify targets companies of any size, from small startups to large enterprises. The serviceable market includes finance teams, professionals, accountants, and anyone responsible for expense management.

• Known for its user-friendly interface, making it easy for employees and finance teams to adopt and use it effectively.
• Automation features, including invoicing, billing, policy enforcement, receipt scanning, and reduction of manual labor.
• Top integrations with brands like Oracle NetSuite, QuickBooks, and Sage.

Expensify offers different pricing tiers, including a free plan for small teams and a paid one for larger businesses. The pricing model is based on the number of active users and additional features required. Custom pricing is also available.

• Analytics to generate detailed reports and gain insight into accounting
• Integrations with financial services like SAP ERP, NetSuite, and QuickBooks
• Mobile app for iOS and Android for remote access 
• Concur Invoice to automate AP management like invoicing and reporting
• Customizable approval workflows with three-way matching

SAP Concur primarily serves mid-sized to large enterprises with complex accounting needs. Their primary market includes businesses in various industries, like healthcare, finance, manufacturing, technology, and more.

• Highly scalable solution suitable for companies of all sizes, with extensive integration capabilities options with other SAP products and third-party systems, making it adaptable to various IT environments.
• It supports multiple languages, tax regulations, and currencies, making it suitable for operating globally.
• Complex AP automation to increase spending visibility, reduce tedious tasks, and improve your bottom line.

SAP Concur offers different pricing plans, with varying costs depending on specific business needs and size. Pricing usually involves a combination of factors like the features required, the number of users, and the level of customization. Contact sales for a quote.

• Specializes in global payroll, navigating complexities of payroll in various countries.
• Employee self-service portal to access tax documents, pay stubs, and personal data.
• Multi-currency support to manage payments in multiple currencies.
• Integrates with HR systems to streamline the flow of data between payroll and HR.
•  Reporting tools to provide insights into payroll costs and compliance.

PayEm typically targets companies that operate on a global scale and have international staff. The serviceable market includes mid-sized enterprises, multinational corporations, and startups that must manage payroll across borders. It caters to industries like finance, tech, healthcare, and manufacturing.

• Streamlined payroll process to reduce administrative burdens on finance teams and HR, with a strong emphasis on compliance with local tax and labor laws.
•  Designed to scale with the growth of a business and accommodate all changing payroll needs, as they happen.
• Adheres to stringent data security and privacy standards to protect sensitive employee information.

PayEm’s pricing structure varies depending on the number of employees, the complexity of payroll requirements, and the specific services needed. Pricing may also depend on whether a company requires additional services like compliance management or tax consulting.

For the most accurate and up-to-date pricing data, you should reach out directly to PayEm.

•  Offers mobile apps for both iOS and Android devices.
•  Integrates with various accounting platforms, streamlining reconciliation of records.
•  Facilitates vendor payments, helping a company better manage invoices and payments.
• Approval workflows ensure expenses are reviewed and approved before reimbursement.
•  Establish and enforce expense policies to prevent non-compliant spend.

Spendesk usually targets small to medium-sized businesses and startups looking to grow. The serviceable market includes industries like e-commerce, technology, consulting, and professional services.

It’s designed to meet the needs of a business that wants to modernize and automate expense management without the complexity of larger enterprise solutions.

• User-friendly interface with intuitive controls, making it easier for employees to adopt the tools and use them effectively.
• Users manage tasks in real-time, providing complete visibility into financial activities from anywhere.
• Spendesk integrates with popular financial and accounting software that enables seamless data transfer and reconciliation.

Spendesk offers a subscription-based pricing model that changes based on factors like features required, multi-entity needs, number of users, and the volume of transactions. It also offers different pricing tiers, including basic and premium plans, with varying levels of functionality. Call them for the most up-to-date, custom quote.

Tipalti helps make the supplier management experience personal. They offer a white-label, self-service portal that empowers suppliers to manage their own data. The system automatically collects vendor data via the portal and proactively reduces errors with 26,000+ validation rules. It has KPMG-approved guided digital capture, TIN matching, and global tax compliance.

