What is Justworks and how does it work?
Justworks is a comprehensive PEO and payroll platform that helps small and medium-sized businesses manage HR, benefits, compliance, and payroll through a single, modern interface. The integration with Abacum connects your workforce data directly to financial planning, enabling more accurate budgeting and strategic decision-making.
Benefits of Integrating Justworks with Abacum
• Sync payroll data automatically from Justworks to Abacum for real-time headcount planning and compensation analysis
• Eliminate manual data entry between HR and finance systems, reducing errors and saving hours of administrative work each month
• Build accurate departmental budgets with live employee cost data including salaries, benefits, taxes, and other compensation elements
• Create dynamic workforce scenarios that instantly show the financial impact of hiring plans, salary adjustments, and organizational changes
• Connect employee metrics to financial performance for better unit economics and profitability analysis by team or department
• Maintain a single source of truth for headcount costs across payroll processing and financial planning systems
• Enable finance teams to forecast labor costs with confidence using actual payroll runs and benefits data from Justworks
• Accelerate month-end close with automated reconciliation between payroll expenses and financial statements