Abacus Software


 

Abacus is a web and mobile application that helps manage employee expenses and reimbursements. Employees can file expenses as they incur them by using either the app or by logging in through the website. Abacus records all the necessary information related to the expense, such as category, tag, vendor, etc.

Once users have connected their bank account to Abacus, payments are processed securely through the app. As soon as an expense is approved, the software facilitates reimbursement back to the employee so they’re usually paid back within one to two business days. 

Administrators are also able to create spend reports after the fact by filtering expenses on different parameters such as employee, vendor, category, location and project. The solution also syncs with accounting solutions like Quickbooks or Xero so accountants always have the most up-to-date information and don’t have to manually record charges.

Other features include policy controls and corporate or personal card linking. Abacus is priced based on the number of active users. It is suited for small to midsized companies who need a platform for tracking expenses and reimbursing employees.

 

Abacus  - Bulk actions and expenses
 
  • Abacus  - Bulk actions and expenses
    Bulk actions and expenses
  • Abacus  - Organization controls
    Organization controls
  • Abacus  - Smart search
    Smart search
  • Abacus  - Expense details
    Expense details
  • Abacus  - View expenses
    View expenses
  • Abacus  - Camera-captured receipts.
    Camera-captured receipts.
Supported Operating System(s):
Mac OS, Web browser (OS agnostic), Windows 8

20 Reviews of Abacus

 
Software Advice Reviews (10)
More Reviews (10)

Showing 1-10 of 10

from Law Firm of Tina R Mills, LLC
Specialty: Legal
Number of employees: 2-10 employees Employees number: 2-10 employees

Great For large Firms

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This is a great system for large firms. It will handle everything you will need to do. You can cover all needs of the firm with this product.

 
 

from SIGNiX Inc.
Specialty: IT Services

Abacus Review

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Likes Best

Very easy to use, very easy to teach employees to use

Likes Least

Unable to customize export file before downloading to CSV. Not a big deal, but it would be a nice feature to have.

Recommendations

Comparing price and features, Abacus definitely came in at the top for us, and they have been a really great choice.

 
 

from PerformLine
Specialty: Marketing Services

Excellent and most user friendly Expense Reimbursement platform.

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Likes Best

Simplicity and ease of use along with the timeliness of payments.

Likes Least

There is nothing that I would change about this platform.

Recommendations

I have used other platforms that are way complicated with too many bells and whistles that make the whole user experience too complicated.

 
 

from PerformLine
Specialty: Marketing Services

Abacus Review

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Likes Best

It is very easy to use and straightforward. Also enjoy the design of the interface and its aesthetically pleasing appearance.

Likes Least

Really nothing. It does everything I need it to, easily. Maybe make the charts section a little more detailed. Looks pretty basic.

Recommendations

Follow the directions and click around a bit before submitting a support ticket.

 
 

from Hearst
Specialty: IT Services

It has been a very useful product thus far.

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Likes Best

The software does the basics quit well. For instance, the use of the calendar is easy, as well as inputting new cases is simple. (also enjoy how it ties to your phone) Also like the opportunity to import templates from Microsoft Word.

Likes Least

There needs to be a longer character limit while writing in the cases. There needs to be better saving options while saving Microsoft and any pds. They are limited.

Recommendations

Take advantage of the technical support. It is very helpful and reliable.

 
 

from FaithActs for Education
Specialty: Other Services

Perfect fit for our small, fast-paced organization

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Likes Best

Abacus is very easy to use, and gets money back into our employees' bank accounts as quickly as possible. We knew we didn't want to keep folks waiting up to a month for their reimbursements, and Abacus has just blown us away. We've gotten expenses submitted and approved in 30 seconds, with direct deposits initiated that night. Each transaction also has the documentation we need for our annual audit since we're a nonprofit. It syncs perfectly with our accounting software (Xero) and our chart of accounts.

Likes Least

There's absolutely nothing I don't like! I was expecting customer service to be less-than-great, since I work for a small nonprofit organization (read: low revenue for developers) but it's been exceptional.

Recommendations

We chose Abacus because it does away with the concept of monthly expense reporting, and prioritizes getting money back to our employees as quickly and easily as possible. Other companies might have different priorities to consider, or might need that structure of a monthly report.

 
 

from PerformLine, Inc.
Specialty: Other Services

Work expensing with ease!

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Likes Best

It's extremely easy to use. The design is clean and neat, and it goes right to my CFO for fast approval of the items I expense for work.

Likes Least

I use an iPhone 5S, and for some reason, the little red circle with a 1 on it is always on the app on my home screen. I usually like to have all notifications cleared as they come in, and I can't figure out what the red bubble is for.

Recommendations

Make sure your CFO or whoever takes care of financials for your company is on top of things. When my CFO approves expenses right away, the money is in my bank the next day. If it sits over the weekend, it will take longer to approve and end up in your bank account.

 
 

from CPR-3
Specialty: Other Services

I am an approving manager

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Likes Best

This is great software to quickly track and approve an employee's expenses. There's no need to write checks anymore.

Likes Least

I would love to have a simple way to extract all expenses onto an Excel spreadsheet. I currently do this, but it seems that it could be done much easier.

Recommendations

It's user-friendly. We currently only have one employee using this software and me approving expenses.

 
 

from Aloha
Specialty: Other Services

Amazing product that has made getting expenses paid so much easier!

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Likes Best

I like the ease of use. I was able to pick it up very quickly.

Likes Least

I haven't had any problems with the product so far. A manager has to invite you to use the app.

Recommendations

I am dumb when it comes to technology, and most expense apps are confusing for the end user. Abacus is easier to use than any other product I have used.

 
 

from CPR-3
Specialty: Other Services

Best decision we made to handle expense reports

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Likes Best

This program is just what we needed and were looking for but did not know existed. The Abacus Team is extremely responsive to us and our needs. Abacus has revolutionized the way and the speed with which we are able to handle expense reporting and reimbursement.

Likes Least

I honestly have no concerns. Any issues that I have had were have taken care of in a timely manner. I do wish they would work out deals with more credit card providers, but I hear that is coming soon.

Recommendations

If you are looking for a quick, easy, and accountable way to handle expense reports, this is it!

 
 
 
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