#Abacus expense management software#

Helps in managing employee expenses claims and regularize the approval process. OCR (Optical Character Recognition) tool to scan and upload a paper receipt to make entries on the go.Ī statement prepared to report total outstanding payments and receipts. Store and manage receipts of the expenses incurred by the employees. Reports entries from different origin currencies in the native exchange rate. Expenses not in compliance are automatically flagged or rejected.įacilitates tracking mileage automatically and stop recording when a location is reached & it can produce IRS compliant reportsĪ sequential and thorough review process to approve expenses. Managers can review and approve expense reports. Apart from this, it also integrates credit cards and tracks all the relevant transactions being made using it.show moreĬan sync with bank notification and fetch expenses to make entries in the record book.Īutomatically tracks the expense done using a linked debit or credit card. The expenses are drafted using receipts that can be uploaded right from the application.

This makes the approval process much easier than one can expect. Abacus uses artificial intelligence to separate out expenses that violate the company’s policy, exceeding the budget limit and are potentially fraudulent in nature. The expenses can be analysed side by side with the budget in order to keep them in check. This proves to be a helping hand in implementing the company’s policy and keeping the users in compliance with it. It offers real-time monitoring of all the expenses being made by the employees. Abacus uses data and behavioural analytics to create expense reports and helps you to automate the entire reimbursement process. When it comes to real-time expense management, Abacus is one of the most frequently pronounced names in the industry. Make customize workflows and automate vendor business payments easily with Concur pricing strategy of $9 per report average price.show more It automates the accounts payable process by using predefined reports and templates.

#Abacus expense management software#

Concur software unlocks the robust sides, helps businesses reduce complications, and offers a clear view of invoices. Moreover, the software automates data capture from receipt images and submits expense records for approvals. Concur comprises an intelligence feature that allows employees to create customized dashboards offering an overview of multiple reports that allows finance managers to keep track of it. It offers a single way to maintain pending from end to end transactions, acquire great visibility into transactions, enhances compliance, and simplify the process. SAP concur software is a very useful tool that integrates all the users' expenses, travel, and vendor invoices pending in one system. This tool enables small and medium-sized businesses to track employee expenses and to review and approve invoices promptly. Concur Expense is a cloud-based travel and expense management software that allows users to maintain travel expenses by featuring travel processes from booking to approval to payment.