Abacus provides a way for businesses to reimburse their employees for company expenses, reconcile corporate cards, and implement expense policy.

PRODUCTS & SERVICES

Real-time based employee expense management tool for employers. Abacus: It is a mobile application that allows employees to submit photo scanned receipts and approved expenses which automatically send the reimbursements to employees. Abacus syncs with the accounting software and auto-matches transactions for hassle-free bookkeeping. It helps employers to make faster reimbursements to their employees.

REVENUE MODEL

The company offers two types of pricing plans for business; Starter plan: It charges $9 per month per active user(team size is less than 50 people). Professional plan: It is customized pricing and for teams with higher expense volumes each month.

MAIN CLIENTS

It has around 100 customers includes Homejoy

Pinterest

URX

Foursquare

Coinbase

Betterment

etc.

EXISTING PARTNERSHIPS

Accounting partners: Xero

Intuit

Netsuite

Sage

Intacct

Dynamics

Oracle and Quickbooks. Integration partners: Zapier

Lever

Slack

Salesforce and Zenefits.

COMMENT

Abacus leverages real-time data to generate strategic insights and provide visualized information reports. It also syncs with over 16,000 financial institutions to manage all company cards from a single dashboard.