Abacus

Abacus

Last Updated Nov 21, 2024

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%

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Starting Price
Custom

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

Frequently Asked Questions

Yes, Abacus offers an API.

Abacus primarily supports the English language.

Abacus integrates with a variety of other apps, including popular accounting software like QuickBooks, Xero Accounting Solution, and ERP platforms like NetSuite.

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.

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.

Abacus provides a high level of customer support, including 24/7 chat option, email support, phone support, and access to a knowledge base.