Abacum

AI regulations and risk. Fun times. Let's get real – AI sounds impressive until it doesn't. And in finance, "sounds impressive" isn't enough. Here are the three key ways AI can go sideways: Wrong Answers – AI can be a smooth talker, but "sounds good" ≠ accurate. In finance, data mistakes are your silent killer. Internal Data Leakage – Ever wondered if someone could ask Slack or a chatbot for your manager's salary... and actually get it? Regulatory Exposure – GDPR isn't going anywhere – so neither should your compliance standards, whether you're dealing with Europe or the U.S. Here's your mitigation roadmap: First, start in areas where data is clean, outcomes are easy to validate, and permissions are tight. Think: forecasting and data cleaning—projects you can actually review and trust. Second, remember that AI isn't truly "smart." One minute it gives PhD-level insights, the next it can't count the "r"s in "strawberry." Always double-check everything. Finally, if you're building or buying AI tools internally, treat it like any major system investment—vet the vendor thoroughly, contract for shared risk, or plan your DIY with the full budget and scale in mind. Because when AI works well, you win. When it doesn't... it's expensive (and messy). Read the article: https://lnkd.in/dMhzFH2c

We looked into how finance teams are adopting #AI in their FP&A workflows. Here's what we learned: 🤖 Over 30% of CFOs are now using AI in their planning processes, and that number peaks at 50% in the U.S. 📊 75–80% of AI usage is focused on automating table reporting. 📅 Most AI activity happens during forecasting season (Q3 and Q4), with a big focus on mapping and classification to reduce manual errors. At Abacum, we're helping finance teams bring AI into their everyday workflows. See how: https://lnkd.in/dnfFp_zW

📢 Scale Your Finance Function Now Join Ryan McDonald from Abacum and Adam Ladd from NoBlue2 for a live webinar on how high-performing finance teams are eliminating manual workflows and scaling FP&A with integrated platforms like NetSuite + Abacum. What you'll learn: 1️⃣ Why spreadsheets fail as your team grows 2️⃣ How to connect Abacum with NetSuite for instant visibility 3️⃣ Real-world FP&A automation success stories 4️⃣ Practical steps to streamline finance operations 5️⃣ AI's expanding role in modern finance Perfect for: CFOs, FP&A teams, Accounting, Strategy and Operations professionals – anyone looking to scale finance with confidence in this upcoming planning season. 🗓️ August 19th | 1PM BST 📍 Live & free webinar 🔗 Reserve your spot: https://bit.ly/4ol1JPOO

What’s your fundraising playbook? It's been 6 weeks since we announced our $60m Series B, and we are now sharing the playbook of how every finance team and company can apply these practices and principles to achieve the same results. That’s why we’ve created our new guide: The CFO playbook for growth-stage funding 💰 Check out the quick video from Jorge Lluch, our co-founder, below for the details! 🔗 Download to read the entire guide link, in the comments

🤝 Meet Joan Adan, CFO at INBRAIN Neuroelectronics, a pioneering startup shaping neuro-therapies! From day one, their team embraced the potential of Abacum and ran with it. It takes time, effort, and vision, but this is exactly why we love working with customers like INBRAIN. Forward-thinking, mission-driven, and never afraid to dive deep. Thank you to Joan and the entire team at INBRAIN for trusting us on this journey. We’re proud to support your growth as you deliver life-changing solutions to patients worldwide. 💜 🚀 🔗 Read the full case study: https://lnkd.in/d2B_m4SQ

Are you based in Toronto? We're coming your way! 🚀 On August 6th, meet Nirv Hulangamuwa, stephen hedlund and Ian Cugniere to see live demos from Abacum, Rillet and Anrok, three leading AI-native platforms transforming accounting, FP&A, and tax. Then, connect over dinner with local finance leaders to discuss how AI is reshaping the finance function. 💻 RSVP for the Demo Day: https://lu.ma/k1wskvao 🥂 RSVP for the Dinner: https://lu.ma/bqv5hy21 #AIinFinance #Toronto #FPandA #Accounting #TaxTech

The Founder Playbook #3 🔖 Cash runway isn’t just a finance metric... It’s your startup’s oxygen. 🧪 👉 But here’s the problem: Outside of finance, it’s often misunderstood and underestimated. In this week’s episode of The (C)FOunder Playbook, Jorge Lluch shares how he explains runway to non-finance stakeholders (Spoiler: Abacum has made it easier). Got a funny story of your own trying to explain runway or another financial term? Drop it below, Jorge will be reading them. 👀 #founderplaybook #cfoplaybook #cashrunway #abacum

Finance should own your data strategy. Not just FP&A. Not just budget vs actuals. All of it: RevOps, BI, and the data team. Here's why: 1️⃣ Finance is the only team with the incentive to get it right 2️⃣ We're already responsible for insights that drive decisions 3️⃣ And now, with AI sitting on top of your data stack, the value of centralized ownership has never been greater In this week's Stories from the Trenches, we share a story that's becoming all too common: → RevOps buried in the CRM → Finance stuck in the ERP → Data teams juggling disconnected reports in the warehouse Everyone was "data-driven". Everyone had different numbers. No one trusted anything. If Finance doesn't run the show, AI will only generate more conflicting answers, faster. This newsletter dives into: 📌 Why Finance is uniquely positioned to own the data function 📌 What goes wrong when teams are siloed 📌 How to structure for centralized, AI-ready decision-making 📬 Join 15,000+ finance leaders reading the next issue of Stories from the Trenches (it's being sent tomorrow at 11AM). Subscribe here: https://bit.ly/44Hj2S2

We analyzed how our clients are approaching #scenarioplanning in 2025. Here’s what we found: 📈 Companies are now running 6 active scenarios on average. Double from Q4 2024. 📊 The most common scenario types are revenue, P&L, headcount, and cash flow. 🌍 There is a regional split: While, in Europe, teams are modeling cash flow & balance sheets, in the United States the focus is on topline and workforce dynamics. At Abacum, we’re helping our client’s finance teams bring all these scenarios to life, not just model them. Talk to our team and they'll show you how!

Annual planning is the Super Bowl of FP&A. 🏈 It's high stakes. It's cross-functional. And it can either earn Finance a seat at the table, or leave them buried in spreadsheets. That's why we built Abacum to enable finance teams to plan with confidence, and make better decisions, faster. In this 4-minute video, Nirv Hulangamuwa show how Abacum helps industry leaders: 1️⃣ Run instant driver-based forecasts – sync your financial and operational data across tools in real time 2️⃣ Ditch Excel for headcount planning – directly integrate with HRIS & ATS systems to cut manual work 3️⃣ Model the business how it actually works – with custom dimensions and a unified data layer Annual planning season doesn't have to be painful, and the teams that start thinking about it now are the ones that are winning with Abacum in October. Abacum is here to make business planning your biggest win! 🏆