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Numeric is an AI-powered platform that transforms your accounting lifecycle by automating manual tasks like reconciliations, variance analysis, and close processes. It allows lean finance teams to focus on strategic work instead of repetitive routines, connects subledgers, automates workflows, and validates financial data for audit-ready accuracy. With seamless ERP integration, integrated workpaper management, and AI-driven reporting, Numeric delivers a unified and efficient month-end close experience.
How It Works
- Seamless ERP Integration:
- Connect to NetSuite, Xero, QuickBooks Online, and Sage Intacct for live data refreshes every 1-2 minutes.
- Proactive Discrepancy Alerts:
- Numeric actively checks accounts and immediately flags new transactions impacting reconciled accounts with instant notifications.
- Integrated Workpaper Management:
- Link Google Drive, SharePoint, or Box to add/edit workpapers and keep everything in sync with auto-pulled subledger balances.
- Automated Reconciliations:
- Set accounts to auto-submit when balances are within your threshold, reducing manual review for predictable accounts.
- Smart Subledger Creation:
- Build and manage subledgers for items like prepaid expenses and fixed assets directly in Numeric.
- AI-Assisted Reporting & Technical Accounting:
- AI generates first drafts for flux analysis and accounting policy memos (e.g., ASC 606, stock compensation).
- Streamlined Onboarding:
- Numeric's team guides setup and integration, helping configure your close checklist and connect all systems.
Use Cases
Accelerating Month-End Close
Streamline and automate the financial close to cut days off your cycle and increase efficiency.
Enhanced Account Reconciliation
Leverage real-time ERP data, auto-submission, and proactive flagging to modernise reconciliations for all GL accounts.
Automated Flux Analysis & Technical Accounting
Generate AI-powered flux explanations and robust first drafts of accounting policy memos for compliance and insight.
Features & Benefits
- Close Management: Organise close processes, automate reconciliations, and leverage AI to reduce repetitive tasks
- Smart Subledgers: Automated schedules and journal entry posting for adjustments (e.g., fixed assets, amortisations)
- Reporting & Analytics: Deep insights via AI-generated flux explanations and flexible reporting tools
- Technical Accounting AI: Draft complex accounting policy memos (ASC 606, stock-based compensation)
- Real-time ERP Data Access: Direct, up-to-date transaction-line detail to expedite reconciliations
- Integrated Cloud Storage: Link and edit supporting workpapers in-platform from Google Drive, SharePoint, Box
- Automated Reconciliation Submission: Auto-submit accounts meeting materiality thresholds, freeing up review time
- Comprehensive Transaction Drill-downs: Access full transaction drill-downs throughout the platform
- AI-Native Platform: Continuous updates; new features every month
- Enterprise-Ready Security: SOC 1/2 certifications, SSO/SAML, end-to-end encryption
- Rapid Implementation & ROI: Fast onboarding and high returns, award-winning
- Dedicated Support: Named success manager, tailored training, templates, and a comprehensive Help Centre
Target Audience
- Accounting and finance teams: Controllers, Finance Managers, Senior VP of Finance, CFOs, Assistant Controllers, Accounting Managers, Senior Accountants
- Startups and enterprises aiming to modernise and automate financial close cycles
- Organisations with lean teams seeking to decrease manual workloads and amplify strategic contributions
- Companies with numerous account reconciliations needing scalable solutions
- Businesses using leading ERPs (NetSuite, Xero, QuickBooks Online, Sage Intacct)
- Firms focused on audit readiness, accuracy, and operational efficiency
Pricing
Pricing information is not available in the provided text.
FAQs
How does Numeric improve the account reconciliation process?
Numeric modernises account reconciliations by providing real-time transaction-level data directly from your ERP. It eliminates manual uploads, helps identify out-of-balance transactions, and offers tools for auto-submission and flagging unresolved items, leading to faster and more accurate closes.
What makes Numeric’s ERP integration different from other reconciliation tools?
Numeric offers live ERP integrations with NetSuite, Xero, QuickBooks Online, and Sage Intacct. For NetSuite and Xero, it pulls the full transaction register, refreshing data every 1-2 minutes, ensuring teams always have the most up-to-date view without manual digging or batch uploads.
Can I manage and edit my workpapers inside Numeric?
Yes. Numeric connects directly to your cloud storage system—Google Drive, SharePoint, Box, and others—so you can link existing workpapers to each reconciliation. You can also edit these workpapers right from within the app, and Numeric pulls in your subledger balances, keeping everything in sync as you work.
What happens when new transactions hit an already reconciled account?
Numeric actively monitors every account for changes. If a new transaction posts after an account has already tied out, the system flags it and immediately shows you the specific transaction that caused the discrepancy. This proactive alerting helps teams maintain accuracy in real time without redoing work unnecessarily.
Can Numeric automatically submit reconciliations?
Yes. If an account balance ties out and falls within your set materiality threshold, you can configure it to auto-submit. This feature is especially useful for low-risk or recurring accounts where balances rarely fluctuate, saving teams time.
How does Numeric handle reconciling items like outstanding checks or delayed deposits?
When a transaction causes a variance but is expected (like an uncashed check), Numeric lets you post it as a reconciling item directly within the platform. If it remains unresolved for more than 30 days, you’ll receive a heads-up, helping you keep an eye on aging items without needing to track them manually.
Build with VideoSDK’s AI Agents and Get 10,000 Free Minutes!
Integrate voice into your apps with VideoSDK’s AI Agents. Connect your chosen LLMs & TTS. Build once, deploy across all platforms.
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