Manage Recurring Spend
With the Recurring Spend Management feature, Abacus makes managing your spend simple by automating the identification and tracking of recurring transactions. This feature gives admins insight into recurring transactions for purchases such as software, subscriptions, and more.
On the Recurring Spend page, our machine learning-based model quickly analyzes your corporate card transactions and generates suggestions of potentially recurring vendor spend. This makes it easy for Admins to review and confirm the charges representing recurring spend. Once confirmed, Abacus will track the payment history for each type of recurring spend.
1. On the Admin sidebar, click Recurring Spend.
2. Potential recurring transactions are identified at the top of the page under Suggestions, based on similar dollar amounts, purchase dates, and merchants.
3. Click the X or Checkmark icon to deny or confirm that identified transactions are recurring.
4. After confirming the Suggestion, the Edit Payment History window opens. Using the checkboxes, review the transactions listed to make sure they are part of the recurring spend, then click Track Spend.
5. The recurring spend transactions now appear under the search bar on the Recurring Spend page.
6. Click the More Actions icon to mark a recurring spend as Inactive, or to access the Payment History and review the ongoing transactions.