What is Numeric?
Numeric is an AI-powered close automation platform built for accounting teams that are tired of spreadsheets, manual reconciliations, and last-minute fire drills during month-end. Instead of juggling disconnected tools, Numeric unifies close management, cash operations, and financial analytics into one intelligent system that learns from your data.
With Numeric, complex accounting workflows—like bank reconciliations, flux analysis, and journal entry creation—happen faster and with far less manual effort. The platform uses AI purpose-built for accounting to auto-draft explanations, match transactions, and surface insights in real time, so your team can close faster, stay audit-ready, and focus on strategic work instead of data digging.
What are the features of Numeric?
- Close Management: Orchestrate your entire month-end close with dynamic checklists, task tracking, and real-time progress visibility.
- Account Reconciliation: Instantly reconcile accounts by setting materiality thresholds and linking supporting documents—all within the platform.
- Cash Matching: Automate 90%+ of bank reconciliations using AI that matches transactions across thousands of global banks.
- JE Automation: Automatically draft and post journal entries (JEs) directly to NetSuite or other ERPs for unmatched items.
- Flux Analysis: Put variance explanations on autopilot—AI groups changes by revenue, OpEx, department, or custom dimensions.
- Transaction Monitoring: Catch anomalies and compliance risks in your GL data before they derail your close.
- CFO-Ready Reporting: Build flexible, narrative-rich reports with AI-generated commentary—no ERP PhD required.
What are the use cases of Numeric?
- A fast-growing fintech reduces its close timeline from 6 days to 4 by automating reconciliations and flux drafts.
- A public company runs a seamless, audit-ready close using Numeric’s document linking and real-time controls.
- An accounting team eliminates spreadsheet chaos by centralizing all close tasks, reconciliations, and reporting in one place.
- Controllers get early warnings on unusual transactions, preventing errors before they escalate.
- Finance leaders generate board-ready reports in minutes instead of days, thanks to AI-assisted commentary and formatting.
- Teams integrate bank feeds from dozens of institutions to gain real-time cash visibility without manual imports.
How to use Numeric?
- Connect your ERP (like NetSuite) and bank accounts to pull in transaction-level data automatically.
- Set up your close checklist with deadlines, owners, and dependencies to track progress in real time.
- Configure materiality rules for reconciliations so only meaningful variances require review.
- Use the Flux Analysis tool to auto-generate first drafts of variance explanations—then refine as needed.
- Leverage Transaction Monitors to flag unusual activity based on historical patterns or custom rules.
- Collaborate on reports directly in Numeric, adding commentary and sharing with stakeholders securely.
