Abacum

Our co-founder, Jorge Lluch, recently participated in Founders Forum Berlin, where he co-hosted a roundtable with Szymon Sypniewicz. We’re excited to see our founders actively engaging in such vibrant communities, where ideas and innovation come to life. Looking forward to seeing what new challenges you'll embrace next! ⭐

Our CFO used to spend days preparing reports for investors… Here's why it is not like that anymore. 😉 In today’s economy, budgets are tighter and startups are facing a lot of competition for the funding they need to survive and scale. Investors? They’re no longer just passively waiting for a monthly report. They expect efficiency and clear answers. Companies that can deliver well-organized reports with the right insights are the ones that stand out. Now imagine this: instead of sending investors a clunky Excel packed with hard-to-digest numbers from last month, what if you could prepare a clear report that’s ready in a couple hours? That’s where Abacum comes in handy. It simplifies and speeds up the process of pulling your financials together, so you can spend less time rumbling through data and more time focusing on growth. All while delivering a report that looks great. Because at the end of the day, it’s all about standing out to new investors or risk running on empty, right? #investorreporting #reporting #abacum

Raise your hand if you've ever spent half a day updating your financial model 🙋♀️ Ryan Shon from Flipside used to, but not anymore! We got on a call with him to hear how working with Abacum has transformed his workflow, and we’re happy to hear that he can now attend meetings with his team without needing to review all the dashboards in advance. Feedback like this reassures us that we’re on a great mission—empowering finance teams to make better decisions. 💜 #clientfeedback #customercentric #abacum #financialplanningsolution

Calling all #FinTech leaders—looking for the secret to stay ahead of the curve? 🙌 Our research shows that #AI is at the heart of what fintech companies are doing to stay competitive. In fact, according to a McKinsey report, companies leveraging AI-driven insights saw a 20% boost in operational efficiency, and FinTech firms are leading this charge. Nubank, Chime, Kabbage from American Express and Onfido are already making it happen (and they are good at it!). What are you waiting for?

Let’s face it - access to more data doesn’t always mean better decisions. And choosing from 20 scenarios feels like trying to pick a movie from 20 options in your favorites list. 😵💫 Christian Wattig recommends using the 80/20 rule to narrow down to the 3-7 scenarios that truly matter. This way, your leadership team avoids drowning in choices, making everyone’s life a whole lot easier. How many scenarios do you usually plan for? 👀 #scenarioplanning #scenarioanalysis #abacum #financialplanningsolution

Want to know a big secret in the FP&A market? 🤫 9 out of 10 times, a software is only as good as the data you feed into it. And CFOs don’t settle for 70% accuracy. They have a high standard that demands +99% data accuracy. At Abacum, we focus on this challenge by having: 1️⃣ Over 60 powerful, self-serve integrations 2️⃣ Deep, customizable mapping of your Chart of Accounts (COA) 3️⃣ A thorough onboarding process with our in-house implementation team But there’s always room to improve data hygiene. That’s why we developed the latest Abacum Intelligence release: AI Classifier ⭐ #ai #aiclassifier #fpa #abacum

Business leaders from industries like Healthcare, Media & Telecom and Industrial Markets are confident they will see return on their investment in #GenAI over the next 1 to 3 years. But what about finance teams? Here’s how they can supercharge their success with GenAI: 🗂️ Automate repetitive tasks, like invoice processing 📊 Boost financial forecasting with powerful data insights ⚡️ Strengthen risk management by spotting anomalies faster How is your team leveraging GenAI? Let us know your thoughts in the comments below!

This past Saturday, some members of our FP&A team took a break from their screens and headed outdoors for a hike to Castell de Burriac with views of Mataró, a small town near Barcelona. We love when our employees take the initiative to organize activities like this. These moments not only strengthen bonds between colleagues but also reflect the values we stand for: collaboration, well-being, and continuous growth. 💜 #abacum #teamwork #offwork

Ready to unlock the secrets of #NetSuite? Register to attend NoBlue2's Insights Day 2024. We’ll be on the ground at the event, talking to NetSuite users, experts and partners about how they can get the most value from their ERP and finance systems. 🗓️ Wednesday, October 9th ⏰ 10:00 - 17:00, followed by networking drinks 📍etc.venues 8 Fenchurch Street, London This is a complimentary event, with lunch and networking drinks included, opened to existing NetSuite users and those interested in learning more about the cloud ERP solution. 🔗 Reserve your place today: https://lnkd.in/gYFGr9uj

“Strategy is about closing doors” 🚪 As businesses grow, you’re constantly presented with more opportunities than you can realistically take on. This is especially true when it comes to budgeting. It’s tempting to want to invest in everything, but that’s when the finance and FP&A teams can step in and ensure focus. This insight was part of the discussion between Paul Barnhurst and Julio Martínez in yesterday’s webinar. If you missed it, you’re in luck! You can watch the full session here 👉 https://bit.ly/4gKXDNf #webinarfinance #abacum #financialplanningsolution