What is Google Drive and how does it work?

Google Drive is a cloud-based storage and file synchronization service that enables teams to store, share, and collaborate on documents from any device. Part of Google Workspace, it provides 15GB of free storage and integrates seamlessly with productivity tools like Docs, Sheets, and Slides, making it a central hub for business documentation and collaboration.

Benefits of Integrating Google Drive with Abacum

• Centralize financial documentation by automatically syncing budgets, reports, and board presentations between Abacum and Google Drive for seamless access across teams

• Enable real-time collaboration on financial plans with stakeholders who can review and comment on reports directly in Google Drive while data remains connected to Abacum

• Automate report distribution by scheduling Abacum reports to save directly to designated Google Drive folders, ensuring teams always have the latest financial insights

• Maintain version control with automatic backup of financial models and reports, creating an audit trail of changes and iterations

• Streamline data imports from Google Sheets into Abacum for quick integration of departmental budgets and operational metrics

• Secure sensitive financial data with Google's enterprise-grade security while maintaining Abacum's role-based access controls