Numeric

What if your month-end close could be measured in hours, not days?

RecommendedNumeric offers a comprehensive, AI-driven solution to modernize and streamline accounting operations for complex finance teams, promising significant time savings and improved financial clarity.

Numeric unifies close management, reporting, and cash for accounting teams, leveraging AI to automate tasks like bank reconciliations, journal entry drafting, and flux analysis. It aims to provide real-time insights and reduce the time spent on manual processes, making accounting more efficient and audit-ready.

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Key Features:
  • AI-powered Close Management (Checklist, Account Reconciliation)
  • Cash Management (Cash Matching, JE Automation, Bank Integrations)
  • Analytics Suite (Flux Analysis, AI-driven Reporting, Transaction Monitors)
  • Audit-ready documentation with comprehensive audit trails
  • Flexible report builder with AI Assistant for quick queries
Pros
  • Complex accounting teams struggling with lengthy month-end closes.
  • Finance departments needing audit-ready documentation and enhanced control.
  • Companies using NetSuite or other mature ERPs seeking advanced automation.
Cons
  • Pricing for Growth and Enterprise tiers is custom and requires a demo.
  • The platform is designed for 'complex accounting teams,' suggesting it might be overkill for simpler operations.
  • Full benefits are realized with ERP integrations, particularly NetSuite.
Pricing
paid
Starting at:$30/month/user
Plans
  • Essentials: Starts at $30/month/user (Project management, basic AI Assistant)
  • Growth: Custom (Live ERP/file storage integration, auto-reconciliation, flux analysis)
  • Enterprise: Custom (Transaction monitoring, custom reporting, live bank feeds, cash management)
Categories:
Finance & AccountingAutomation & IntegrationData & Analytics
Tags:
accounting automationmonth-end closefinancial reportingcash managementreconciliationflux analysisERP integrationAI in finance
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Quick Decision
Try if: You are a complex accounting team struggling with manual, time-consuming month-end closes and need an AI-powered platform to unify close management, cash, and reporting.
Skip if: You are a small business with very simple accounting needs or are looking for a free/low-cost basic close checklist tool without advanced automation.
Not for: Very small businesses with simple accounting needs.; Teams looking for a basic checklist tool without advanced AI capabilities.
Trust Signals

  • Team Size

    medium
Notable Customers
STASHGOATBrexPlaidRiskified
Tech Details
Platforms
web
Integrations
NetSuiteQuickbooksXeroSlackThousands of banks worldwide
Open Source
No
Support
Channels
emaildedicated customer success manager1-1 trainingshelp center
Company

  • Name

    Velocity Labs Inc. d/b/a Numeric

  • Location

    San Francisco, CA

Numeric is building the new operating system for finance teams, re-engineering the financial operating system to account in real-time, powerfully transform and report on underlying data, and tackle complexity elegantly. Their mission is to empower every business to have perfect financial clarity.

FAQ

What is Numeric and what problem does it solve?

Numeric is an AI close automation platform designed for complex accounting teams. It unifies close management, reporting, and cash processes to reduce manual work, accelerate month-end closes, and provide real-time financial clarity. It addresses the pain points of fragmented systems, brittle spreadsheets, and time-consuming manual reconciliation.

How does Numeric use AI in its platform?

Numeric leverages AI for various accounting tasks, including instant account reconciliation, automating over 90% of bank reconciliations, drafting and posting journal entries, putting flux analysis on autopilot, building flexible CFO-ready reports, and catching data issues with transaction monitors. It also features an AI Assistant for quick report generation from natural language queries.

What are the different pricing plans for Numeric?

Numeric offers three pricing tiers: Essentials, Growth, and Enterprise. Essentials starts at $30/month/user and includes project management for close tasks and a technical AI Assistant. Growth and Enterprise plans are custom-priced and offer more advanced features like live ERP integrations, auto-reconciliation, flux analysis, transaction monitoring, custom reporting, and cash management capabilities.

Use Cases
  • Complex accounting teams struggling with lengthy month-end closes.
  • Finance departments needing audit-ready documentation and enhanced control.
  • Companies using NetSuite or other mature ERPs seeking advanced automation.
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