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Abacus

Name: Abacus
Rating: 4.5 (2 reviews)

By Abacus Labs, Inc.

1438 Interested

Highlights : About Abacus

Create detailed reports to track spending

Detailed audit trail of each expense

In-App communication

Automatically enforce your expense policy

Rules-based expense routing for approval

Link corporate and personal credit cards

About Abacus

Abacus is a cloud-based T&E solution that offers midsize teams a highly efficient way to track and control expenses, reimburse employees, and book travel. Employees use a mobile app to submit expenses right when they happen. Custom automation enforces policy compliance on each expense and routes them to specific approvers. Instead of reviewing traditional expense reports, Finance teams use real-time Live Reports to review expenses by employee, project, client, or any other efficient view. The Insights dashboard surfaces spending trends and lets finance teams track metrics like ROI and Customer Acquisition Cost.

Specifications

Business Size

Startup

Deployments

Cloud

Language Support

English

Platforms

Product Details

Features

Continuously sync transactions to your accounting software

Manage and Track expenses against your chart of accounts

Create detailed reports to track spending

Detailed audit trail of each expense

In-App communication

Automatically enforce your expense policy

Rules-based expense routing for approval

Link corporate and personal credit cards

Dynamic Expense Reporting & Search

Import your chart of accounts, team and custom fields

Auto-Match Categories

Automatic ACH payments for Next-day reimbursement

Real-time expense submission and approval

Mobile apps for iOS and Android

Track any currency with realtime conversion rates

Track expenses by projects, clients and jobs

Use software roles for levels of approval

Advanced Rules & Policy Controls

Snap photos of receipts for fast expensing

Policy exceptions & duplicates separated for easy detection

Automatically find duplicate expenses

Continuously sync expenses directly into your ERP solution

Reconcile corporate cards from a single dashboard

Easily import and export your expense data

Create custom expense and team fields to tag expenses

Submit requests for reimbursements in real time

Automatically reimburse employees to their bank account

Send individual expenses to the best suited approver

Automatically match expense vendors to categories

Reimburse employees through direct deposit

Abacus automatically fills out expenses for employees

Tag expenses with custom data for deeper reporting

Benefits

Capture accurate expense data from employees

Abacus drafts expenses using reliable data sources such as receipts, card transactions, past behavior, CRM fields, and geolocation to ensure records are complete and accurate.

Automate your expense policy and approval hierarchy

Policy rules are applied before expenses can be submitted in order to reduce violations. Routing rules then automatically send the expense to the best suited approver.

Fast reimbursements with direct deposit

Once an expense is approved, Abacus handles the reimbursement and direct deposits into the employee's bank account.

Continuous accounting sync

Sync expenses into your accounting software using either cash or accrual method as they are approved so that your books are always up-to-date.

Instant visibility into spending and budgets

Build custom analysis reports with real time data to help you identify trends and manage budgets.

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