Concur vs Ramp: What are the differences?

Introduction

Concur and Ramp are two popular expense management solutions that offer different features and functionalities to help businesses manage their expenses effectively. Below are the key differences between Concur and Ramp.

1. Pricing Model: Concur follows a tiered pricing model, where the cost varies based on the size and requirements of the organization. On the other hand, Ramp offers a flat monthly fee per user, which includes all the features and services.

2. Card Integration: Concur offers integrations with various corporate card providers, allowing users to automatically import card transactions into the system. Ramp, on the other hand, provides its own corporate card with advanced features like real-time spending alerts and automated receipt capture.

3. Real-time Expense Tracking: Ramp provides real-time expense tracking, allowing users to see their transactions instantly within the platform. Concur, on the other hand, may have a slight delay in reflecting the transactions as it depends on the card provider's data feed.

4. Savings Insights: Ramp provides AI-powered savings insights, analyzing expenses to identify areas where businesses can save money. Concur, on the other hand, does not offer such advanced insights and analytics on expense data.

5. Expense Reimbursements: Concur offers the capability to manage and process expense reimbursements for employees, allowing them to submit and track their expenses easily. Ramp, however, does not provide this functionality as it primarily focuses on corporate card integration and expense tracking.

6. Expense Approval Workflow: Concur offers a flexible and customizable expense approval workflow, allowing businesses to define multiple levels of approvers and automate the approval process. Ramp, on the other hand, has a simpler approval workflow that may not be as customizable as Concur.

In summary, Concur offers more extensive features like expense reimbursements and customizable approval workflows, while Ramp focuses on providing real-time expense tracking, savings insights, and its own corporate card. The pricing models also differ, with Concur having a tiered pricing structure and Ramp offering a flat monthly fee per user.