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A real-time expense management platform that streamlines corporate spending, reimbursement, and financial reporting.
Automates employee expense submissions and approval workflows Provides real-time visibility into company-wide spending and budgets Facilitates instant reimbursement via direct deposit to employee accounts Syncs transaction data automatically with major accounting and ERP software Includes corporate card management and automated reconciliation features
Reduces the time spent on manual data entry and expense reporting significantly Provides granular real-time data for accurate financial forecasting and budgeting Ensures policy compliance by flagging out-of-policy expenses during submission Streamlines reimbursement cycles, improving employee satisfaction and cash flow transparency Eliminates the complexity of paper-based receipts through mobile receipt capture
Category: Business & Operations
Team Size: 200-500
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Abacus is a comprehensive expense management software designed to replace legacy manual processes with a streamlined, real-time platform. By digitizing corporate spend, enabling fast employee reimbursements, and integrating directly with accounting systems like QuickBooks and Xero, Abacus helps finance teams achieve greater visibility into company spending while reducing administrative overhead.
Abacus was founded in 2013 in New York City by Omar Qari, Ted Chan, and Josh Halickman. The founders identified a major pain point in the slow, manual, and often frustrating process of corporate expense management. They built Abacus to create a modern, agile system that empowers employees while giving finance leaders the real-time data they need to manage the business effectively. Abacus was later acquired by Certify/Emburse.
