Financial agility and efficiency are paramount to running a successful organization, and time is money. Yet, 32% of companies (38% of large companies) still manage accounting with some combination of spreadsheets, paper, and manual processes.
Organizations must seek ways to reduce costs, streamline operations, and develop greater spend visibility to gain a competitive edge.This guide compares Tipalti vs. Ramp, focusing on AP automation, procurement, corporate credit cards, and expense management.
What Does Tipalti Do?
Tipalti is an award-winning finance automation solution that provides tools for AP automation, spend management, and corporate cards across your entire enterprise. The platform gives a business granular control over spend and the payables process to automate workflows and drive growth.
The Tipalti system enables businesses to streamline tax compliance, manage risks, and detect fraud. It fully automates the reconciliation process and provides in-depth reporting, giving a company greater insight into payment operations.
The employee-friendly solution offers physical and virtual corporate cards that simplify the issuance, control, visibility, and reconciliation of card expenditures. You can also streamline supplier management, invoice processing, and global payments.
Finance teams can manage spend, expenses, and more from a single, centralized location in your AP automation workspace. Plus, earn cashback on every Tipalti Card transaction with robust financial controls, workflows, and security.
Tipalti Product Capabilities Overview
Tipalti improves efficiency and offers scalability while minimizing extra headcount and manual data entry. The system offers complete control over card spend, with the ability to consolidate transactions and enhance payment processing visibility.
Tipalti also provides an automatic reconciliation of epayables and a total sync with ERPs.
Key features include:
- Procurement and purchase order management
- Tax and regulatory compliance
- Tipalti Detect to prevent fraud
- AP automation and invoice management
- Custom approval workflows with predictive AI
- A self-service supplier portal for easy onboarding
The entire Tipalti system will save your company money, processing transactions with six different payment methods, across 1196 countries, in 120 currencies.
The platform also offers advanced FX solutions and easily integrates with ERPs and accounting systems like Oracle NetSuite, QuickBooks Online, SAP ERPs, and Sage Intacct.
Tipalti requires a simple setup, and implementation can be completed in a few weeks.
Tipalti Pricing
Tipalti uses a SaaS provider subscription pricing model. To upgrade from the basic plan, you can add advanced functionality, like FX solutions, as your business grows.
What Does Ramp Do?
Ramp offers finance automation, procurement, spend management, and corporate cards, with a full-control platform designed to help you scale. Manage spend and save time with unparalleled insight and customer support.
The Ramp platform has a variety of solutions for your AP processes, including invoice and supplier management, procurement, and a mobile app. The system also offers working capital and in-depth reporting.
Ramp can issue a card on-demand, giving a business control of expenses in one click. The spend management platform also offers unlimited 1.5% cashback and serves a business of any size, whether you have 5 or 5,000 employees.
Using Ramp, customers save an average of 5%. The brand offers live support with experts to troubleshoot or offer actionable guidance whenever needed. It’s easy to apply, and customers can get the whole Ramp experience for free. There are no personal credit checks or personal guarantees required.
Key features include:
- Reimburse employees in more than 70 countries and 40 currencies
- Payment methods include physical and virtual cards, checks, ACH, and wire
- Multi-entity capabilities (Netsuite and Sage Intacct ) and custom fields in the GL
- Integrations with NetSuite, Sage Intacct, QuickBooks Online, Xero, and other ERPs
- Slack integration to manage card issue requests and expense approval
Ramp Product Capabilities Overview
Using Ramp, a business can find and collect all vendors and contract owners in a single spot and sync transitions to brands like Xero with a one-click process.
Top product capabilities include:
- Procurement: Capture spend requests in one spot and loop teams in for approval
- Expense Management: Receipt auto-matching, mobile transmission, AI-generated field, and categories
- Invoice Processing: Includes OCR for both header and line-level with approvals routing
- Spend Control: Enforce expense policies, spend limits, approval workflows, spend analytics
- Seamless Workflows: Plug Ramp into critical forecasting tools and orchestrate ideal workflows for reconciliation
Ramp Pricing
Ramp offers three plans:
- Ramp – FREE – Control spend, automate payments, and close faster
- Ramp PLUS – $12/user/month – Scale globally and manage end-to-end operations
- Ramp Enterprise – Quote – Maintain compliance and security on a global scale
Ready to optimize your corporate credit card strategy?
Compare the unique strengths of Tipalti versus Ramp to find the perfect fit. Get started today and make the right choice for your long-term success.
