What is Numeric?
Numeric automates financial close processes with AI, helping accounting teams streamline reconciliations, draft flux analysis, and accelerate reporting.
Description
Numeric is an AI-powered platform that streamlines financial close, reconciliations, and reporting for accounting teams.
Key Features
- AI-powered reconciliations
- Automated flux analysis
- Close management
- Reporting automation
- Variance analysis
Pros
- Streamlines financial close
- Improves accuracy
- Reduces manual work
- Enhances reporting capabilities
- Provides deeper insights
Cons
- Requires initial setup and data integration
- May require training for optimal use
- Dependent on data quality
- Potential learning curve
Details
Numeric is an AI-powered close automation platform designed to streamline financial processes for accounting teams. It automates reconciliations, auto-drafts flux analysis using AI, and accelerates reporting, improving efficiency and accuracy. Numeric helps teams organize their close, reduce manual work, and gain deeper insights into their financial data.
💡 Try These Prompts:
1. "Analyze the flux between this month's and last month's revenue and explain any significant variances."
2. "Reconcile the balance sheet accounts related to prepaid expenses and identify any discrepancies."
3. "Generate a report summarizing the key changes in our cash flow statement over the past quarter."
4. "Compare our current DSO (Days Sales Outstanding) to the industry average and suggest areas for improvement."
5. "Prepare a variance analysis of our budget versus actual expenses for the marketing department."
Summary
Numeric automates financial close processes with AI, helping accounting teams streamline reconciliations, draft flux analysis, and accelerate reporting.