Abacus had not yet commented on the lawsuit or the allegations from Expensify as of press time. A method of expense reporting that automatically captures and organizes a continuous flow of expense data. Meanwhile, Abacus revealed its own partnership with Intacct in December to facilitate real-time sharing of data between the T&E and ERP platforms. This year, Expensify announced a partnership with TravelPerk to offer their joint solutions to customers. This 60-second video overviews how companies use.
Abacus is an expense management system reimagined for today’s teams and technology. Abacus is the only real-time expense management solution to reimburse your team, reconcile corporate cards, and automate your expense policy.
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And despite the enormous cost in both time and money (at a time when both were scarce), we chose to invest in both this technology and the patents to protect them.” Abacus Software 101: Real Time Expense Reporting - YouTube. “This ‘second-mover advantage’ obtained by copying the innovation of others is well known, and is the general basis for patent law. This 60-second video overviews how companies use Abacus for real time exp. “One fantastic aspect of technology is that it’s easier than ever to copy,” the executive writes. Abacus is an expense management system reimagined for today’s teams and technology. The automation functions allow for employees to link bank accounts to get deposits from. In the last paragraph, the post says Expensify is suing Abacus Labs “for infringement of two of our most core patents surrounding receipt scanning and, most importantly, the automatic matching of the scanned receipt to a credit card feed.”īarrett directs the reader to court documents “for all the gory details.” Abacus automatically flags unapproved expenses and passes the alerts on to the necessary higher-ups. Penned by Expensify founder and CEO David Barrett, the post delves into the spirit of innovation and Expensify’s ability to develop travel and expense management technology before explaining the lawsuit. Expensify published a blog post Friday (June 2) announcing the suit. Expensify Files Patent Suit Against AbacusĮxpensify has filed a lawsuit against its T&E competitor Abacus Labs alleging patent infringement.
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