Every company, from the smallest to the largest, knows it must start with efficient administrative management to ensure continued growth and profitability. Abacus, Switzerland's leading Enterprise Resource Planning (ERP) software and our strategic partner, aims at facilitating business control and management by optimizing business processes.
Abacus consists of several modules built using Artificial Intelligence and machine learning. The function of each of them is to facilitate automation and digitization of a company, providing it with the tools it needs to remain competitive by streamlining processes and eliminating administrative issues related to manual and paper-based management.
The different modules of which it is composed make Abacus an extremely customizable solution that can be adapted to any need of realities of all types, from SMEs to multinationals. In order to keep up with a constantly evolving system, functions are continuously developed and expanded, always with a user-friendly perspective that guarantees ease of use and high user comfort.
Among its various functions, Abacus stands out as a software for digitizing accounting and HR management. Two fundamental aspects for the proper functioning of a business, but for which still many companies remain tied to traditional management processes. A pity, considering how much software such as Abacus enables entrepreneurs to maximize productivity, saving costs and reallocating resources to the core business, giving maximum vent to creativity and talent.
Abacus to simplify business accounting
So much time spent, dedicated staff and energy invested in routine, onerous and difficult work: that's what Abacus allows you to leave behind, thanks to an innovative system that automates and digitizes accounting. Accounting has never been easier, from payroll processing, controlling and budgeting on the one hand, to recording, approving and processing expenses on the other.
#Wage accounting
As a Swiss product, Abacus payroll accounting meets all applicable legal regulations for insurance, taxes and statistics. Among its services, Abacus for payroll accounting includes complex payroll processing, including in foreign currencies, retroactive calculation, budgeting, and multiple assumptions.
#Simplified expense management
Managing expenses with Abacus means providing all employees simultaneously with the ability to enter and track economic movements, which will be available for everyone to see, anywhere and in real time. After entry, the system itself will process the indicated expenses.
#Operational and financial accounting
This feature groups a number of accounting activities, such as allocations and overhead rates, determination of fixed and variable costs, automatic year-end closing, and data entry for different companies.
#Performance and project accounting
This flexible tool makes it possible to check the profitability of individual projects, facilities, orders, and employees at any time, offering an overview of all value creation processes and providing the information needed for successful management of the company.
Abacus to facilitate HR management
Abacus' HR management functionality enables managers and employees to have access to data and processes relevant to them in a simple, digital, and real-time manner. In this way, efficient cooperation between different roles is developed and communication between team members becomes fast and confidential. Abacus HR modules include:
- Recruitment
- TheEmployee Self Service (ESS/MSS)
- The personnel file
- The operational plan
- Remuneration management
- The integrated recording of working hours, absences and expenses (mandatory for all Swiss companies)
What are the benefits of managing accounting and HR with Abacus?
Abacus allows you to save time, reduce costs and manage your resources in an automated and more efficient manner, with the ability to consult data online at any time: from invoicing to administration and personnel development, all at your fingertips.
Working with our Swiss technology partner Abacus, we at NFS Group support you in digitizing your processes and are at your side to foster entrepreneurship that enhances human creativity and ensures business continuity.
Thanks to a tool like Abacus, which automates operational tasks while minimizing the human burden, you can focus on what really matters to businesses: growth-driven business consulting. In this sense, we create the companies of the future, capable of generating value and sustaining it over time, thanks to our integrated consultancy and digitalization.
Want to find out how the support of a strategic consultant and the integration of innovative software like Abacus can help your company?
