Abacum Reviews & Product Details

Abacum has tremendous flexibility in terms of its data and analysis capabilities. The ability to create custom metrics and data transformations directly in the data set has allowed us to automate our leadership team's complex pipeline requirements. We previously tried to build our custom pipeline reporting metrics directly in Salesforce (Tableau) and Mosaic but were unable to do so. Abacum releases product enhancements faster than any software platform I have ever seen - it is not uncommon for them to release one or two product updates every week - and offers more integrations to modern technology tools than its competitors. We have completed overhauled our Finance tech stack over the past year, including migrating our ERP, and chose Abacum partly based on its integration with Rillet. Finally, Abacum's Excel connector is one-of-kind among strategic finance platforms and allows teams to maintain hybrid workflows in both Excel and Abacum. Review collected by and hosted on G2.com.

We have experienced a few bugs in the tables and reporting (e.g., percentage variances for individual line items adding up rather than calculating at the total level). These bugs are usually either quickly resolved or the technical support team has provided a work around. We intended to use the Paylocity integration but have been unable to due the fact that Abacum's integration partner doesn't pull in some of the key fields that we use (we also had a similar issue with Mosaic). The Abacum team partially made up for this by allowing us to substitute our Paylocity integration for the Excel connector. Review collected by and hosted on G2.com.

I really value Abacum's customer support and account management, as they are highly responsive and provide a direct line to influence the product roadmap, with the added benefit of having a US office for responsive support later in the evening in the UK. The modeling capabilities are impressive, offering ease in setting up and tracing model variables, which is essential for accurate and efficient financial planning. I appreciate the seamless integration process, which was quick and executed with support from outstanding analysts. The pace at which new products are shipped is commendable, demonstrating Abacum's commitment to innovation and continuous improvement. The AI classifier tool has been a game-changer for our budgeting processes, enabling us to categorize transactional data from NetSuite effectively for budget planning at a supplier level. Overall, these features collectively enhance the functionality and value of Abacum, making it a vital tool in our financial operations. Review collected by and hosted on G2.com.

I find that the AI classifier in Abacum requires close management and involves a significant amount of effort. Additionally, the visualization options are not up to par as they lack the level of detail available in Excel's chart-building functionalities. While the user interface is generally good, the limitations in chart options fall behind current standards. Review collected by and hosted on G2.com.

I love Abacum’s clean and intuitive interface, which makes it easy for my finance team to work with on a daily basis. The version management feature is particularly helpful as it allows us to keep and compare different scenarios and report versions seamlessly, ensuring we are always aware of what has changed. The ability to centralize finance data, which was previously scattered across spreadsheets, has drastically reduced errors and duplicate work. This has effectively streamlined our budgeting and forecasting cycles, and enabled faster production of monthly management reports. Abacum has also significantly enhanced alignment and collaboration with other teams like commercial and sales by ensuring we share consistent numbers and assumptions, providing greater visibility to stakeholders across the company. Additionally, the initial setup of Abacum was quite straightforward due to the excellent guidance from the customer support team, which made the transition smooth. All of these features and support contribute to making Abacum a highly valuable tool for financial oversight and planning in my organization. Review collected by and hosted on G2.com.

One area that could be improved in Abacum is the flexibility for viewers within spaces. Currently, only Admins have the ability to modify a table, which restricts viewers from applying specific filters or changing the view on their own. This limitation requires us to pre-build every possible table or view for them, making the space longer and harder to navigate. Allowing controlled filtering for viewers could address this issue by enabling them to apply temporary filters or sorting on tables (on fields allowed by the Admin) without altering the main view. This would reduce the need for creating multiple similar tables and streamline navigation within spaces. Review collected by and hosted on G2.com.

The ability to quickly create charts and graphs for various cases (actuals, forecast, budget etc) and compare them is incredible. Also creating a budget from the forecast has saved us so much time.

I also like the way Abacum integrates with Netsuite and how easy it is to maintain the chart of accounts and map accounting logic into economic logic for management reporting / decision-making.

We are using Abacum every single day for our reporting needs and insights. Review collected by and hosted on G2.com.

