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Finance Automation Platform Ramp, Employee Manager Rippling Team on Employee Spend, Cards

Ramp, which is a corporate card and finance automation platform, is partnering with employee management platform Rippling to streamline onboarding and improve employee spend, according to a press release.

The partnership will also endeavor to boost the automation of finance options, the release stated.

“In the past year, we’ve seen more and more companies abandon their legacy HR and finance solutions for modern alternatives like Rippling and Ramp,” said Rippling Co-Founder and CEO Parker Conrad in the release. “HR and finance are deeply intertwined, so it made sense to integrate Rippling and Ramp so that customers can issue and manage their cards through Rippling and automatically manage employee permissions and spending privileges based on their role.”

Ramp CEO Eric Glymer said in the release that the company has had many overlapping customers with Rippling since Ramp’s rollout in 2019. Because of that, the partnership made sense.

The integration will make it so Ramp cards can be issued automatically as a part of employee onboarding, according to the release. Employees can request new cards in Rippling and will be able to lock or terminate the cards, make changes to the organization structure reflected in Ramp, and get access to various spending habits and reports.

In other Rippling news, the company raised $145 million in a Series B funding round in August 2020.

Read more: For SMBs, the Pressure’s on to Embrace Payroll Flexibility

Rippling Chief Financial Officer Adil Syed spoke to PYMNTS at the time, saying the pandemic could cause severe changes to the payments landscape. He said there would be a need to continue supporting small- to medium-sized businesses (SMBs) still reeling from the effects of the pandemic.

Syed said it was also important that businesses get ready to adapt to change, such as a greater number of workers who will want to work from home. He said employers should be “flexible and adapting” if they want to come out of the turmoil in a better state.

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