Abacum

Abacum, headquartered in New York, NY, operates within the B2B finance and accounting sector. With a team of 110 employees, the company has established a presence across various regions including the United States, Canada, and offers both remote and partly remote working options. As a participant in the Y-Combinator W21 batch, Abacum has developed a software-as-a-service (SaaS) platform specifically designed for finance teams. The platform promises to reduce reporting time by 50% using customized financial planning and analysis (FP&A) templates that update in real-time. It also claims to enhance operational efficiency by enabling 5x faster data collection and providing a single source of truth for all financial and operational metrics. Abacum integrates with multiple systems such as Salesforce, Netsuite, Google Sheets, Workday Adaptive, Tableau, Xero, Snowflake, and Personio, supporting various financial processes including revenue planning, headcount planning, operational expense planning, performance management, and investor reporting. The platform allows for the easy modeling of metrics, comparison of different plans, and offers full control over changes with permissions and traceability. Abacum positions itself as a ‘notion for finance,’ aiming to significantly improve the efficiency of finance teams through features that facilitate better reporting, planning, and integration.