Abra’s Financial Transformation with Digits

Abra, a pioneering Agentic AI Meeting Orchestration platform, helps Procurement teams skip meetings while staying aligned and in control of vendor relationships.

As Abra expands, Byron Revels, the co-founder and CEO, along with his team actively explore AI tools to optimize their operations and avoid increasing unnecessary headcount. This proactive practice is what led them to discover Digits, and ultimately transforming their financial management process and experience.

The Challenge

Initially, Abra relied heavily on QuickBooks and manual Excel processes for financial modeling. The company's team, including Byron, spent excessive time updating categorizations and producing financial statements for investors which was cumbersome and prone to errors.

"I was spending a ton of time trying to keep our financial model accurate and up-to-date." Byron noted.

The need for an automated solution that could ensure accuracy and provide real-time insights into their runway and overall financial health was clear.

Why Digits?

Abra discovered Digits while seeking AI solutions to streamline operations. Digits was chosen for its ability to:

• AI-Driven Automation: Seamlessly automate bookkeeping, eliminating tedious manual processes and reducing errors.
• Streamlined Financial Oversight: Effortlessly handle complex financial tasks, providing real-time insights and accuracy.
• Enhanced Efficiency: A user-friendly interface allowing easy categorization, saving time on financial modelling.

After implementation, Abra experienced additional benefits, including responsive customer service, which led to immediate integration of their feedback into the product. This experience cemented their decision that Digits was a far superior accounting platform, perfectly suited to meet the needs of their rapidly growing business.

"The swift response to our feedback on runway calculations was impressive, making us feel truly heard and valued as users!" Byron shared.

Results and Impact

Digits’ adoption led to significant improvements for Abra:

• Enhanced Financial Clarity: With AI-driven categorization, Abra gained reliable insights without labor-intensive manual checks. Byron described the process as, "A relief from the anxiety of double-checking mismatched numbers."
• Operational Efficiency: With Digits, Abra streamlined bookkeeping processes, saving almost 2 hours per week—totalling a full day reclaimed each month. This efficiency has enabled the team to spend more time focusing on strategic growth rather than back-office tasks.
• Reduced Error Margin: Automated updates in categorizations, like contractor classifications, significantly reduced error margins and improved trust in the system.
• Complete Transition: Abra has fully transitioned from QuickBooks Online to Digits, resulting in cost savings, a simplified technology stack, and a far more enjoyable accounting experience.

Future with Digits

Abra plans to continue leveraging Digits for quarterly reports and explore additional services such as tax preparation. They look forward to planned innovations like prompt-based AI assistants and tools, promising to further enhance their financial management. As Abra scales, Digits remains a crucial ally, providing the agility and precision needed to keep pace with their growth, setting a benchmark for innovative financial solutions.