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Abacum description
Abacum is financial planning software designed to help mid-sized and growing companies automate their financial reporting and analysis. It connects to data sources like your ERP and CRM to provide a real-time view of your finances. With Abacum, you can create budgets, forecasts, and scenarios more efficiently than with spreadsheets, and easily share reports across your company. Abacum aims to reduce time spent on manual tasks and provide greater confidence in your financial data.
What companies are using Abacum?
Who is Abacum best for
Abacum is a financial planning software designed for mid-sized companies, especially in finance and tech. It automates reporting and analysis, connecting to sources like ERP and CRM for real-time financial views. Users praise its intuitive interface and customer support, while some find large models difficult to navigate. Abacum helps streamline financial processes, saving time and improving data confidence.
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Best fit for mid-sized companies looking to streamline financial planning.
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Ideal for finance and technology companies seeking efficient reporting and analysis.
Abacum features
| Supported Abacum allows users to generate reports and dashboards to visualize progress and performance. It offers features like automated reporting, customizable dashboards and reports, real-time insights, drill-down capabilities, and scenario planning. |
| Supported Abacum supports report generation with charts, tables, summaries, and export options like PDF. |
| Supported Abacum supports budgeting, forecasting, financial planning, and what-if analysis. |
| Supported Abacum simplifies integration with existing data infrastructure through 50+ integrations. |
| Supported Abacum allows tracking key business metrics and financials against plans, enabling progress monitoring and identification of improvement areas. |
We evaluate the sentiment that users express about non-functional aspects of the software
Customer Service
Ease of Use
Reliability and Performance
Ease of Implementation
Scalability
Abacum reviews
We've summarised 101 Abacum reviews (Abacum G2 reviews) and summarised the main points below.
- Customizable reporting features for different stakeholders
- Real-time data integration from various sources (HRIS, ERP, CRM)
- Intuitive and user-friendly interface for building and manipulating data
- Exceptional and responsive customer support
- Flexible for various needs with workarounds for undeveloped features
- Significant time savings in monthly reporting and planning
- Large models can be difficult to navigate
- Limited pre-built templates for modeling and reporting
- Limited customization for version module
- Some dynamic items are still missing, such as dynamic filters, formatting limitations, and easy scenario switching
Abacum pricing
The commentary is based on 4 reviews from Abacum G2 reviews.
Abacum's pricing is not directly discussed in the reviews. However, users highlight its value in consolidating financial data, saving time and resources on reporting, suggesting a positive return on investment. One review mentions "unlimited licensing," hinting at a potential pricing structure.
Users sentiment
Abacum alternatives
abacum vs PigmentBetter for larger enterprises. Has grown faster in terms of employee count. Higher ratings on Glassdoor. Users highlight more flexible reporting and better real-time collaboration but note a steeper learning curve and occasional slowness with large datasets. An Abacum competitor and alternative.Read more
CausalBetter for startups and small businesses needing plain-English formulas for financial modeling. Has faster website traffic growth but slower employee growth. Causal is a strong Abacum competitor and alternative for those seeking simpler financial modeling.Read more
AnaplanBetter fit for enterprise companies. Has significantly more momentum based on employee growth. Lower ratings on Glassdoor.Read more
VaretoBetter for reporting and dashboards. More user-friendly for reporting. Vareto is growing slower and has mixed reviews on reliability and implementation. A better Abacum competitor for high-growth SaaS businesses.Read more
JedoxBetter for companies with global finance teams. Has broader industry applicability, including healthcare, retail, consumer goods, and manufacturing. Excel-like interface appeals to non-technical users. However, it has slower momentum and some users report performance issues.Read more
Panaya Change IntelligenceBetter for managing software updates and changes, particularly for SAP, Oracle, or Salesforce systems. Focuses on risk reduction and automated testing.Read more
Abacum FAQ
What is Abacum and what does Abacum do?
Abacum is a financial planning and analysis platform that automates reporting and consolidates financial data. Designed for mid-sized companies, it connects to various data sources, enabling real-time financial visibility and efficient budgeting, forecasting, and scenario planning. It simplifies complex financial processes and improves data accuracy.
How does Abacum integrate with other tools?
Abacum integrates with existing data infrastructure through 50+ integrations, including ERP and CRM systems. This allows for real-time data updates and streamlines financial planning and reporting processes. It simplifies connections and offers a centralized platform for financial data management.
What the main competitors of Abacum?
Abacum's main competitors include Vareto, Anaplan, Jedox, Pigment, and Runway Financial. These alternatives offer similar financial planning and analysis (FP&A) functionalities, catering to mid-sized and growing businesses seeking streamlined reporting, budgeting, and forecasting solutions.
Is Abacum legit?
Abacum is a legitimate financial planning software. User reviews highlight its intuitive interface, real-time data integration, and excellent customer support. It effectively automates reporting and analysis, saving businesses valuable time.
How much does Abacum cost?
Abacum does not publicly disclose its pricing information. Contact their sales team for a personalized quote based on your specific business needs and determine if Abacum is worth the cost.
Is Abacum customer service good?
Abacum's customer service receives overwhelmingly positive feedback. Users consistently praise the support team's responsiveness, helpfulness, and proactive approach. They appreciate the personalized onboarding, training sessions, and willingness to find solutions, even offering workarounds for features still in development.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.