Expense management solution provider Abacus has integrated with messaging app Slack, allowing finance teams to review and approve expenses within Slack using the platform’s new interactive messages.
Abacus’ flagship system has also been updated to be predictive. The expense reporting software now “intelligently” powers recommendations and automates expense creation and approvals. According to Abacus, administrators will soon only need to take action on approximately 20 percent of expenses, with Abacus managing the remainder according to employee expense behavior, recurring approval patterns and other data points.
Employees can now be invited by an administrator to Abacus from within Slack and can upload receipts with an attached note. Administrators receive notifications when expenses that need their attention are ready to be reviewed and can approve them from Slack.
“With this new release, Abacus has leaped beyond automated expense creation to make the review and approval process intelligent,” said Omar Qari, co-founder of Abacus, in a statement. “No longer do administrators need to explicitly review every expense, but instead can lean on Abacus’ predictive engine to surface only those expenses that actually require attention, freeing them up to focus on strategic opportunities. Slack is the perfect platform to take action on these curated tasks. By using data to make the process smart and predictive, we are ushering in the next generation of expense management for businesses everywhere.”
Currently, Abacus is the only expense management system integrated with Slack.
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