NEW YORK--(BUSINESS WIRE)--Abacus, the only real time expense reporting software, today launched Connected Orgs, a multi-subsidiary expense management solution designed specifically for mid-market organizations. By helping teams manage expenses for multiple entities with a single account, Connected Orgs delivers growing companies the kind of configurable automation and real time data that until now was available only to large enterprises.
Connected Orgs marks a major milestone in Abacus’ mission to redefine the expense management landscape for growing companies. With this release, the platform can map to the exact configuration of multi-subsidiary accounting stacks, powering complex ERP systems with real time expense data. For the first time, teams across multiple subsidiaries that managed expenses manually or with unstable workarounds can now easily apply Abacus’ best-in-class functionality across their entire organization, without the exorbitant cost.
"Companies traditionally had to invest six-figure sums to get this level of functionality," says Co-founder & CEO Omar Qari. "With Connected Orgs, mid-market teams now have an out-of-the-box solution that can match their organizational structure and systems to each entity's respective expense controls. We are reshaping expectations for what mid-market customers can get from expense management software in a cost-efficient way."
Connected Orgs is the first major release to emerge from a massive infrastructure project the company undertook at the beginning of 2018, enhancing Abacus’ data model. At a time of sizable growth in their mid-market customer base, Abacus committed to re-architecting the platform’s back end in order to bring new enterprise-level features to market. Earlier in the year, Abacus announced improved search and reporting capabilities as another early benefit of these changes. The launch of Connected Orgs moves that project forward, and significantly enhances the value of Abacus to their customers.
Abacus, the #1 Mid-Market Expense Reporting Software listed on G2 Crowd, is the only real time expense reporting solution. It is the easiest way for you to reimburse your team, reconcile corporate credit cards, and implement your expense policy throughout the month. Abacus scales to match the evolving structure of your organization, giving you the ability to adjust the granularity of policies, approval workflows and data that you track. Learn more at www.abacus.com.