villalotus.blogg.se - Abacus expense

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.

Abacus joined Certify in K1 Investment Management’s portfolio, which also includes expense system providers ExpenseWatch, Nexonia and Tallie. The terms of the agreement are confidential.”Ī few weeks after the suit ended, fellow expense management firm Certify announced it acquired Abacus. In requesting a dismissal last summer, Abacus Labs had told the court that Expensify’s patents were invalid.Įxpensify CEO and founder David Barrett told The Company Dime that his lawyers would only let him say that the parties “resolved their litigation on mutually favorable terms. District Court for the Southern District of New York said “all asserted claims relief are hereby dismissed with prejudice.” Each side was to cover their own legal fees. The suit sought to recover damages from Abacus’ alleged infringement of Expensify patents related to scanning receipts and matching them to credit card data. Expense management system providers Abacus Labs and Expensify in June agreed to end a patent infringement suit brought by the latter a year earlier.