Course! We're happy customers back from the Divvy days 🙏 excited for what you're building!

Awe! This means a lot-so glad we kept your attention because we know this is not everyone's favorite topic by any means 😅 Also was hesitant about the bloopers, but we're glad we did them, appreciate the validation there 🙌 appreciate you!

Oh no way! Yeah the main perk of these tools are the virtual cards! Glad this could help 🙌 That said, have you considered switching from Brex to BILL Spend & Expense or Ramp? The best time to switch to the better solution is just before you start spinning up hundreds of virtual cards hahaha Here's a direct comparison of the two: efficient.app/compare/bill-vs-ramp

@@efficientapp Fair point 🤣 I haven’t considered it but you guys got me thinking about it now. After this video ramp grabbed my attention more. I’ll check out the direct comparison video as well! Thx! 🙏

Hahaha yeah exactly, that's great! Yeah, we'd probably recommend Ramp based on what you described, so long as you keep at least $70K in your business bank account or more at all times. Be sure to use this link to sign up as it lets them know we sent you and will lock you into exclusive deals on our site in the future: efficient.link/r/ramp

Super appreciate it! Curious if you're using BILL S&E or Ramp (or something else?)

@@efficientapp No, I had never heard of them! It seems like it could be super useful though, and I will probably look into it!

Awesome to hear! Definitely be sure to use our link if you do sign up as it'll lock you in to any future course content/deals we release: BILL S&E: efficient.link/r/bill Ramp: efficient.link/r/ramp We're trying to figure out how to give the best perks to people by using our link to sign up 🙏

Thanks Darin! This is one of just a few tools that we couldn't live without in our business 🙏

Awe, so glad to hear! Did you end up moving forward with either BILL or Ramp? efficient.link/r/bill efficient.link/r/ramp

Haha appreciate your message and can totally understand! So BILL definitely isn't unnecessary as I'm sure you're essentially using a credit card to make purchases and then match those purchases with receipts, no? That's the core thing that BILL will do for you, and in the future, if you ever decide to scale and bring on others (or to put in place accounting software), then you get a one-click sync to that (future you will be appreciative). I for example used BILL S&E as a solo business owner to do just as you're describing for 5+ years, only recently have I actually started adding on team members. At the end of the day, it's totally free and will solve the problem, and be there if you happen to scale, or just help you in your current state, so what's the downside? Have seen many businesses like yours using it-wouldn't say unnecessary at all, if that makes sense? It's free to sign up if you visit the link here: efficient.link/r/bill - so just give it a shot and see how it works for ya! 👌

Bahahaha okay yeah, Alex officially needs to stop wearing his Asana shirts and we need Efficient App swag 😁 we'll be sure to send you one when we do!

Ah in that case if you have far more than $75K in your business checking/savings and you're an SMB, I'd actually opt for efficient.link/r/ramp - and congrats for having great cashflow 👏👏👏

So just as a quick follow up to that question- is there a specific reason you lean toward Ramp- better tracking? What I am frustrated with is my CPA has an accountant that does the books.. But actually she really doesn’t - and I don’t get the quarterly reports that I have been asking for.. I have QB to integrate into and looking to see if this would be a benefit- so as far as the Virtual CC are they then running credit reports to it impacts our credit score

If you're a small business and worried about credit score (I'm pretty sure neither BILL nor Ramp run your credit score, we signed up for both and didn't get our credit score pulled, they just require you connect your business bank account for them to see the balance). In general, Ramp just has a bit more backing from the VC world and is a bit further along than BILL S&E, although they are definitely focused on more larger business features and automation functionality. For example, if you're spending a lot on software (e.g. larger business) they have some data and negotiation functionality, but that's if you're spending over say $10K on a specific SaaS tool. It's more that if you're an SMB, BILL Spend & Expense's product is going to be more geared toward your needs. If you're a growing business and expect to have more admin and expense complexity with larger teams, Ramp is building workflows for that. You genuinely can't go wrong with either, it's just if you don't value the larger business features that Ramp is building, then go with BILL. I'm saying that if we were to be starting out today and able to use Ramp OR BILL S&E, we'd personally go with Ramp assuming we will continually have the $75K bank minimum.

Thanks for that update- I just know what a scam the CC scores can be and the minute someone does an inquiry they hammer you.. just was curious if you knew

Ah, got it. Yeah BILL and Ramp are both business credit card solutions, if you have a proper business with an EIN number, there's no credit score that's pulled that I'm aware of. That's why Ramp has minimum requirements. With a business, there are other ways to see qualifications outside of an individual's credit score.

It does have full expense management so it should have that, (I'm referring to efficient.link/r/bill at least).

You have a business correct? If so, you shouldn't need a credit score if you try efficient.link/r/bill I'm 99% sure they didn't do a personal credit pull when we applied, it was through the business only, no credit score required.

So interesting! Why Art Auctioning specifically? Tell me more 👀👀

@@efficientapp lots of innovation in the space to help both artists/collectors and buyers to manage Art investment and Assets

Would that make sense for expense management though? Sounds more like a CRM could be of help there? For example: efficient.yt/crm

I mean their only role would be to reconcile the books, but that's really just ensuring everything equals 0. We have a bookkeeper now, well Gelt: efficient.link/r/gelt but I reconciled my own books because BILL Spend & Expense made things so seamless for years. Depends on your other needs and such, though for some companies, there's more to book keeping than expense matching. But yeah, for many it should serve as a replacement on 80% of things. What type of business do you have and what is the current complexity of your books/reconciling and how are you currently doing things? TBH receipt matching is a low value use for a book keeper.

Hahaha so true, aren't you supposed to punch upward? I guess the problem is if Brex ran ads against how it's better than Ramp or BILL Spend & Expense, it would just be too comedic, so Expensify gets the bullying 🙈

Thanks for the kind words! We're all set though 👌

Correct! While BILL Spend & Expense doesn’t have any bank minimum requirements. Which did you decide on? 👀

Actually went down to 50k now for Ramp, making it easier

Oh wow, that's great to hear! That said, with $50K in your bank, how large of a credit limit are they giving you? Something like $5K/mo? Love Ramp, but we did get a larger credit limit with BILL S&E: efficient.link/r/bill Actually talking with Ramp's team now and they said maybe we can send over our tax returns/accounting docs and they'd maybe raise our limit higher, so experimenting what that might look like. You should be able to expect a credit limit of somewhere around 10% of what you have in your bank though with Ramp. With BILL we're more like 20-30%.

@@efficientapp with Ramp it’s currently 10-30% of what the business has in the bank so in the best case for someone that has $50k in the bank, it would be a limit of $15k. Happy to connect with you or anyone about Ramp!

We aren't either! Used it for 4-5 years and so happy to be done with it 😅 so what are you using now/what did you go with?