Automatically extracts data from receipts and invoices using computer vision and OCR technology. Users can simply take photos of receipts or forward email receipts, and the system populates all relevant fields.
Automatically categorizes expenses based on transaction details, merchant information, and historical patterns. Reduces manual categorization work and ensures consistency across the organization.
Automatically flags expenses that violate company policies, such as overspending, out-of-policy purchases, or missing documentation. Provides real-time feedback to employees during submission.
Provides dashboards and reports showing spending trends, budget vs. actual comparisons, and financial health metrics. Updates in real-time as transactions are processed.
Automatically syncs categorized and approved expenses to popular accounting platforms like QuickBooks, Xero, and NetSuite. Maintains data integrity and reduces manual data entry errors.
Offers a fully-featured mobile app that allows users to submit expenses, capture receipts, and get approvals from anywhere. Works offline and syncs when connectivity is restored.
Small business owners use Abacus to automate expense tracking and receipt management without needing dedicated accounting staff. The AI categorizes business expenses, tracks mileage, and prepares tax-ready reports. This saves hours of manual work each month and ensures accurate financial records for tax season while providing clear visibility into business spending patterns.
Large organizations implement Abacus to enforce travel policies and streamline expense reporting across departments. The system automatically flags policy violations, routes expenses through multi-level approvals, and integrates with corporate card programs. This reduces compliance risks, speeds up reimbursement cycles, and provides centralized visibility into corporate spending while maintaining policy adherence.
Accounting firms use Abacus to manage expenses for multiple clients through a single platform. They can set up different policies for each client, automate data entry into various accounting systems, and provide clients with self-service expense reporting. This increases firm efficiency, reduces errors in client books, and allows accountants to focus on higher-value advisory services rather than data entry.
Consulting firms and agencies use Abacus to track expenses against specific projects or clients. The AI automatically assigns expenses to correct projects based on rules and context, and provides real-time budget tracking. This ensures accurate client billing, prevents cost overruns, and simplifies project accounting without manual allocation work.
Nonprofit organizations use Abacus to track expenses against specific grants and funding sources. The system automatically categorizes expenses by grant, ensures compliance with funder restrictions, and generates required reports. This simplifies grant management, ensures compliance with funding requirements, and reduces administrative overhead for nonprofit finance teams.
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