Product Information
What is Abacus?
Abacus is a powerful web and mobile application designed to streamline employee expense management and reimbursements. Leveraging advancements in mobile and banking technology, it eliminates the need for submitting expense reports and processes payments much faster than traditional methods.
With Abacus, employees can file expenses by using the app or logging in via the website. It takes less than a minute to snap a photo of a receipt and submit it for approval and reimbursement. Abacus captures all necessary expense-related details, such as category, tags, vendor, and more, making the process more flexible for everyone involved.
Once users link their bank accounts to Abacus, payments are securely processed through the app. Upon expense approval, the software facilitates "instant reimbursement" to employees, typically settling payments within 1-2 business days. All communication flows through the system, giving administrators better visibility and control over company expenses.
Administrators can also generate spending reports by filtering expenditures based on various parameters, such as employee, vendor, category, location, or project. We particularly appreciate its seamless integration with popular accounting software like QuickBooks or Xero, ensuring accountants always have up-to-date information without manual data entry.
Additional features in the system include policy controls and the option to link corporate or personal cards. Abacus pricing is based on the number of active users. We highly recommend it to small and medium-sized businesses seeking a seamless platform to track expenses and reimburse employees efficiently.
How to use Abacus?
Abacus is a powerful web and mobile application designed to help businesses manage employee expenses and reimbursements, streamlining the submission process and speeding up reimbursement payments to improve efficiency and transparency.
Core Functions of Abacus
Expense Tracking, Slack Integration
Usage Scenarios of Abacus
- Employees submit receipts for reimbursement by taking photos via mobile apps or websites when expenses occur.
- Administrators approve employee-submitted expenses and gain visibility and control over company spending.
- Employees quickly receive reimbursements through the system after expenses are approved.
- Administrators create expense reports based on parameters like employees, suppliers, categories, locations, and projects.
- Accountants sync expense data with accounting software like QuickBooks or Xero to avoid manual entries.
- Small and medium-sized companies seamlessly track employee expenses and process reimbursements.
Common Questions about Abacus
What does Abacus do?
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What are the core features of Abacus?
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