Numeric
AI-powered platform for close automation and financial operations.
Numeric is designed to streamline the financial close process for accounting teams by leveraging AI technology. It targets financial departments and accounting teams seeking efficiency and accuracy in financial operations. The platform automates tasks involved in the month-end close, such as reconciliation and flux analysis, offering seamless integration with existing accounting systems to help teams close their books faster and with confidence. Economizing time spent on manual tasks allows teams to focus on more strategic financial decisions.
The solution includes key features like smart subledgers that automate journal entries and adjustments, as well as a reporting and analytics component that leverages AI for drafting flux explanations. Numeric provides audit-ready, accurate financials without the typical manual grind, making it a valuable asset for lean teams aiming to enhance their operational efficiency.
Pros:
- Seamless integration with existing systems
- Automates repetitive and manual accounting tasks
- Offers AI-driven analytics for informed decision-making
- Scalable and secure for growing teams
Cons:
- May require initial setup time for system integration
- Learning curve for users new to AI-driven platforms
- Dependence on system’s AI capabilities may limit flexibility
Features:
- AI-powered close automation - Speeds up the month-end close process
- Smart Subledgers - Automate journal entries and adjustments
- Flux Analysis - AI drafts explanations for variances
- Technical Accounting AI - Assists with complex accounting policies
Integrations:
- Netsuite - Integration for seamless financial data management
- QuickBooks - Connects to streamline accounting workflows
Pricing:
- Basic - Automated reconciliations and reporting
- Advanced - Includes AI-driven flux analysis
Implementation Timeline
Not Disclosed
Onboarding
Not Disclosed
Sandbox
Yes
API Available
Compliance
Not Disclosed
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