![]() Due to the third-party APIs the developers are able to build a new solution in a shorter period of time, using already existing components instead of creating a code for new ones from scratch. Third-party Integration Third-party integration means addition of necessary external data to an existing project using different APIs (Application Program Interfaces).Expenses not in compliance are automatically flagged or rejected. Expense Approval Managers can review and approve expense reports.Reimbursement Management Helps in managing employee expenses claims and regularize the approval process.Spend Control To reduce spending and prevent unauthorized use by setting transactional control.Multiple Reporting Currency Reports entries from different origin currencies in the native exchange rate.Receipt Management Store and manage receipts of the expenses incurred by the employees.Receipt Scanner OCR (Optical Character Recognition) tool to scan and upload a paper receipt to make entries on the go.Bank Feed Sync Can sync with bank notification and fetch expenses to make entries in the record book.Reconciliation Summary A statement prepared to report total outstanding payments and receipts.Multi-level Approval A sequential and thorough review process to approve expenses.Card Spending Tracker Automatically tracks the expense done using a linked debit or credit card.Additionally, you can set a daily, weekly, or monthly spending limit, as well as limits on when a card can be used. Abacus adapts to your organization's changing structure, allowing you to fine-tune the granularity of rules, approval procedures, and data you manage. The platform enables you to create bespoke reports based on real-time data to aid with trend detection and budget management. To avoid infractions, policy guidelines are implemented before costs are reported with Emburse Abacus. To guarantee that records are thorough and accurate, Abacus prepares expenditures using trusted data sources like receipts and card transactions. Abacus flags costs that are in violation of rules, are nearing budget, include mistakes, or may be fraudulent. With Emburse Abacus, you can concentrate your efforts on costs with exceptions to increase your efficiency. It offers real-time data that helps you make more confident judgments while authorizing, spending or reviewing corporate spend, budgets, and return on investment. ![]() What is Emburse Abacus and how does it work?Įmburse Abacus is a budgeting platform that enables you to automate how you repay your employees, reconcile corporate credit cards, and put your expenditure policy into action.
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