In any company, the process of reimbursements for employees’ expenses is a huge process that takes very long time. Abacus is a new software/app that helps employees get the reimbursements within a day and makes them happy.
Employees need to install the abacus app and link their bank account. Same way, the Company (manager) also needs to install the app and link its bank account. Employees submit expenses by taking pictures of the receipts and adding a note. Managers get notified about the expenses of the employees and if they approve right away, the money is reimbursed securely to the employee the next day.
One more advantage is of Abacus is, it automatically syncs transaction information with the company’s accounting software, thus making the whole process of business cash flow easier and secure.