What is Google Drive and how does it work?

Google Drive is Google's cloud-based file storage and collaboration platform that enables teams to store, share, and collaborate on documents from anywhere. The integration with Abacum streamlines document management and enhances collaboration between finance teams and stakeholders, ensuring critical financial reports and planning documents are always accessible and up-to-date.

Benefits of Integrating Google Drive with Abacum

• Automatically sync financial reports and budgets from Abacum to designated Drive folders for seamless distribution to stakeholders.

• Store and organize supporting documentation, contracts, and invoices in Drive while maintaining direct links to relevant financial models in Abacum.

• Enable real-time collaboration on financial narratives and board presentations by connecting Drive documents with live Abacum data.

• Maintain version control and audit trails for all financial planning documents with Drive's built-in revision history

• Streamline month-end reporting by automatically exporting Abacum reports to shared Drive folders for executive review

• Integrate with Google Sheets to enable stakeholders to view specific Abacum data while maintaining security and access controls.

• Reduce email attachments and manual file sharing by centralizing all FP&A deliverables in organized Drive folder structures.

• Ensure business continuity with automatic cloud backup of critical financial planning documents and models