Tipalti supplier management offers centralized features like:

• Collect all vendor contact details
• Easily onboard with a brandable portal
• Verify bank account data
• Collect and validate IRS and VAT tax IDs
• Promote supplier self-service

In comparison, the Ramp supplier process is more disconnected. Vendor creation happens during the bill creation. Vendors are then invited to register along with the first incoming payment.

The payer chooses the payment method (not the payee), and there are limited features for tax services. Tipalti offers tax compliance every step of the way with functionality for e-filing, tax prep reports, W-8 collection, 1099 processing, and more.

In addition to expense management, Tipalti also functions as advanced accounting software. Ramp, however, lacks the depth of AP automation that Tipalti offers, with disjointed supplier management, zero tax compliance, and no FX solutions.

Tipalti has these features for AP automation:

• OCR, ML, and AI-related invoice management
• 2-way and 3-way purchase order and receipts matching
• Self-service supplier portal with tax form collection
• 6 different payment methods to 196 countries in 120 currencies
• Accelerated approval workflows

While Ramp does offer header and line-level data capture, there is no machine learning (ML) to improve OCR models. Their OCR claims of 99% accuracy tend to just fall apart with any invoice complexity.

Tipalti is designed to help you scale at every step of the journey. The business is a regulated MSB with MTLs across the US, possesses an e-money license in the UK with FCA, and is a blue-chip bank partner with JP Morgan, Citi, Chase, and Wells Fargo.

An organization can proactively prevent fraud with payee monitoring and screening against OFAC/SDN lists, and pay to 196+ countries in 120 different currencies (using six payment methods). Thus, there is a lot of flexibility for global growth.

Tipalti has multi-entity features that will future-proof global AP operations. A business can confidently send fast and secure mass global partner payments using the Tipalti platform and API. Additionally, the system simplifies multi-FX and currency management for global payables.

In comparison, Ramp has no MTLs and partners with Wise on foreign currency payments. This can create a slower payment experience with less accurate reconciliation and delayed visibility. Ramp has no payment approval workflows, no OFAC and sanction list screening, and limited FX capabilities.

Ramp’s primary focus and core competency is managing corporate cards for business spending. The Ramp corporate card allows a business to save more while managing expenses and spending within limits. 

The card is designed for teams of any size, with unlimited cards, and 10-20x higher credit limits than typical market rates. You can control every dollar spent with the ability to lock cards and restrict spend.

Tipalti also has a card solution called Tipalti Card with up to 1.25% cash back for every dollar, offered as a free customer add-on. The Tipalti Card, paired with the expense management and AP automation features, makes for a 360-degree approach you may not be able to find with Ramp.

The first-tier plan of Ramp is free, which is good news for startups and smaller businesses that need to grow fast. The Ramp system will save a business time and money; however, if you are looking to scale, it may limit opportunities. This is similar to Ramp competitors like Airbase, Brex, or ZoHo.

Ramp’s primary revenue source is interchange fees from card transactions. This means the more a customer spends, the more revenue Ramp will make, which can be in direct conflict with customer needs (like spending less). 

Additionally, there can be “hidden costs” when using Ramp. This includes process inefficiencies, limited financial controls, and a lack of compliance tools, exposing your business to errors and risks.

Tipalti customers rarely pay variable fees (FX is mostly paid by the payee). They pay fixed fees per transaction, so there are no competing interests.

Ramp helps businesses tackle expense management and save hours with effortless, error-free expense automation. Employees can easily submit expenses via SMS and in one app (available on iOS or Android). Quickly eliminate submission errors and grab details for every swipe with AI-generated categories and memos. 

The Ramp system enables a zero-touch expenses process, auto-matching receipts, and reconciling expenses. Reimburse employees in 40+ currencies and repay them in less than two days. Ramp integrates with Gmail, Amazon Business, Uber, and more platforms.

Tipalti also offers expense management functionality. Set up automated expense policies to ensure compliance and minimize fraud. Tipalti also has a mobile app for quick and easy expense filing, as well as streamlined approvals. 

Tipalti’s payment infrastructure helps to leverage global reimbursements using automatic reconciliation. All expense transactions and reimbursements are captured, categorized, and processed with the click of a button.