Numeric

Numeric

AI-Powered Close Automation

AppCritica Score 4.1/5

What is Numeric?

Numeric helps finance teams reduce manual work, shorten close cycles, and gain real‑time oversight into accounting processes. Trusted by both private and public organizations, Numeric combines close management, automated reconciliations, cash management, and analytics to support more strategic finance operations.

More About Numeric

How It Works:

  • Track and manage close workflows with checklists and dashboards.
  • Automate reconciliations with AI-driven matching rules.
  • Generate AI-assisted variance explanations without manual commentary.
  • Monitor transactions in real-time for discrepancies or anomalies.

Real-World Applications:

  • Month-end and quarter-end close management
  • Automated account reconciliation
  • Variance and flux analysis
  • Cash position tracking and reporting
  • ERP-integrated reporting without advanced ERP knowledge
  • Financial workflow monitoring and alerts

Pros & Cons

Pros:

Automates ~90% of cash matching

AI drafts ~80% flux explanations

Syncs ERP transactions in minutes

Reduces headcount growth for finance

Cons:

Mandatory sign-offs for all flux items

No custom period comparisons available

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