Overview

The AI-Native Platform for Accounting

Numeric is an AI-native platform designed to automate and streamline the record-to-report process for complex accounting teams. It unifies close management, reporting, and cash flow processes, leveraging artificial intelligence to enhance efficiency and accuracy in financial operations.

How Numeric Works

  • Data Integration: The platform connects to various data sources, including ERP systems and bank feeds, to ingest transaction lines, memos, vendors, and other critical financial details. It also supports uploading documents and CSV files for parsing.
  • Real-time Transaction Accounting: Numeric provides real-time visibility into financial data, offering alerts on transaction anomalies and matching transactions using AI-generated rules to ensure data integrity.
  • Automated Close Processes: Core month-end close activities are automated, including account reconciliations, auto-drafting of flux explanations, and identification of key variance drivers. The system helps pinpoint bottlenecks to improve overall close performance.
  • Custom Reporting & Collaboration: Users can build complex, flexible reports and automate commentary. The platform facilitates collaboration on management reporting, aiming to produce CFO-ready financial statements efficiently.
  • AI-Powered Agents: Numeric allows users to leverage its MCP connector to build custom agents, enabling the automation of multi-step workflows and further streamlining accounting tasks.

Key features

  • AI-powered close management and checklists
  • Automated account reconciliation
  • Cash matching and journal entry automation
  • Integrates with ERPs and thousands of banks
  • AI-driven flux analysis and reporting
  • Real-time transaction monitoring for anomalies
  • Custom agent building for multi-step workflows

Who uses it

Accounting teams in complex organizations and enterprises, including controllers, directors of accounting, and CFOs.

Pros

  • Automates a significant portion of bank reconciliations, saving hours of manual work.
  • AI capabilities auto-draft flux analysis explanations and identify variance drivers.
  • Centralizes financial data by integrating with ERP systems and numerous bank feeds.
  • Proven to reduce month-end close timelines for complex accounting teams.
  • Provides real-time transaction monitoring to detect anomalies before they impact the close.

Cons

  • Pricing information is not publicly available, requiring a demo request for details.
  • Primarily designed for complex enterprise accounting, potentially over-featured for smaller businesses.
  • Initial setup and integration with existing financial systems may require dedicated effort.

Our take

Numeric offers a specialized AI platform for accounting, focusing on automating the record-to-report cycle to improve efficiency and accuracy. It provides tools for close management, cash reconciliation, and financial analytics, aiming to reduce manual effort.

Pricing plans

Essentials

$30 /month/user

  • Project management for month-end, quarter-end, and year-end tasks
  • Segregation of duties with preparers and reviewers
  • Holiday calendar upload
  • Review notes and custom categories for tasks
  • Slack integration and daily digest
  • Email request automations
  • Technical AI Assistant

Growth

Custom

  • Live ERP and file storage integration
  • Auto-reconciliation & notification when an account no longer reconciles
  • AI-parsing of bank statements 
for reconciliation
  • Flux analysis
  • CPA led onboarding and ongoing training for the team

Enterprise

Custom

  • Ongoing transaction monitoring
  • Custom reporting
  • Unlimited flexible flux reporting 
(Ex. legal expenses QoQ, revenue account flux)
  • SAML (Okta, Duo, OneLogin, etc.)
  • Live bank feed integrations
  • Cash Management product (matching and JE automation)

Pricing details are provided for reference and may differ from the vendor's current plans.

Socials

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