Ramp allows finance teams to allocate budgets to employees or groups through virtual or physical cards with various timing options. Examples include one-time allocations (e.g., a $500 single-use fund for onboarding desk expenses), recurring daily allocations (e.g., $15 per day for food and entertainment), recurring monthly allocations (e.g., $100 per month for wellness expenses), and recurring annual allocations (e.g., $1000 per year for education). These allocations enable led spending within defined categories and help companies manage budgets effectively by issuing funds aligned with employee roles and expense types.
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