Usability is one of the key selling points of Abacus, making it a very good fit for small or very small businesses with little prior experience of expense tracking software. For an extra level of oversight, an accountant can be linked to the software for free. Taken together, Abacus is an excellent tool for admins who want to keep tight control of company spending. It also links to thousands of financial institutions, and admins can manage multiple corporate card accounts from a single dashboard. From that information, reports can be produced on spending by employee, department, vendor and so on, helping companies keep a firm grip on the what, where and who of expense spending.Ībacus lets admins and users sync personal and company credit cards and automatically downloads transactions. In theory, users can speed from receipt capture to reimbursement in just 48 hours.Īlthough users send in receipts rather than expense reports, Abacus helps out the finance department by organizing submitted expenses by category, client, project or another criteria. For the same reason, approvers can green light reimbursement as soon as they’ve signed off a compliant expense. Rules and workflows are designed to push expenses through the process in the shortest possible time. That’s useful, because again it stops time being wasted chasing approvals.Ībacus has really been built for speed. Expenses can be routed along different paths according to custom rules based on, for example, amount, user, category or client. That saves time for both users and approvers, stopping the back and forth of explanatory emails.Ībacus lets you establish different approval workflows for different circumstances. We found the blocking rules to be especially useful, because they stop users submitting an expense that violates policy or is short on essential detail. Warnings can be set that alert users when a rule is close to being violated. Rules can be created around receipts, daily spending limits, category spending and so on. Those policies are created during initial setup, though admins can change them at any time. Expenses land in an approver’s inbox, but Abacus will flag any that violate company policies. For most users, this will be quite enough, but some solutions offer wider functionality in their mobile incarnations.Īdministrators, managers and other approvers get everything they need with Abacus. And the Android mobile app, though very easy and intuitive to use, is in effect little more than a way to capture and submit receipts. Abacus can track mileage, for example, but you have to input miles driven manually, rather than having the mobile app calculate them for you using Google Maps and GPS. Nevertheless, the user experience is not quite as comprehensive as that of rivals like Certify. dollars, using the conversion rate on the day of the transaction. For those travelling abroad for business, Abacus supports multi-currency, and will automatically convert any foreign expense into U.S. Creating expense reports just gets in the way.įor users, then, Abacus is a very solid solution. Let’s face it, what users want most of all is quick and easy reimbursement for money spent on company business. For users, the nice thing is that you can simply submit the receipt, without having to attach it to an expense report. Submitting expenses with Abacus is certainly quick and largely painless.
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