What is Numeric?
Numeric revolutionizes the accounting workflow by integrating AI-assisted solutions to automate the month-end close process. Designed for accounting teams searching for efficiency and precision, Numeric simplifies reconciliations, enhances reporting accuracy, and provides deep insights into financial data.
What are the features of Numeric?
AI-Powered Close Automation
Numeric empowers teams to streamline their close operations, drastically reducing the time needed for manual tasks. With features such as auto-drafted flux analysis, teams can generate insightful reports faster and more accurately.
Close Management
Organize your close seamlessly with Numeric's intelligent management tools. These tools are tailored to ensure that every step of the accounting process is methodically approached, allowing for a smoother transition from entries to reports.
Smart Subledgers
Experience the ease of Smart Subledgers, which automate the application of appropriate schedules and the posting of Journal Entries (JEs) to the General Ledger (GL). This feature eliminates tedious manual work, allowing teams to focus on analysis and strategy.
Flux Analysis and Reporting
Leverage AI to draft the first version of flux explanations based on your General Ledger data. Numeric's automated flux analysis not only saves time but also ensures that financial insights are derived from reliable sources, making it easier for teams to address discrepancies.
Transaction Monitoring
Monitor all transactions in real-time with Numeric’s transaction monitoring feature. This ensures swift recognition and rectification of any anomalies, bolstering the integrity of financial reports.
Technical Accounting Support
Need to brush up on ASC 606 or create an accounting policy memo? Numeric provides AI-assisted technical accounting guidance, generating robust drafts that can be further customized by your team.
What are the characteristics of Numeric?
Numeric stands out with its user-friendly interface and deep integration capabilities. The platform is designed to be simple enough for immediate onboarding, yet powerful enough to meet complex enterprise-level demands. Key characteristics include:
- Audit-Ready Financials: Numeric ensures that all financial data is organized and compliant, ready for audits without unnecessary hassle.
- Full Transaction Drill-Downs: Easily access transaction details for in-depth analysis and review, providing clarity to your financial narrative.
- AI-Native Platform: With regular updates and innovative features, Numeric leads the market in accounting technology.
What are the use cases of Numeric?
Numeric is ideal for various accounting and financial operations. Some common application scenarios include:
- Month-End Closures: Automate routine tasks and accelerate the month-end close, allowing for accurate and timely financial reporting.
- Financial Reporting: Customize reports effortlessly by pulling real-time data and employing AI for insight generation.
- Audit Preparation: Maintain organized records and documentation to ensure a pain-free audit experience.
- Variance Analysis: Quickly identify variances in financial data through easily accessible analysis features, streamlining the process of identifying key financial drivers.
How to use Numeric?
To get started with Numeric, follow these steps:
- Sign Up: Visit the Numeric website and sign up for a free trial or schedule a demo to understand the capabilities of the platform better.
- Connect Your Data: Integrate Numeric with your existing accounting systems for a seamless workflow.
- Utilize Features: Explore various features such as close management, Smart Subledgers, and reporting tools.
- Monitor Your Progress: Regularly review your close process and leverage AI insights to improve efficiency.
