The company was founded in 2013 with the aim of providing businesses with a real-time expense system that replaces the traditional expense report, helping companies get money wherever it needs to go faster. Abacus offers an online platform that provides automatic bookkeeping synchronization and expense categorization for employers, enabling businesses to increase their efficiency by approving expenses or analyzing company spends, budgets, and return on investment. The company's goal is to provide finance teams with tools and data that enable them to become a strategic pillar in their organization. Abacus has now been rebranded as Emburse.