NEW YORK--(EON: Enhanced Online News)--Abacus, the only intelligent expense management solution, today announced it has integrated with Intacct, the customer satisfaction leader in cloud ERP software. The direct sync between Abacus and Intacct will offer customers a real-time solution for managing and analyzing reimbursable and corporate card expenses, while automating and speeding up month end close.
“The integration between Intacct and Abacus will provide joint customers with a completely automated solution for ensuring that employee expenses are properly reviewed and accurate before they enter the financial system.”
The integrated solution is enhanced by new approval routing features within Abacus, which allow finance teams to build a decision tree for expenses to flow through when they are submitted by employees. As an expense enters the system, it is first vetted using rules to check for company and IRS policy adherence and complete data. Next, approval routing sends expenses to reviewers based on pre-set criteria, such as manager, dollar amount, category, project, and more.
To most efficiently speed review and approval, companies need to route expenses based on specific circumstances. Because expenses in Abacus aren’t trapped in expense reports, each one can be analyzed and routed directly where it needs to go, ensuring completeness, accuracy and timeliness of data in Intacct.
“Today’s finance teams are looking for ways to automate back-office processes, but cannot sacrifice accurate and complete information,” said Marc Linden, CFO and Head of Business Development at Intacct. “The integration between Intacct and Abacus will provide joint customers with a completely automated solution for ensuring that employee expenses are properly reviewed and accurate before they enter the financial system.”
“Intacct customers can now use industry-leading automation to correctly check and route expenses through approval channels and directly into their financial system,” says Omar Qari, CEO of Abacus. “They can be confident in the data they are using to run reports and close the books, all while speeding up the process from start to finish.”
Expenses from Abacus will continuously sync to Intacct as they are approved and paid, creating a timely flow of data for on-demand reporting. Customers who take advantage of Intacct’s pre-built integration with Salesforce will also be able to keep their data consistent between all three systems with the recently launched Salesforce and Abacus integration, creating a truly complete picture of every customer’s profitability.
Intacct is the customer satisfaction leader in cloud ERP software. Bringing cloud computing to finance and accounting, Intacct’s innovative and award-winning applications are the preferred financial applications for AICPA business solutions. In use by more than 11,000 organizations from startups to public companies, Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Intacct to their clients. For more information, please visit www.intacct.com.
Abacus, ranked #1 in overall customer satisfaction according to software review platform G2 Crowd, is the only intelligent expense management solution, using data and behavior analysis to make recommendations and automate expense creation and approvals. Using heuristics, expenses are curated to help administrators focus on anomalies and high priority items. Abacus processes next-day reimbursements, enforces your expense policy, reconciles corporate cards, and syncs with your accounting software. Businesses like Greenhouse, Betterment and Pinterest use Abacus as a smarter way to manage expenses.