Abacus is a real time expense reporting solution that automates expense creation and approvals. It is the easiest way for you to reimburse your team, reconcile corporate credit cards, and implement your expense policy.
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.
PRODUCTS / SERVICES:
“We don’t have time for inefficiencies, so anything that helps me focus on the important moving pieces and reduces noise is critical. Abacus helps me do that by letting me quickly review standard expenses within budget and flagging which are out of the ordinary that I need to dig into deeper.”
- Daniel Kan, Chief Operating Officer at Cruise
“Abacus fulfills two requirements that help us make our expense reporting more efficient - a simple interface that helps our employees submit accurate expenses in real time, and powerful rule-based automation that we can customize to our policy so expenses are auto-approved or sent to the best person to review and approve.”
- Daniel Niccum, CFO, North American Substation Services