What is Gusto and how does it work?
Gusto is a comprehensive cloud-based platform that simplifies payroll, HR, and benefits administration for small to medium-sized businesses. As a leading SaaS solution, Gusto processes nearly $1 trillion in payroll annually and serves over 300,000 customers with automated tax calculations, compliance management, and employee benefits administration.
The platform operates through a user-friendly interface that handles everything from employee onboarding and time tracking to automated payroll processing and tax filing. Gusto's infrastructure processes over 70 million API calls monthly, demonstrating its robust capability to manage complex workforce operations while maintaining compliance across federal, state, and local jurisdictions.
Benefits of Integrating Gusto with Abacum
The Gusto-Abacum integration transforms how finance teams incorporate workforce data into their strategic planning, creating a seamless connection between HR operations and financial analysis.
• Sync real-time payroll data directly into financial models, eliminating manual data entry and reducing errors in headcount planning and compensation forecasting
• Automate variance analysis between budgeted and actual payroll costs, with granular visibility into department-level spending and employee cost trends
• Enhance headcount planning accuracy by connecting employee data, compensation structures, and benefits costs directly to your FP&A workflows
• Streamline month-end close processes with automatic reconciliation of payroll expenses, tax liabilities, and benefits accruals
• Build dynamic workforce analytics combining Gusto's comprehensive employee data with Abacum's scenario planning capabilities
• Improve cash flow forecasting with real-time visibility into payroll obligations, tax payments, and benefits disbursements
• Enable data-driven compensation planning by analyzing salary benchmarks, overtime trends, and total compensation costs across teams
• Accelerate board and investor reporting with unified dashboards displaying headcount metrics, burn rate analysis, and personnel cost ratios
