Abacum is a SaaS company that provides collaborative workflow and planning platform for SMB's finance teams to boost productivity and strategic impact.

Abacum

Abacum is the FP&A platform that turns data into strategic impact.

Stop the spreadsheet struggle. Automate your reporting and forecasting for real-time visibility and drive results.

We empower finance teams to:

👉Drive efficient growth with faster revenue forecasts, scenarios and headcount planning.

👉Free up time by automating Board decks and monthly performance and reforecasting reports.

👉Increase your time for analysis with all your operational and financial KPIs in one place, in real-time.

👉Drive budget owner accountability with structured workflows.

Experience the power of automated FP&A with Abacum. 

Time is money. Insights too. 💸📊

Y Combinator

Creandum

K Fund

PROfounders Capital

Avi Meir

Jenny Bloom

Justin Kan

Maximilian Tayenthal

Mike Asher

Thomas Lehrman

FJ Labs

Atomico

s16vc

Carmine Visconti

Felipe Navio

Ingo Uytdehaage

Juan Urdiales

Zac Prince

Roll out the red carpet! 🌟 
Get ready to give a warm welcome to our new joiners:
Víctor Ramón Rodríguez Calderón, Lydia García, KHUSHBOO KHOJA, Martin Nwaokolo and Christiane Leite Tome

We are thrilled to have you on board! 🌈🚀

Finance is no longer about just data crunching; it's about being an strategic business partner and driving tangible value. 🚀 

Julio Martínez, Co-founder and CEO of Abacum, and Paul Barnhurst, The FPandA Guy have teamed up to share insights in an article outlining ten strategies for elevating your game as effective business partner. https://lnkd.in/dBghwJ2e

Want to know more? Join our upcoming Linkedin Live on February 6th 🎥
🔥 Register here: https://lnkd.in/dYYUVSTq

Join us on February 6th for a live discussion between Julio Martínez, Co-founder and CEO at Abacum, and Paul Barnhurst, The FPandA Guy, to discuss strategies for elevating your game as effective business partners 🔥

Today's spotlight is on our incredible CEO and Co-founder, Julio Martínez!

He describes himself in just a few words: 🤵 Husband, 👨👧👦 3x Father, 🚀 CEO and Founder, and living life as a stoic, minimalist, and proud vegetarian 🥦.

Despite an initial dream of becoming a paella cook, destiny had other plans, leading Julio on a 20-year adventure filled with diverse experiences in finance, technology, and entrepreneurship. He spent time in investment banking in NYC, Sao Paulo, Zurich, and London and launched four fintech products to market.

Today, he stands as the co-founder and CEO of Abacum, an FP&A platform designed to automate, analyze, and forecast for strategic impact. Abacum is the brainchild born from Julio Martínez and Jorge Lluch’s own struggles in the finance world.

Beyond the boardroom, Julio is a family man at heart, and he lives in the vibrant city of New York with his amazing wife and three high-energy children.

A lover of stoicism, particularly that of Epictetus, Julio embraces daily practices such as Vipassana meditation and journaling to clear his thoughts and make better decisions.

Julio is eager to connect, hear your thoughts, and share life experiences – feel free to reach out and join the conversation! 💬

When it comes to the annual close process, efficiency is key. 🗝 
Which is why it is important to acknowledge that closing the financial year is not a one-person project. 🤝 

To start the journey towards a smooth close, make sure you define the process, and make a checklist of everything you need to complete. Then start by working backwards from your fiscal close date, establishing clear target dates to avoid missing any critical deadline. 

We know that there are many moving parts, which is why Jorge Lluch along with the team at Rillet has created this guide to give you some key suggestions to help you get ready to close the books. 👇

https://lnkd.in/d7jNHWej

It was great joining Rise, created by Barclays, and being part of their “Founder Stories” series. I had a blast sharing Abacum’s story, the vision Jorge Lluch and I have of making finance teams the heroes in their organizations, and the learnings I’ve collected along the way.

Thank you so much for having me and making it happen – Carina Oriel and Mary Miller

🙏

Gear up for a successful annual close! 🏁

On average, the finance team takes 25 days to complete their annual close 😱. That's why Jorge Lluch, along with the team at Rillet, has created this ultimate guide to help you navigate this critical period with ease and confidence.
 
Dive into essential steps for a seamless annual close 👇
https://lnkd.in/d7jNHWej

As we embrace the start of the new year, let's reflect on the beginnings that shaped our journey. 🛣️

Cast your mind back to 2020 – the year when Zoom calls became our social hub, and the world collectively embraced sweatpants as the ultimate fashion statement. 🦠

Amidst this chaos, Julio Martínez and Jorge Lluch founded Abacum. Many might think that this was the absolute worst time to start a business; however, Julio and Jorge believed it was a winning idea, irrespective of the global pandemic. 

Both possessing a robust background in Finance, they recognized a pressing need in the market for a solution to handle FP&A processes more efficiently. Thus our mission was born: To make Finance the hero of every organization! 😎 

The company started as a fully remote entity with just a few employees but soon started growing and bringing value to the market, securing a seed funding of $7 million in April 2021, followed by a $25 million Series A round in November 2021.

Fast forward almost four years, Abacum now boasts a team of more than 90 employees worldwide, serving clients across the globe. But the story continues, and we're thrilled to share the next chapter of success with you. 

Stay tuned for what's to come in 2024! 🚀

It’s that time of the year again where Finance teams are closing their fiscal year!
That’s why together with the team at Rillet we have created the ultimate guide to help you navigate this critical period with ease and confidence. 📗 

Dive into our advice and the preparations you can take for a smooth annual close 👉 https://lnkd.in/d7jNHWej

Budgets aren't just about numbers.

They're about translating decisions into execution.

Try this to redefine your budgeting strategies:

1. Break the illusion of control.

Don’t rely on guesswork and projections that are too far ahead. This creates a false sense of control. It's more productive to focus on actual business progress rather than relying on 12-month forecasts.

2. Outdated already. 

I see budgets often become outdated even before the fiscal year starts. That’s because they depend on past data, ignoring current industry dynamics or market trends. The tech industry moves fast, making this approach dangerous.

3. Remove the low-value process.

The FP&A budgeting process is time-consuming and has no actionable value. Instead, frequent, accurate forecasting and market analysis can offer more timely insights. Aim for that.

4. Don’t set and forget.

Annual budgets are treated as unchangeable documents, despite constantly evolving business and market conditions. This rigidity can hinder the ability to seize new opportunities and align budget targets with business objectives.

Takeaway:

Get real-time data updates, share insights into trends and be ready for uncertainty with live rolling forecasting. The real challenge for finance is to cut the noise out of the data and get useful insights.

Finance can do better.

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