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Abacus

Abacus

Abacus

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.

Abacus Specifications

Financial Reporting

Invoice Management

Expense Tracking

Tax Management

View All Specifications

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

Overall Rating

4.4

9 Review(s)

Rating Distribution

5

star

(6)

4

star

(1)

3

star

(2)

2

star

1

star

October 2019

Expense tracking

Mal

Stealth Startup

Ease of use

10

Value for money

8

Customer Support

9

Functionality

8

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.

March 2019

Great expense management system

Anonymous

Not Specified

Ease of use

8

Value for money

9

Customer Support

9

Functionality

8

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.

February 2019

Great features

William

SubREADY, Inc.

Ease of use

7

Value for money

9

Customer Support

8

Functionality

9

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.

View All 9 Reviews

Frequently Asked Questions

Yes, Abacus offers an API.