Sometimes the flexibility of the platform is challenging. I sometimes know how I would do something in excel (for example using look ups / index match between data sets) but I am not sure how to do it in Abacum or it isn't possible. Review collected by and hosted on G2.com.

Our experience with Abacum has been very positive so far. Solutions like this often struggle to balance flexibility and automation, but Abacum manages this exceptionally well. Its modeling, data handling, and presentation features are highly adaptable, which has allowed us to seamlessly incorporate the tool into our daily operations. It is rapidly becoming our primary resource for all things related to reporting, forecasting, and budgeting. All of our data is integrated, our mappings are set up, and our models are in place. We are now looking forward to bringing a substantial number of ad hoc reports onto the platform as well. The support team has been outstanding—I'm contacted at least once a month to discuss our progress, any challenges we might be facing, and to share feedback, which they actively relay to their product team. In fact, several of our suggestions have already been implemented since we began using Abacum a few months ago. The implementation process was smooth, and the team was excellent in guiding us through some complex use cases. Review collected by and hosted on G2.com.

There are a few things where the platform is a bit underdeveloped (ie can be a bit slow sometimes, manual inputs vs formula coexisting well, transaction classification is difficult at our scale, auditability could be a bit better, certain allocations could be easier, etc.). But the reason we chose the platform was because we believe the team could make these things happen. They've consistently delivered. Building ad hoc reports can sometimes be a little slow, I wish there were a reporting feature that allowed you to query data in an easier manner, and the excel plugin is still maturing. Review collected by and hosted on G2.com.

The best of Abacum is the combination of a fantastic tool and a close and candid team. We've seen a real evolution from when we started to work with Abacum in late 2021 up to now. We have been interested in the FP&A tools landscape, but we feel we have the best partner in the industry. And we have seen how we can seamlessly adapt Abacum to our growing complexity, both from a business and a corporate point of view. And finally, when we need to use their customer support, we feel their approach is agile and goes straight to the point Review collected by and hosted on G2.com.

I would not highlight anything here. Abacum is working very well. Review collected by and hosted on G2.com.

Abacum has made our financial reporting and forecasting processes much smoother. The implementation was quite easy once we got the hang of it, and the onboarding team was very supportive throughout. Their product is intuitive, and the team is constantly developing new features that add value. It’s been a big time-saver for our FP&A function and helps us collaborate more effectively with stakeholders. Review collected by and hosted on G2.com.

Occasionally, new features take a bit of time to learn, but the customer success team is quick to guide us. Overall, the benefits far outweigh the minor learning curve. Review collected by and hosted on G2.com.

The implementation team of Arpan & Ainhoa have been very helpful and responsive so far, as well as the rest of the team.

The system has been easy to pick up and is simple to use.

I can see the potential of the system for how it is going to improve our reporting when it is fully set up.

The reports are formatted nice and cleanly. Review collected by and hosted on G2.com.

Setting up the API connection with out accounting system was quite difficult Review collected by and hosted on G2.com.

The ease of creating models, tables & charts. We can be much more flexible with our reporting, and turn around analysis is much less time. The Abacum support team have also been incredible, they respond to tickets well and our account manager has been instrumental in the progress we've made with the tool over the last 6 months. Review collected by and hosted on G2.com.

Something I wish we were made more aware of during integration was the importance of dimensions, and assigning them to our variables. It's something we learnt too late and it led to more work trying to unpick & fix where it was causing issues. It can also be a bit slow with processing model changes and opening spaces, but I know Abacum have been working hard behind the scenes to improve this. Review collected by and hosted on G2.com.

Abacum has fundamentally transformed our finance function. Its seamless integrations across our tech stack make it our definitive source of truth for financial planning and analysis. The platform empowers us to run deep scenario planning, board-ready management reporting, real-time variance analyses, and in-depth business reviews — all with a lean team. The flexibility and sophistication of the data model allow us to understand our business drivers at a granular level and plan proactivel. Review collected by and hosted on G2.com.

There’s a slight learning curve due to how powerful and flexible the platform is, especially when building complex models. That said, their support and onboarding teams are highly responsive and helpful in accelerating ramp-up time Review collected by and hosted on G2.com.