Abacus expense report management software#
Abacus expense report management Pc#

Abacus expense report management software#

Who are some of the key players operating in the Expense Management Software market and how high is the competition 2023?Ĭompany Information: List by Country Top Manufacturers / Key Players In Expense Management Software Market Insights Report Are: These tools provide an in-depth analysis of the micro- and macro-environmental elements that influence the market's expansion during the forecast period. The research also provides a market analysis using various analytical techniques, including Porter's Five Forces Analysis and PESTEL Analysis.

Abacus expense report management Pc#

The market is segmented on the basis of End-user Industry ( Small Business, Mid-sized Business, Large Enterprises), By Type ( PC Terminal, Mobile Terminal), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). Global Expense Management Software market size was valued at USD 3369.04 million in 2022 and is expected to expand at a CAGR of 10.97% during the forecast period, reaching USD 6289.99 million by 2028. The Expensify, SAP Concur, Rydoo, Emburse, Access Group, Oracle, Workday Inc., Intuit Inc., Coupa Software Inc., Infor Inc., Insperity are one of the principal market rivals, according to the research.

The Expense Management Software market research report and industry analysis examine the Expense Management Software sector internationally for the period of time from 2023 to 2030. The expense management industry’s typical customer profile is fairly fragmented, so it’s going to take multiple solutions approaching the space from multiple angles to fully satisfy market demand.The ' Expense Management Software Market' is one of the sectors that is expanding the fastest, thus it is crucial for players in the market to first do an exhaustive analysis of the sector. Qari said that “in a prospect overlap analysis, we found hardly any opportunities are common across the portfolio, highlighting how unique each brand’s segment is. Certify says this makes it the largest competitor to Concur.Įach brand operates independently, serving its own niche, like Abacus will.

In an email, Qari, the CEO of Abacus, told TechCrunch that Abacus is a good fit for “companies that need out-of-the-box flexibility in approval flows, spending controls and ERP sync.”įor example, he said North American Substation Services, which provides installation, repair and maintenance work for high-voltage stations, uses Abacus to speed up its account receivables by billing back expenses closer to when they actually happened, while Dropbox chose Abacus to reimburse interview candidates more quickly.Ĭertify was acquired by K1 Investment Management last year and combined with expense management software providers Nexonia, ExpenseWatch and Tallie to serve a total of 10,000 businesses. Real-time analytics also help companies make quick budget decisions.Ībacus’ clients include Betterment, Dropbox, GLG and North American Substation Services. If expenses need to be approved by specific managers or departments, Abacus routes them to the right person. Abacus eases their pain with features like automatic expense suggestions and Slack integration for employees.įor companies, it lets them set prompts to enforce spending limits and make sure details, like client names, are filled in correctly. Its team will join Certify and the Abacus product will continue to be independent.Įxpenses are a bane for everyone involved: the employees who need to turn in receipts, the managers who have to approve them and everyone in the finance department who needs to reconcile corporate credit cards and make sure company policy is followed. The Y Combinator alum, whose investors included General Catalyst, Bessemer Venture Partners, Google Ventures and Salesforce Ventures, currently counts 1,000 customers. The addition of Abacus will help Certify, which includes other expense management solutions like Nexonia and ExpenseWatch under one umbrella, become a stronger rival to SAP-owned Concur by reaching new customer segments.įounded by Omar Qari, Josh Halickman and Ted Power, Abacus says it was the first real-time expense reporting solution on the market when it launched in 2013.

The deal’s financial terms were not disclosed. Expense management software provider Certify is beefing up its artillery against rival Concur with the acquisition of Abacus, which enables companies to deal with expenses in real time.