While this keeps spending predictable, it can slow teams down if budget changes require admin approval. Brex is designed for startups and larger companies with strong cash positions. This makes it a better fit for teams that want to manage costs tightly from day one. Automate bookkeeping tasks, enable client bill pay, and expand opportunities for your firm by offering spend and expense management services enhanced by AI. Confidently automate your financial ops with AI-powered automation and a simple integration into your tech stack. One login, an aggregated cash flow task list, and automatic sync with leading accounting software.

Divvy Expense Management Experience

However, the Brex 30 card requires a business checking account with at least $50, 000 deposited.Neither BILL DIvvy nor Brex requires https://ecommercefastlane.com/accounting-services-for-startups/ a personal guarantee for account approval. BILL Spend & Expense offers a credit line to businesses, as well as a BILL Divvy Corporate Card for any employee who needs access to the funds. With those funds, you can set up budgets for spending so that employees never go over what you’re willing to spend on a given expense category. The Rho Corporate Card is a charge card, not a credit card, so businesses must pay the balance outstanding on the due date in full. Additional fees include a 1% foreign currency transfer fee and a $30 wire recall fee. Ramp’s platform is built to analyze your business’s spending, identifying areas of waste and inefficiency.

• For invoice approvals, you can configure custom approval workflows, where invoices are automatically routed to the designated team members for review and approval based on your specified criteria.
• With expense management tools, accounts payable automations, and corporate credit cards available, this may be a decent Ramp alternative.
• BILL benefits various accounting firms by automating financial processes such as CPA, tax firms, bookkeepers, wealth and financial advisory firms as well as outsourced accountants that handle multiple clients.
• Divvy and Zeni offer expense management software that can connect seamlessly with the corporate credit cards.
• You can also track your spending on this platform, including uploading receipts to track everything in one place.

What Is Ramp?

Stripe is a financial services platform helping online businesses accept payments, automate revenue and finances, and include banking-as-a-service on their websites. However, their platform is packed with helpful features for online businesses to increase sales, manage customers, and automate their finances. Relay is a great option for business checking and savings accounts with access to valuable profit-scaling features. While they don’t offer a corporate credit card like Ramp or other competitors currently, if you are looking for strong banking services for business, Relay is a great choice. Like BILL and Mercury, Brex boasts zero annual fees for their corporate cards. Plus, for companies looking for cards with international capabilities, their Enterprise plan features local-currency cards and billing in over 50 countries.

Spendesk

• Rho focuses on more established businesses and is open to LLCs, but not sole proprietorships.
• Detect suspicious activity early, minimize false positives, and safely onboard vendors with confidence.
• BILL offers corporate cards, spend management software, and automated expense reporting solutions.
• Airbase competes with other companies that offer corporate cards and expense management, like Brex, Ramp, Expensify, Bill.com, and Divvy.
• You receive a dashboard that categorizes spending by team, vendor, or policy group.

These are the top Ramp alternatives based on features, pricing, and usability for startups. The Zeni Business Credit Card is currently available to eligible Zeni customers by invite only. The Zeni Business Credit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted.

Bill pay for stronger client cash flow

You can have physical cards for employees or virtual ones, and there’s a mobile app you accounting services for startups can use to view and manage expenses. The approval process for the Rho Card doesn’t require a personal credit check or personal guarantee. Plus, the IO Mastercard boasts no interest or annual fees, no FX fees on international usage, and integrations with popular accounting and bookkeeping platforms. Finding the right financial software for your startup’s needs is crucial to managing cash flow and spend. If you’re not sure if Ramp is right for you, you’ve come to the right place.

Real-time expense tracking

• Brex provides you with unlimited virtual cards at no additional cost.
• You must redeem the points you earn with your BILL Divvy Corporate Card points through the BILL Rewards online platform.
• The approval process for the Rho Card doesn’t require a personal credit check or personal guarantee.
• Divvy allows businesses to assign and track budgets in real time, distribute funds to team members instantly, and gain immediate insight into expenditures through its digital platform.
• With Brex no longer serving small to medium-sized businesses, and laying off 20% of their staff in January 2024, we can’t help but think that Ramp’s rapid growth has forced them to re-think a few things.
• BILL’s business credit offers are free for qualifying businesses.
• You decide if you want to pay off your balance every week, twice per month, or once per month.

Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. Please view our advertising policy and product review methodology for more information. Bill Spend & Expense offers 1-way sync with ERPs and accounting software like Quick Books Online, Net Suite, and Sage Intacct.