Abacus Unveils Integrated Corporate Travel Booking Platform

Abacus Travel makes the travel booking and expense management
experience seamless for business travelers and finance teams

NEW YORK–(BUSINESS WIRE)–Abacus,
the leader in real time expense reporting, today announced the launch of
Abacus Travel, its new travel booking platform. With Abacus Travel,
customers now have a fully integrated solution that combines
customizable travel booking controls with the power of real time expense
reporting. Abacus Travel is based on booking technology from NuTravel,
which was purchased in 2018 by Certify, Inc., parent company of Abacus
and the world’s largest independent expense management company. Abacus
Travel is the first significant product launch for the company since it
was acquired by Certify.

With Abacus Travel, an employee’s approved booking will immediately turn
into an expense within Abacus’ real time expense reporting software.
Finance teams gain pre-booking controls with automated policies and
immediate visibility into their largest area of employee expenses.
Employees get an easy-to-use platform, automated expense creation and
faster reimbursements.

“Travel is one of the largest areas of employee expenses, yet many
businesses still scramble to enforce travel policies and manage spend
effectively,” said Omar Qari, co-founder of Abacus. “With Abacus Travel,
finance teams can automate the enforcement of their policies, freeing
them up to think strategically about their expenses. Employees also get
a streamlined booking and expensing process, all from one intuitive
application.”

Business Travelers Get Automated Travel Booking and Expense Reporting
Abacus
Travel offers a simple user interface in which employees can book a
business trip in just a few clicks. Once their travel is booked, the
itinerary is created as an expense in Abacus, where the Trips feature
keeps track of all travel-related expenses in one dashboard. This makes
it easier for employees to reconcile their expenses at the end of a
trip, and for finance to monitor and approve employees’ travel costs in
real time. No expense report is needed; expenses are tagged and quickly
submitted. Employees are reimbursed as soon as the next day.

Finance Teams Gain Deeper Control and Insight into Corporate Travel
Spending

Finance teams can configure travel policies across
various levels of hierarchy, geography or business units and
automatically enforce them within Abacus Travel. Flight, hotel, car and
rail search results can be set to only show in policy travel options for
each traveler. Finance teams can also set travel bookings to
automatically pre-approve if they are completely within policy, or
require advanced approvals.

With the introduction of Abacus Travel, Insights, Abacus’ built-in
reporting tool, will now be powered by highly accurate, comprehensive
travel spending data, making it an even more strategic resource. With
just a few clicks, finance teams can see the complete picture of their
company’s travel spend, surfacing valuable takeaways such as the cost of
visiting certain clients or the most frequently used travel vendors.

Availability
Abacus Travel is available now for use as a
single, integrated solution with the Abacus real time expense reporting
solution. Learn
more on the Abacus blog.

About Abacus
Abacus, the number one mid-market expense
reporting software listed on G2 Crowd, is the only truly real time
expense reporting solution on the market. It is the easiest way for a
company to reimburse its teams, implement their expense policy, and
reconcile corporate credit cards throughout the month. More than 1,000
customers use Abacus such as GLG, Coinbase, Mailchimp and Betterment.
Founded in 2013, Abacus is headquartered in New York City and is owned
by Certify, Inc. Learn more at www.abacus.com.

About Certify, Inc.
Certify, Inc. is the world’s largest
independent provider of spend management software. The Certify, Inc.
Family of Brands includes leading SaaS platforms Certify, Nexonia,
Tallie, Abacus, and Captio. With innovative spend management
applications such as real-time expense reporting, integrated travel
booking, time tracking, and accounts payable automation, Certify, Inc.
has transformed how more than 10,000 organizations in over 90 countries
manage corporate T&E. Customers include Circle K, Garmin, H&R Block,
LogMeIn, Marketo, Mailchimp, McDonald’s, Pinterest, Red Bull, Shopify,
Subway, SurveyMonkey, Toyota, and Virgin Galactic. For more information,
please visit: www.certify.com,
www.nexonia.com,
www.tallie.com,
www.abacus.com,
and www.captio.com.

Contacts

Elissa Ehrlich
Pinecrest Communications for Abacus
(646) 228
8960
elissa@pinecrestcomms.com

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