Numeric

Numeric is an AI-based platform focused on automating the monthly close process at companies. The system supports a continuous close throughout the month instead of concentrating all the work at the end, and performs variance analysis at the individual transaction level to catch anomalies in real time. It connects to popular ERP systems like QuickBooks, Xero, and NetSuite, integrating into the finance team’s existing infrastructure.

The main audience is bookkeeping and finance teams for whom the monthly close is a complex process requiring data consolidation from many sources. For teams like this, the ability to continuously track variances can significantly shorten the time needed to close the books at the end of every month. Pricing is tiered, with the entry tier at around $30 per user per month, while the growth and enterprise tiers are custom-priced.

This is a tool mainly suited to teams already operating at a certain scale, since according to reports the mid-tier cost can reach thousands of dollars a month, making it less worthwhile for small businesses. As with any tool connecting to multiple ERP systems, the quality of the result depends on how organized and clean the data is in the source systems. Companies whose data is messy or scattered across many systems may need considerable preparation work before seeing the tool’s full value.