Abacum brings clarity, alignment, and speed to the entire budgeting process. Instead of wrestling with spreadsheets, finance teams and department heads work together in one centralized workspace, combining top-down goals, bottom-up inputs, and AI-powered insights to create budgets that are accurate, collaborative, and future-ready.

With Abacum's year-end budgeting platform, you can:

• Unify strategy and execution by seamlessly combining top-down revenue targets with bottom-up departmental budget requests

• Collaborate in real-time with live workspaces, structured approval workflows, and comprehensive task tracking

• Budget smarter with AI using advanced forecasting models, automated summaries, anomaly detection, and intelligent expense classifiers to guide critical budget decisions

Step-by-Step Year-End Budgeting Process

1. Plan in one centralized space: Work from a dedicated Budgeting Space with structured views for revenue targets, cost roll-ups, headcount, and a real-time P&L. Everyone contributes to the same version, with tracked inputs and permissions.

2. Combine top-down and bottom-up: Leadership defines strategic targets, while budget owners input assumptions on sales, hiring, and expenses. AI Forecasting and AI Summaries help reconcile the gap between goals and capacity.

3. Manage expenses with control: Department heads submit requests for hires and supplier costs, while Finance keeps oversight. AI Classifier tags new transactions automatically, and Anomaly Detection flags unusual expenses before they become problems.

4. Adopt rolling forecasts: Budgeting doesn’t stop in December. Abacum enables continuous planning by comparing actuals vs forecasts, updating models with one click, and keeping your plans aligned with real performance.