Numeric: AI-Powered Close Automation for Accounting Teams
Numeric is an AI-powered platform designed to streamline the month-end close process for accounting teams. It helps organize the close, automate reconciliations, and leverages AI for tasks like flux analysis and reporting. This allows accounting teams to spend less time on manual tasks and more time on strategic initiatives.
Key Features
- Close Management: Organize and automate the entire close process, from beginning to end.
- Smart Subledgers: Connect your subledgers and automate accounting workflows.
- Reporting & Analytics: Access real-time reporting and analytics to gain insights into your financial data.
- AI-Powered Flux Analysis: Leverage AI to automatically identify and analyze variances in your financial data.
- Transaction Monitoring: Monitor transactions in real-time to identify potential issues.
- Full Transaction Drill-Downs: Easily drill down to the source of any transaction for detailed analysis.
Benefits
- Faster Close Cycles: Close your books faster and more efficiently.
- Improved Accuracy: Reduce errors and ensure the accuracy of your financial data.
- Reduced Manual Work: Automate repetitive tasks to free up your team's time.
- Better Insights: Gain deeper insights into your financial data with AI-powered analytics.
- Enhanced Collaboration: Improve collaboration among team members.
Comparisons
Numeric differentiates itself from competitors like FloQast and BlackLine by offering a more integrated AI-powered solution. While FloQast and BlackLine provide strong close management capabilities, Numeric's AI features automate more of the process, leading to faster close cycles and more accurate results. Numeric's customer service is also frequently praised for its responsiveness and willingness to adapt the platform to meet customer needs.
Pricing
Pricing information is available upon request from Numeric.
Conclusion
Numeric offers a powerful and efficient solution for accounting teams looking to streamline their month-end close process. Its AI-powered features and user-friendly interface make it a valuable tool for businesses of all sizes. The platform's focus on automation and data-driven insights helps accounting teams work smarter, not harder.
