Description
🖼️ Tool Name:
Numeric
🔖 Tool Category:
AI-powered accounting & financial close automation platform; falls under Finance, Forecasting & Dashboards (primary) and also Business Docs Automation / Analytics & Dashboards (secondary).
✏️ What does this tool offer?
Numeric is designed to automate and streamline the month-end/quarter-end financial close processes for accounting teams. It connects to ERPs and other financial systems, ingests transaction lines, automates reconciliations, analyzes flux (variances), generates commentary/explanations, and supports audit-ready reporting.
⭐ What does the tool actually deliver based on user experience?
• Automates tasks such as reconciliations, subledger entries, cash matching, journal entry generation.
• Generates AI-powered flux analysis and variance commentary (e.g., detecting unusual changes in account balances).
• Real-time monitoring of transactional data, anomaly detection, and alerting on issues in the close cycle.
• A modern interface for accounting teams, enabling them to spend less time in Excel/Google Sheets and more time focused on strategic analysis.
🤖 Does it include automation?
Yes — the automation features are extensive:
• Automated ingestion of ERP/GL transaction data, live/frequent refreshes.
• AI logic to detect anomalies, auto-submit reconciliations when balanced within thresholds, auto-generate first-draft commentary.
• Automated handling of subledgers (e.g., fixed assets amortization, prepaid expenses) by applying rules and schedules.
💰 Pricing Model:
Subscription based (enterprise/finance teams). Specific public pricing is limited; offerings vary by scale/usage.
🆓 Free Plan Details:
Not clearly specified in publicly available sources; likely requires demo or enterprise onboarding.
💳 Paid Plan Details:
Tailored to accounting teams with large transaction volumes, supporting full close automation and AI-driven insights.
🧭 Access Method:
Via Numeric’s web platform; connects to ERP/GL systems, supports integrations with cloud storage/tools.
🔗 Experience Link: