Numeric

Key Information

Key Features

• Core close management
• Unlimited actions and users
• Review notes
• Email request automations
• Slack and Google SSO integrations
• AI Assistant (Beta)
• Account reconciliations
• Flux analysis
• General ledger integrations
• File storage integrations
• CPA-led onboarding
• Custom reporting & analytics
• Transaction monitors
• Transaction-level drill downs
• AI Co-pilot (Beta)
• SAML integrations

Pricing

• Essentials - Free
• Growth - Contact for pricing
• Enterprise - Contact for pricing

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What Is Numeric?

Numeric is a comprehensive tool designed to streamline accounting processes, particularly focusing on the month-end close. It integrates AI to automate tasks such as balance sheet reconciliations and flux analysis, allowing teams to focus on more strategic work. By organizing tasks and providing real-time collaboration tools, Numeric helps teams achieve faster and more accurate financial closes.

Numeric's platform is built to be flexible and scalable, offering features that cater to different organizational needs. It supports integration with various financial systems, ensuring that data is always up-to-date and accessible. This integration capability, combined with AI-driven insights, makes Numeric a powerful tool for financial management.

Features

• Core close management: This feature allows teams to organize and track their close processes efficiently, ensuring that all necessary tasks are completed on time.
• Unlimited actions and users: Numeric provides flexibility by allowing unlimited actions and users, making it suitable for teams of any size.
• Review notes: Users can attach notes and support documents to tasks, enhancing transparency and collaboration.
• Email request automations: Automating email requests helps streamline communication and reduces manual effort.
• Slack and Google SSO integrations: These integrations enable seamless collaboration and secure access to the platform.
• AI Assistant (Beta): The AI assistant helps with tasks like drafting flux explanations, making the close process more efficient.
• Account reconciliations: Numeric automates and streamlines account reconciliations, reducing the time spent on these tasks.
• Flux analysis: It provides AI-driven insights into financial variances, helping teams understand changes in their financial data.
• General ledger integrations: Integrating with general ledgers ensures that financial data is always current and accurate.
• File storage integrations: Users can store and access relevant documents directly within the platform.
• CPA-led onboarding: Professional onboarding support ensures a smooth transition to using Numeric.
• Custom reporting & analytics: This feature allows teams to create tailored reports and analytics to meet specific business needs.
• Transaction monitors: Numeric helps monitor transactions closely, ensuring that all financial activities are tracked and accounted for.
• Transaction-level drill downs: Users can analyze transactions at a detailed level, providing deeper insights into financial data.
• AI Co-pilot (Beta): The AI Co-pilot assists with technical accounting tasks, such as drafting policy memos.
• SAML integrations: These integrations provide secure access management through platforms like Okta, Duo, and OneLogin.

Pros

• Efficient close management: Numeric streamlines the month-end close process, reducing time and effort.
• AI-driven insights: It provides valuable insights into financial data, helping teams make informed decisions.
• Collaboration tools: Real-time collaboration features enhance teamwork and communication.
• Scalability: The platform is designed to grow with the organization, offering flexible pricing plans.
• Security features: Numeric includes robust security measures to protect financial data.

Cons

• Complex setup: Some users may find the initial setup process complex, especially for those unfamiliar with similar tools.
• Limited customization: While Numeric offers customization options, some users might find them insufficient for highly specialized needs.

Numeric Pricing

• Essentials: This plan is free and includes core close management features, unlimited actions and users, review notes, email request automations, Slack and Google SSO integrations, and an AI Assistant (Beta).
• Growth: This plan includes everything in Essentials plus account reconciliations, flux analysis, general ledger integrations, file storage integrations, CPA-led onboarding, and a named customer success manager. Pricing is available upon request.
• Enterprise: Building on the Growth plan, Enterprise adds custom reporting & analytics, transaction monitors, transaction-level drill downs, an AI Co-pilot (Beta), and SAML integrations. Pricing is also available upon request.

Frequently Asked Questions

1. What functions does the freemium account of Numeric have?

The freemium account, known as the Essentials plan, offers core close management features, unlimited actions and users, review notes, email request automations, Slack and Google SSO integrations, and an AI Assistant (Beta). This plan is suitable for small teams or those looking to test the platform's capabilities.

2. How does Numeric compare to similar tools like BlackLine?

Numeric is often considered a more agile and cost-effective alternative to BlackLine, especially for smaller organizations. While BlackLine is known for its robust features and customization options, Numeric offers a streamlined approach with AI-driven insights, making it appealing to teams seeking efficiency without extensive customization needs.

3. What is the usage limit for the free plan?

The free plan, Essentials, does not have a specific usage limit in terms of actions or users, making it suitable for teams of any size. However, it lacks some advanced features available in the paid plans.

4. What is the refund policy for Numeric?

Numeric does not explicitly mention a refund policy on its website. Users should contact customer support for specific details regarding refunds or plan changes.

5. Is Numeric available in multiple languages?

Numeric does not specify multilingual support on its website. Users interested in this feature should inquire directly with the company.

6. How can Numeric be used effectively?

To use Numeric effectively, teams should start by organizing their close processes and leveraging AI-driven insights for tasks like flux analysis. Integrating Numeric with existing financial systems can also enhance its utility by ensuring data accuracy and accessibility. Regularly reviewing and updating workflows within the platform helps maintain efficiency and compliance.