Numeric: Revolutionizing Accounting with AI-Powered Close Automation
In the realm of accounting, Numeric has emerged as a game-changer. It offers an AI-powered close automation solution that is transforming the way accounting teams operate.
Overview
Numeric provides a comprehensive platform for accounting teams. It enables them to organize their close processes, streamline reconciliations, and leverage the power of AI for various tasks such as auto-drafted flux analysis and lightning-fast reporting. With Numeric, teams can trust that their financials will be audit-ready and accurate, without the arduous grind typically associated with such processes.
Core Features
One of the standout features of Numeric is its ability to act as an AI-assistant throughout the entire accounting lifecycle. It takes on tasks like balance sheet reconciliations and uncovering the drivers of variance in flux analysis, freeing up the team's time from these manual and often time-consuming tasks. This allows the lean accounting teams to focus more on impactful work rather than getting bogged down in the mundane.
Another key aspect is its one-platform-for-all approach. It serves as an AI-assisted month-end close platform where teams can connect their subledgers, automate accounting workflows, and validate their financial data with ease. The integrated design with existing systems and its modern, lightning-fast interface make it a user-friendly option.
Moreover, Numeric offers full transaction drill-downs everywhere, ensuring that users can get to the exact answer they need. Being an AI-native platform, it continuously evolves with new features being released every month, leading the space in innovation.
Basic Usage
Getting started with Numeric is straightforward. Accounting teams can begin by using it to organize their close, automate reconciliations, and leverage AI to reduce the time spent on recurring tasks. This enables them to close faster and with more confidence.
When compared to other existing solutions in the market, Numeric stands out. For instance, Corey Griffin from Betterment noted that Numeric's discover features provide a roadmap for flux analysis, which was a cumbersome task when using a google sheet and having to dig for details in Netsuite before. Sarah Hill from DailyPay also attested to its superiority, stating that it offers the best service compared to similar platforms like FloQast and BlackLine. And Brian Weisberg from Tidelift mentioned how it has significantly helped him as a CFO, allowing him to complete reviews in a fraction of the time it would normally take.
In conclusion, Numeric is not just another accounting tool but a powerful ally for accounting teams, leveraging AI to bring efficiency, accuracy, and speed to the accounting close process.
