ABACUS uses AI generated code to read your reports, match your General Ledger balances to you Core balances, and report any anomolies.
Use the same GL, Core, third party reports you already use to balance manually.
ABACUS parses, reconciles, flags anomalies as well as creating summary and detail reports for each module in minutes.
Each days Balancing is recorded in a History database and can be saved for seven years.
All of your information, including the reports used as input are available in one location. If questions arise there is no need to search Document Management or manual storage to find the needed information.​
​How will ABACUS benefit my credit union?​
​
​
​​Eliminates data entry errors. By reading the reports electronically instead of entering the information manually, data entry errors are totally eliminated.​
​
History is saved for 7 years. The final Balancing Report and the input reports are saved for future reference or audit.​
​
​​​​Flexible frequency. Modules may be run daily instead of weekly or monthly; however, running more frequently may highlight any anomalies quickly where they may be more easily resolved.​
​
Central location. All of the information including the reports used in the balancing process are available in one location.​​​
ABACUS also offers several PLUS module to assist with Share Draft, Debit Cards, EFT, ACH, Mortgages, and Student Loans.
For more information, click here.
Frequently Asked Questions
​​What Core Applications does ABACUS Support? ABACUS is designed to connect with any Core Processor.
​
What General Ledger Systems do you support? ABACUS is designed to connect with any General Ledger System.
​
Is our information secure? ABACUS is hosted on our Amazon Web Services (AWS) server
Is this application designed specifically for Credit Unions? Yes.
​
Is support included in the fee? Yes, your subscription fee includes unlimited support.
What is involved in the installation? Your secure folder will be established, and the reports from your Core and General Ledger will be reviewed. You will then be operational. There is a one-time fee for installation.