Abacus provides a way for businesses to reimburse their employees for company expenses, reconcile corporate cards, and implement expense policy.
FOCUS
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:
Viewable by subscribers only
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.