Numeric

Numeric is an AI close automation platform that unifies close management, reporting, and cash for complex accounting teams. It helps organizations streamline their month-end close processes, automate reconciliations, and leverage AI for real-time data analysis and reporting. By integrating various financial data sources, Numeric allows teams to account for transactions instantly and collaborate on custom reports, significantly reducing the time and effort required for financial close activities.

The platform addresses common pain points faced by accounting teams, such as manual data entry, inefficient reconciliation processes, and fragmented financial data. With features like automated bank reconciliations, journal entry automation, and flexible reporting capabilities, Numeric empowers finance teams to operate more efficiently and effectively. The solution is designed to catch data issues before they impact the close, ensuring accuracy and reliability in financial reporting.

Numeric's target audience includes complex accounting teams in enterprises that require robust financial management solutions. The platform is particularly beneficial for organizations looking to reduce headcount while maintaining or improving their time-to-close metrics. Notable customers include industry leaders like Wealthfront, Brex, OpenAI, and Plaid, who have successfully leveraged Numeric to enhance their accounting workflows.

What sets Numeric apart is its commitment to building a unified financial data platform that goes beyond traditional close management. With a recent $51M Series B funding round, Numeric is expanding its offerings to include cash management and other critical accounting workflows, positioning itself as a comprehensive solution for modern finance operations. The company aims to automate manual accounting tasks entirely, making it a forward-thinking player in the financial technology space.