Launch HN: Abacum (YC W21) – Easy collaboration and reporting for finance teams

50 points | by Juliomartinez 150 days ago

10 comments

  • telaandrews2 150 days ago
    Congrats on the launch, Jorge and Julio! The fintech space is crying out for better, easier experiences that lead to better decisions, faster. Your UI demonstrates that you've thought through the domain to its primitives and is well-organized, so well done!

    One of the big challenges is onboarding customers and their data. The integration toggles and menu item for data mappings are thoughtfully organized, but how much of it is self service?

    • Juliomartinez 150 days ago
      Thanks! We really appreciate the positive words. We've both faced this problem before and set out to build what we always wanted.

      Yes self-service is a challenge. It really depends on how complicated the model and different data sources a customer uses are. We have a 7 star FP&A Ops team to help customers get started and show them what they can manage on their own. That area is growing day by day!

    • KFC_Manager 150 days ago
      Congrats on the launch! This looks super helpful. I've found in previous roles that formalizing processes in something more rigid vs. excel actually makes things much more efficient. How do you see yourself differ from something like https://www.workiva.com/ or https://golayer.io/?
      • Juliomartinez 150 days ago
        Thanks! We agree with you. It's about finding the right level of flexibility for the stage of your business.

        From what I understand, workiva is an awesome product focused on the data preparation phase of analysis and reporting. We focus on the next part in the process - modeling, analysing and forecasting, using tools made specifically for FP&A teams

        From what I understand, Golayer is a great product built on top of your existing google sheet or excel with collaboration happening around a spreadsheet. We approach things differently at Abacum, offering a native experience that scales with your business, where collaboration happens within a platform full of Abacum tables, embedded excels, supporting screenshots, new forecasts, etc.

      • fox_hedgehog 149 days ago
        Congrats on the launch Jorge and Julio! I would love a demo: jevan@ae.studio Thanks!
        • Juliomartinez 149 days ago
          Hi Jevan, thanks so much for your interest! We'll reach out :-)
        • villasv 150 days ago
          > Trusted by companies backed by these [...]

          This feels a bit... underhanded. Good looking solution, though.

          • Juliomartinez 150 days ago
            Good point. We don't mean to come across as underhanded.

            Our customers use Abacum to report their financials to their investors, which include the logos in this list. We should be more precise with the copy in this section!

          • felipellrocha 150 days ago
            This looks great! very polished look, and certainly useful. What does your pricing look like?
            • Juliomartinez 150 days ago
              Thanks!

              We serve a broad range of customers, Series-A to public, so the price paid can vary quite a lot. We calculate it based on a function of complexity, modules, seats, support needed, etc.

              Happy to have a deeper conversation and/or demo if you're interested! Drop us a note and mention HN-> Sales@Abacum.io

            • gegtik 150 days ago
              I think you may be hamstringing yourself launching a serious business product with cum in the name
              • Juliomartinez 150 days ago
                The name comes from a play on Abacus, the calculating tool from ancient times.

                In latin languages Abacum is pronounced differently, but I can also see how that doesn't matter in some markets. Who knows, maybe this will make us more memorable...

            • wmab 150 days ago
              Congrats on the launch, this looks nice! How does your pricing model work?
              • Juliomartinez 150 days ago
                Thanks! Copying the response from a similar question below

                We serve a broad range of customers, Series-A to public, so the price paid can vary quite a lot. We calculate it based on a function of complexity, modules, seats, support needed, etc.

                Happy to have a deeper conversation and/or demo if you're interested! Drop us a note and mention HN-> Sales@Abacum.io

              • insidiuos 150 days ago
                This is awesome! Would love to see our finance department use this ;)
                • Juliomartinez 150 days ago
                  We'd love to talk with them :) Drop us a note and mention HN-> Sales@Abacum.io
                • imazio 150 days ago
                  It looks amazing, congratulations guys!
                • forgotmysn 150 days ago
                  how do you guys compare with Jirav?
                  • Juliomartinez 150 days ago
                    From what we understand, Jirav is a great player with an emphasis on driver-based models owned and operated by a single person. Abacum was built with collaboration at the core and we make it easy to include more voices in the planning process, leading to a better view of your business in our view.
                    • PatrickRyan77 142 days ago
                      I use Jirav. They have full collaboration capabilities so many people in my org can input into the budget, forecast, etc across multiple plans.