Abacum makes it simple to transform and prepare your financial data for analysis with built-in ELT capabilities. Instead of relying on external tools or complex coding, you can clean, shape, and enrich your datasets directly within Abacum. Whether it’s applying formulas or leveraging AI classifiers, your data is always ready for planning and reporting.

Streamline Your Data Transformation Process

With Abacum's integrated data transformation tools, you can:

• Shape datasets in minutes using intuitive, low-code transformations that require no technical expertise

• Apply advanced formulas or AI classifiers to automatically categorize, enrich, and cleanse your financial data

• Work with real-time, synchronized data that updates automatically from your ERP systems and other critical integrations

• Eliminate data silos by consolidating multiple data sources into a single, coherent view

• Reduce manual errors through automated data validation and transformation workflows

Step-by-Step Guide to Data Transformation

1. Access Your Raw Dataset

Navigate to Abacum's Data / Datasets section to view the unprocessed financial data imported directly from your ERP system or other integrated platforms (such as General Ledger tables, accounts payable, or revenue streams).

2. Clean and Structure Your Financial Data

Utilize our built-in data editor to:

• Adjust column configurations and data types

• Add calculated columns for enhanced analysis

• Reorganize dataset structure to match your reporting requirements

• Remove duplicates and handle missing values efficiently

3. Apply Intelligent Transformations

Transform your data using powerful automation features:

• Implement simple IF statements and conditional logic for data categorization

• Deploy AI classifiers to automatically segment suppliers, chart of accounts, or cost centers

• Create custom business rules that reflect your organization's unique operational structure

4. Create Enhanced Data Views for Analysis

Build comprehensive datasets by:

• Adding calculated fields that derive meaningful business metrics

• Combining multiple dimensions to create unified reporting views

• Establishing data relationships that mirror your actual business processes

• Creating standardized formats across different data sources

5. Prepare for Strategic Financial Analysis

Once your data transformation is complete, your enriched datasets become immediately available across:

• Budget planning workflows with accurate, categorized financial data

• Forecasting models that leverage clean, structured information

• Executive reporting dashboards featuring consistent, reliable metrics

• Variance analysis comparing actual performance against projections

This streamlined approach ensures your finance team can transform your data without external dependencies, manual manipulation, or time-consuming data preparation tasks, enabling faster decision-making and more accurate financial insights.

Disclaimer: This video is part of a 10-step-by-step series on how to construct your FY’26 Budgeting in Abacum. Have a look at the other steps here!