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Abstra

Abstra: End-to-end finance automation with AI

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Added
May 14 2024

About Abstra

Abstra is a workflow platform for finance teams that automates and orchestrates end-to-end processes. It connects ERP systems, banks and portals to unify data, steps and actions across the organisation. The tool provides ready-made connectors and the ability to build new integrations in a few days, aiming to reduce IT backlog and enable teams to describe and implement their finance processes.

Abstra converts rule-based processes into operational flows. Each step has a role, auditable rules and exception handling, designed to prevent month-end scramble. The platform supports reading documents, validating with deterministic rules, executing writes to ERPs and banks, and delivering outcomes with an auditable trail.

Abstra focuses on automating core finance areas such as accounts payable, reconciliation, accounts receivable, tax and cash flow. It emphasizes controlled flows, isolation per client, and an audit trail, with data protection and non-training of the model. The approach blends AI assistance with human review for ambiguous cases and managed escalation.

Abstra describes its plans and integrations as tools to map, build and productionize finance automations. It mentions a hybrid build approach, specialist implementation, and a dashboard that keeps stakeholders informed. The platform highlights 200+ connectors, ERP integrations and multi-entity capabilities to support complex finance environments.

Use cases

  • Automate invoice intake and routing to ERP

Key features

  • Connect ERP systems, banks and portals to the same finance process
  • Turn rules and processes into operational flows with AI
  • Audit trail and isolated client environments
  • Automated reconciliation and ERP write-back
  • Tax and compliance automation for filings and ERP posting
  • Extensive integrations with 200+ connectors
  • Dashboard and real-time visibility of processes

Pros and cons

Pros

Connects disparate finance systems into a unified workflow

Reviews

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Frequently asked questions

Can we customize matching rules?
Yes. Amount and date tolerance, customer mapping, multiple deposits and refund handling are built per customer. Low-confidence matches go to human approval before write-back.
Do you replace my ERP?
No. It acts as the pipeline that captures, classifies, calculates and posts into the ERP you already use.
Does it work with portals without API?
Yes. We use RPA/browser agents when the portal requires login and captcha, with a trail of what was downloaded and issued.

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