Features of Tipalti vs. Ramp
| Functionality |  |  |
|---|---|---|
| *Limited functionality | ||
| Supplier Management | Client-branded portal with supplier choice of preferred payment method, currency, etc., 26K+ rules validate payments, payment status updates, fee splitting. | Generic vendor portal for payment status, payer chooses payment method (not payee). Vendors can update contact info, SSN/EIN, bank account details. Payment sent, delivered, failed, returned, changed notifications. |
| Tax Compliance | KPMG approved tax engine collect and validate IRS, VAT tax IDs, W-9, W-8BEN against +3,000 rules. 1099 and 1042-S prep reports, auto-calculated withholdings, eFiling services. | Admins can add and store vendors’ W9 information directly in Ramp and export that information for
1099 processing. |
| Procurement | Integrated procurement to improve spend controls and reduce AP processing time. PO creation and real-time budget visibility. Fast implementation, integrates with Slack, Jira, and 30 other ticketing systems like Asana and Zendesk, contract interface to add and search contracts. | New and developing feature with current limitations. Does not block matching bills to fully filled POs. No Amazon punchouts. |
| Invoice Management | AI Smart Scan eliminates data entry with advanced data extraction on header and line level detail, AI-powered auto-coding of custom fields and expense accounts, plus managed services backup for accuracy. 2- and 3-way PO matching at header- and line-levels. Pre-defined approval rules or custom approval flows. | Supports PDF invoices only. Payers can upload directly or via email. Assign GL categories to vendors. Email, and Slack DM notifications. Unlimited approvers. 2-way PO matching only – no tolerance thresholds or prepayments. |
| Cards | Manage and reconcile card spend, gain visibility, and receive cash-back. Integrates with global payables automation, Tipalti Expenses feature, with automatic reconciliation. | Corporate cards and expense management/reimbursements are the core competency. International reimbursements in foreign currency. Cards can be used internationally. |
| Expense Management | Automated expense policies minimize fraud and ensure compliance, and a mobile and desktop experience for easy expense filing. Expense transactions and global reimbursements are automatically captured,
categorized, and processed. | AI-powered receipt collection/matching, flags non-compliant expenses, and notifies employees of out-of-policy spend. Automate expense categorization with smart rules for any field. |
| Global Remittance | Regulated MSB with MTLs across US. E-Money license in UK with FCA. Pay to 196 countries in 120 currencies, 50+ payment methods (ACH, global ACH / eCheck, check,
wire transfer, PayPal, prepaid debit). | Card, check, ACH & USD wire for international bill payment to 195 countries. FX local currency rails to 59 countries in 30 currencies. Partnering with Wise on foreign currency payments. Limited payment visibility. No payment approval workflows. No OFAC screening. |
| FX Solutions | Save time and money on currency conversions. Advanced FX solutions including intercompany bank transfers, FX hedging, payer FX, and payee FX. | None |
| Reconciliation and Reporting | API integrations with major ERPs NetSuite, Sage Intacct, QuickBooks Online, Xero, and Microsoft Dynamics BC. PO and GRN reconciliation.Integration with other ERPs via pre-built connectors using no-code, drag-and-drop
Interface. | API integrations with Netsuite, Sage Intacct, QuickBooks Online, Xero. NO PO, GRN, or instant payables reconciliation. File-based integrations with Quickbooks Desktop and other ERPs. |
| Multi-Entity | Manage multiple entities with different AP processes and workflows, gain a consolidated view. Instant reconciliation across methods, entities, geos, currencies, and payable workflows. | Generate payments for each entity, track card transactions, payout reimbursements, and bill payments for each entity from different bank accounts. Sync to multiple entities within one batch. |
| Corporate Metrics | Over 3.5k customers, $60B annual remittance, +$700M funding, $8.3B valuation. Deloitte 500 & Inc 5000 Winners 5-years Running (1 of 15 companies to be named to Deloitte’s Fast 500 five years in a row). World-renowned customer brands like Amazon, Twitch, Twitter, Roblox, GoDaddy, and Applovin. 99%
customer retention (10 years), 98% customer satisfaction. | Over 10k customers, $1.4B funding, $8.1B valuation. G2 Small Business Leader Winter 2022, G2 Best Results 2022, and G2 Best ROI Winter 2022. World-renowned customer brands like Quora, Barry’s, Webflow, ClickUp, and Betterment. |
Which Solution Works Best for Your Business (and Why)
When to Choose Tipalti
When to Choose Ramp
What Our Customers Say
“Our vendors like Tipalti because they get paid on time, and they can track when their payments are coming in.”
– Shawna Stewart, Staff Accountant Brooklinen
“We can shift our focus to more meaningful activities, such as fundraising and elevating our accounting staff. I don’t have to spend as much time on financials—except reviewing them once a month. Automation gets us there.”
– Jill Durkin, Controller ImaginAb
“Tipalti provides one central hub—suppliers can provide W-8s and W-9s and their preferred payment. I no longer have to chase down documents.”
– Andrew Jenks, Senior Accounting Manager Lucidworks
Summing It Up
Many organizations still don’t know how much it costs to process an expense report. Many still rely on manual methods to manage and approve expenses. This opens the door to a high rate of out-of-policy submissions, misuse, and even fraud.
In Tipalti’s global accounts payable teams survey based on IFOL research, it was discovered that nearly 50% of participants spend over five days each month manually processing invoices. A lot of time and money is spent on tasks that can be streamlined.
These figures demonstrate a greater need for automation in the modern financial landscape.
Although Tipalti and Ramp offer user-friendly credit card functions, AP automation and global payment solutions are Tipalti’s core competencies.
By using a card that integrates with an expense management platform, combined with accounts payable automation technology, you’ll shift a significant amount of time from data entry to strategic finance, contributing value, business growth, and cost reduction. This also helps a business generate a more precise audit trail.
