Ramp's shared funds feature enables administrators and bookkeepers to create funds that multiple employees can access via their own Ramp cards, facilitating shared budgeting across teams or projects without sharing card details. Employees can request shared funds by selecting spend programs or general expenses with sharing enabled, toggling sharing options during the request flow. Shared funds are used for managing departmental budgets, events, software purchases, executive assistant spending, and office expenses. Users can view spending activity on shared funds, with admins having detailed transaction access and employees seeing summarized activity. Admins can issue shared funds by specifying fund owners and enabling sharing settings during fund creation.
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