Description
Numeric is an AI-native platform built to revolutionize the record-to-report process for enterprise accounting. It transforms financial data visibility into actionable insights, automating key close activities and accelerating reporting timelines. The platform is purpose-built for complex accounting environments, aiming to reduce manual work and eliminate spreadsheet reliance.
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At its core, Numeric integrates with various data sources, including ERP systems, bank feeds, and document uploads, to centralize financial information. It leverages AI to automatically match transactions, detect anomalies in general ledger data, and ensure compliance. This automation extends to core close tasks such as account reconciliations, where materiality thresholds can be set, and supporting work papers are connected.
Key capabilities include automated journal entry creation for unmatched transactions, cash matching that eliminates hours of manual effort, and real-time cash position visibility through bank integrations. The Analytics Suite provides automated flux analysis, allowing teams to group variances by revenue, operating expenses, or departments. It also enables the creation of custom reports with AI-generated commentary, facilitating collaboration on management reporting.
Numeric is designed for accounting teams seeking to improve efficiency and accuracy. It helps organizations achieve faster closes, maintain lean headcount, and produce CFO-ready reports. Case studies highlight significant reductions in close timelines, such as Brex reducing their close from 6 to 4 days, and Public.com shaving off 2 days from their month-end close. The platform empowers teams to focus on strategic initiatives rather than manual data manipulation.
The value proposition of Numeric lies in its ability to provide real-time insights into financial data as transactions are processed. By automating repetitive tasks and providing AI-driven explanations for variances, it significantly reduces the time and effort required for month-end close. This allows accounting professionals to dedicate more time to analysis and strategic decision-making, driving greater business value.
- CategoryFinance & Accounting
- Pricing ModelContact Us
- DeploymentCloud
Numeric's Core Features
AI-powered transaction matching
Automated journal entry creation
Auto-drafted flux analysis reports
Real-time cash management and reporting
Account reconciliation with materiality thresholds
Anomaly detection in GL data
Automated close checklist organization
Centralized bank data integration
Custom report building with AI commentary
MCP connector for custom workflow automation
Audit-ready close support
Reduced time to close
Increased team output
How to use Numeric?
Connect Data Sources: Integrate your ERP, bank feeds, and upload documents.
Automate Transactions: Leverage AI for automatic transaction matching and journal entry creation.
Streamline Reconciliations: Set materiality thresholds and connect supporting work papers.
Generate Insights: Utilize AI for auto-drafted flux analysis and anomaly detection.
Build Reports: Create custom financial reports with AI-generated commentary.
Collaborate and Close: Work with your team on management reporting and finalize the close.
Numeric's Use Cases
- Automated Close
- Transaction Reconciliation
- Flux Analysis
- Real-time Reporting
- Anomaly Detection
- Cash Management
- Journal Entry Automation
- Audit Readiness
