Abacus

About Abacus

When it comes to real-time expense management, Abacus is one of the most frequently pronounced names in the industry. Abacus uses data and behavioural analytics to create expense reports and helps you to automate the entire reimbursement process. It offers real-time monitoring of all the expenses being made by the employees. This proves to be a helping hand in implementing the company’s policy and keeping the users in compliance with it. The expenses can be analysed side by side with the budget in order to keep them in check. Abacus uses artificial intelligence to separate out expenses that violate the company’s policy, exceeding the budget limit and are potentially fraudulent in nature. This makes the approval process much easier than one can expect. The expenses are drafted using receipts that can be uploaded right from the application. Apart from this, it also integrates credit cards and tracks all the relevant transactions being made using it.

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Pricing

Free Trial Available
Starts at $9.00. Offers Custom plan.
View Detailed Pricing

Platforms Supported

Not available

Organization Types Supported

Not available

API Support

Modes of Support

Not available

Abacus Features

Show Feature Explanation

Show Missing Features

Expense Management Features

Card Spending Tracker

Automatically tracks the expense done using a linked debit or credit card.

Multi-level Approval

A sequential and thorough review process to approve expenses.

Reconciliation Summary

A statement prepared to report total outstanding payments and receipts.

Bank Feed Sync

Can sync with bank notification and fetch expenses to make entries in the record book.

Receipt Scanner

OCR (Optical Character Recognition) tool to scan and upload a paper receipt to make entries on the go.

Receipt Management

Store and manage receipts of the expenses incurred by the employees.

Multiple Reporting Currency

Reports entries from different origin currencies in the native exchange rate.

Spend Control

To reduce spending and prevent unauthorized use by setting transactional control.

Reimbursement Management

Helps in managing employee expenses claims and regularize the approval process.

Expense Approval

Managers can review and approve expense reports. Expenses not in compliance are automatically flagged or rejected.

Third-party Integration

Offers synchronization with third-party applications

Mileage Tracking

Facilitates tracking mileage automatically and stop recording when a location is reached & it can produce IRS compliant reports

Tax Claim

Helps with tax reclaim on expenses and maximizes the tax benefit of the organization.

Time & Expense Tracking

Time and Expense is the process of recording and tracking hours worked and expenses as they relate to projects

Abacus Pricing

Free Trial

Available

Pricing Options

Premium Plans ( Subscription / Quotation Based )

Pricing Plans

Starter $9.00 $9.00 per user / month

Features

Direct deposit reimbursements
Automated expense policy controls
Unlimited custom fields
Corporate card reconciliation dashboard
Multi-currency conversion
Mileage tracking
Basic accounting (Xero, QBO, QBD), productivity, and travel integrations
Unlimited data storage and export
Detailed audit trail
Access to Abacus Knowledgebase
Email support

Professional Custom

Features

All Starter Plan Features
Programmable approval routing
Advanced accounting and ERP integrations (NetSuite, Intacct)
Accrual accounting sync
Commercial card integration (Amex, Visa, Mastercard) and reconciliation dashboard
Dedicated Customer Success Manager
Email, phone, and live chat support*
*during support hours
Comprehensive account implementation and employee training package
Company branded portal and notifications

Enterprise Custom

Features

All Professional Plan Features
Connected orgs
CRM integration (Salesforce)
SAML-based single sign-on (SSO)
REST API access
In-person setup and training package available

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Disclaimer: The pricing details were last updated on 20/09/2019 from the vendor website and may be different from actual. Please confirm with the vendor website before purchasing.

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Abacus Reviews

User Rating

4.5/5 (Based on 342 Ratings)

Rating Distribution

Excellent
61.7%
Very Good
27.8%
Average
9.6%
Poor
0.3%
Terrible
0.6%

User Sentiments

Easy to use Interface, Fast Reimbursements, Mobile App Functionality, Seamless Expense Tracking

Occasional Bugs, Limited Receipt Upload Options, Customer Support Issues, Lack of Advanced Features

Do You Use Abacus?

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Review Summary

Many users find Abacus straightforward and easy to use, praising its intuitive interface and user-friendly design. However, some reviewers express dissatisfaction with its limited reporting capabilities, lack of integration with other systems, and occasional glitches or bugs. While Abacus is lauded for its strong data security and customer support, there are concerns regarding its pricing structure, with some users feeling it is overpriced or lacks flexibility. Overall, while Abacus is generally well-received for its ease of use and security, it could benefit from expanded reporting features, improved integration options, and a more competitive pricing strategy.

Pros

Robust accounting system with comprehensive features for financial management.
Streamlined invoice processing and inventory management tools.
Userfriendly interface and intuitive navigation for seamless operation.

Cons

Steep learning curve for new users, requiring time and effort to master its functionalities.
Limited customization options, making it less adaptable to specific business needs.
Occasional reports of technical glitches and stability issues.

Abacus Reviews

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