Numeric

Numeric is an AI close automation platform that unifies close management, reporting, and cash management for complex accounting teams. It is designed for enterprise accounting, aiming to reduce inefficiency.

Key Features

• Close Management: Orchestrate the month-end close with a close checklist, and perform account reconciliation with materiality thresholds and supporting work papers.
• Cash Management: Automate cash matching (90%+ of bank recs), automatically create and post journal entries for unmatched transactions to NetSuite, and integrate with thousands of banks for real-time cash visibility.
• Analytics Suite: Perform flux analysis with AI-generated explanations, build flexible CFO-ready reports, and monitor transactions for anomalies and compliance.

Workflow

• Connect data sources: Pulls every transaction line from the ERP, upload documents/CSVs, and integrates bank feeds.
• Account for transactions in real-time: Receive alerts on anomalies and match transactions with AI-generated rules.
• Automate core close work: Automate reconciliations, auto-draft flux explanations, identify variance drivers, and pinpoint bottlenecks. Leverage an MCP connector to build custom agents and automate multi-step workflows.
• Collaborate on custom reports: Build complex reports, automatically run commentary, and collaborate on management reporting.

Who It’s For

Numeric is built for accounting teams, including controllers, senior accountants, and directors of accounting at complex organizations.

Key Benefits

• Unifies close management, reporting, and cash in one platform
• Automates 90%+ of bank reconciliations with cash matching
• AI-driven flux analysis auto-drafts explanations (e.g., 80% first drafts written by AI for DailyPay)
• Integrates with thousands of banks and major ERPs like NetSuite