Case Study: VTS reduces expense management time with Abacus

VTS Puts a New Lease on Expense Management with Abacus

VTS, a commercial real estate leasing platform, was experiencing a severe challenge with its completely manual expense management process as the company grew rapidly. Their single finance administrator was overwhelmed, spending 20 hours a week sorting receipts and manually updating spreadsheets and QuickBooks, which led to employee reimbursements being delayed for months. They sought a solution from Abacus to streamline this process and provide better financial oversight.

By implementing Abacus, VTS automated its expense tracking and integrated the system with QuickBooks. This solution dramatically reduced the time spent on expense administration by 80%, from 20 hours a week down to just 4 hours. The finance team gained time for higher-value work like auditing, and employees began receiving reimbursements in a couple of days instead of months. Furthermore, Abacus provided VTS with valuable spend data to analyze the ROI of their sales team's budget.

VTS