Last Updated
Overview
Abacus simplifies travel and expense reporting for businesses of all sizes. With user-friendly interfaces and seamless integration, it streamlines expense tracking and approval processes. Despite slow upgrades for the mobile app, Abacus offers powerful insights, making it a valuable asset for efficient expense management.
Overall Rating
Based on 9 users reviews
4.4
Rating Distribution
Positive
78%
Neutral
22%
Negative
0%
Starting Price
Custom
Abacus Specifications
- Financial Reporting
- Invoice Management
- Expense Tracking
- Tax Management
What is Abacus?
Overview
Abacus is a modern cloud-based Travel & Expense reporting software for individuals and SME businesses to track and manage their expenses, book travels and pay back employees. Abacus simplifies and streamlines the process of expense reporting workflows that offer utmost transparency and accuracy. All the expenses as they happen are submitted by the employees via a mobile app. Policy compliance is enforced by custom automation on all expenses which are then routed to designated approvers.
Key functions include corporate card dashboard, accrual accounting sync, dynamic analytics and reporting, travel booking platform, and direct deposit reimbursements using a built-in ACH processor. The Insights dashboard presents spending trends and allows finance teams to track metrics like ROI and Customer Acquisition Cost.
Live reporting feature enables finance teams to review expenses as they happen, by each project, department, employee, client, location and other fields. Abacus syncs with accounting solutions like NetSuite and Intacct, and integrates with productivity tools like Slack, Salesforce, and HR systems.
Pricing: The starter pack comes for $9/user/month while the pricing for professional packages are provided by the vendor upon quote.
USP: Unlimited features for a hands-on T&E management experience. Easy reporting, quick reimbursement. 100% transparency.
Support: Support is provided via email.
Product Advantages: Great value for money. Highly intuitive. Helpful support staff.
Product Limitations: Slight learning curve. No tutorial or educational videos to teach staff about how the system works.
Pros And Cons of Abacus
Pros
Offers real-time tracking and reporting of expenses
User interface is comprehensive and easy-to-use
Automates the enforcement of expense policies, minimizing errors in expense reporting
Mobile and web apps integrate in a seamless manner
Cons
Implementation time may take longer than expected
Recurring expense templates lack customization, according to some software users
Abacus Reviews
Total 9 reviews
4.4
All reviews are from verified customers
Rating Distribution
5
Stars67%
4
Stars11%
3
Stars22%
2
Stars0%
1
Stars0%
Share your experience
Stealth Startup , 1-10 employees
“Expense tracking”
Pros
The tool provides us an easy payment gateway with a comprehensive user-friendly interface. Submitting receipts and reimbursements are made with very little effort. You can easily add images to receipt pdfs using the drag&drop feature.
Cons
Its hard to have a timeline of when costs will be approved since that depends on the administrator or manager manually saying yes to them (at least in our case). But, once funds are approved its pretty quickly deposited into your bank account.
Rating Distribution
Ease of use
10
Value for money
8
Customer Support
9
Functionality
8
Not Specified, 101-500 employees
“Great expense management system”
Pros
Abacus offers a user-friendly expense tracking software. Quick and easy to categorize expenses appropriately.
Cons
We havent encountered any issues with the system.
Rating Distribution
Ease of use
8
Value for money
9
Customer Support
9
Functionality
8
SubREADY, Inc. , 51-100 employees
“Great features”
Pros
Abacus has proved to be very beneficial for our business. It has saved us a lot of time and effort with its easy expense tracking tools, submitting and approving bills with minimal effort in a streamlined manner to keep the work flowing throughout the day.
Cons
I dont think there are any real cons to this software other than maybe a slightly dated user interface design.
Rating Distribution
Ease of use
7
Value for money
9
Customer Support
8
Functionality
9
Frequently Asked Questions
Does Abacus offer an API?
Yes, Abacus offers an API.
What language does Abacus support?
Abacus primarily supports the English language.
What other apps does Abacus integrate with?
Abacus integrates with a variety of other apps, including popular accounting software like QuickBooks, Xero Accounting Solution, and ERP platforms like NetSuite.
What types of pricing plans does Abacus offer?
Abacus offers pricing plans that are customized based on the specific needs of a business. Get in touch with us to get a personalized Abacus pricing quote.
Who are the typical users of Abacus?
The typical users of Abacus include small to large-sized businesses across various industries that need to manage and streamline their expense reporting and reimbursement processes.
What level of support does Abacus offer?
Abacus provides a high level of customer support, including 24/7 chat option, email support, phone support, and access to a knowledge base.