If you're looking for a more powerful foundation for business expense management and overspending protection, Ramp is a good option. It automates finance processes by linking global corporate cards, travel, expenses and accounts payable. Automated expense reporting, customizable travel policies and AI-driven workflows can help prevent errors and limit overspending. Ramp is designed for teams of any size and can link to accounting systems, with customization options for specific business needs.
Another good option is Brex, an AI-powered spend management platform that offers corporate cards with built-in controls, automated expense management and global travel booking. Brex lets finance teams set budgets, set spend limits and monitor expenses in real-time, automating manual work and ensuring compliance. It integrates with several ERP systems and offers a range of pricing options for different business needs, including cash back rewards and up to $6M in FDIC insurance.
For a cloud-based option, check out Coupa. The company's platform automates operations across procurement, supply chain, finance and IT with AI-driven automation. Coupa helps businesses increase efficiency and get a better view of global cash position, automate processes and drive high adoption and on-contract spend. It offers a single platform for managing direct and indirect spend, with the goal of transforming operations and improving performance and profitability.
Workday offers a broader Enterprise Management Cloud, with applications for finance, HR, planning, spend management and analytics. It includes features like Workday Adaptive Planning and embedded AI for better decision-making. Workday automates and analyzes finance processes, runs operations more efficiently and helps companies respond to change, making it a good option for companies of all sizes and types.