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Abacus Adds Foreign Currency & Attendees
Abacus has added two new features to both their web and mobile business expense apps - Foreign Currency & Attendees - which includes Bitcoin support.
By: Abacus Labs
These new features are only two in a list of many the company has recently released. Abacus is continuously adding features to help businesses simplify their expense reporting process, such as the recent addition of a corporate card dashboard to help administrators manage corporate cards operated by employees in a single location which speeds up the monthly reconciliation process.
Looking towards the future, Abacus is also focused on creating more meta data for companies to use in order to create better reporting on cash flow and specifically how business expenses affect a company's cash flow.
"Business expenses have the potential to provide a wealth of metadata that is currently missing because they touch every department and are the true representation of day-to-day cash flow," says Omar Qari, Co-founder of Abacus.
Abacus is breaking the data typically collected in a monthly batch-process expense report into a live feed of data broken into filterable and searchable fields with the idea that the information will become more accurate, easier to enter, and more actionable. The addition of these two new features are a representation of this strategy.
Abacus is replacing the common expense report with the first real-time expense management solution. It is the quickest way to reimburse your team, reconcile your corporate cards, and enforce your expense policy. For more information, visit us at http://www.abacus.com.
Page Updated Last on: Apr 15, 2015