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Users have found that Numeric is highly effective in streamlining the monthly close process and solving various business problems related …
Overview
What is Numeric?
Numeric, from Numeric headquartered in San Francisco, is a financial close software for enterprises and startups alike.
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What is Numeric?
Numeric, from Numeric headquartered in San Francisco, is a financial close software for enterprises and startups alike.
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Product Details
- About
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- Tech Details
What is Numeric?
Numeric is a finance platform for growing businesses, and they state their mission is to provide companies with complete, verifiable, and detailed financial data. They aim to create speed through efficiency, confidence through accuracy, and insight through detail.
Numeric Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
Users have found that Numeric is highly effective in streamlining the monthly close process and solving various business problems related to accounting workflows. With Numeric, users no longer have to manually calculate recons, track close timelines, or manage audit documentation. This not only saves time but also ensures accuracy in the close process. Additionally, Numeric serves as a centralized location for financial reporting tasks, reconciliations, and flux analysis, providing insight to leadership on the status of the close process. The interactive checklist feature in Numeric assigns tasks, tracks their status, and sends reminders for upcoming and overdue tasks, improving efficiency and collaboration among finance and accounting teams. Furthermore, the fluid links to Google Sheets in Numeric contribute to efficient reviewing of work papers. Overall, Numeric helps users achieve quick close cycles, reduces stress, improves completion time, and provides visibility into tasks and timing for business continuity.
Clear, concise, and organized: Users have consistently praised Numeric for its clear, concise, and organized interface. Many reviewers have mentioned that this aspect of the software has greatly streamlined their close process.
Helpful tools: Numeric offers a variety of helpful tools that users find valuable in improving their processes. From basic close checklists to advanced close management and balance sheet reconciliations, users appreciate the range of features available. Additionally, the AI feature within Numeric has been particularly praised for efficiently streamlining financial processes and providing accurate information.
Easy to use: The user-friendly interface of Numeric has been widely appreciated by users. Many reviewers have noted that minimal training is required to get started with the software, making it easy for them to learn and use effectively. This ease of use has made users feel better equipped to stay on top of their close process with Numeric's comprehensive features.
Lack of Email Updates: Some users have expressed disappointment that the Numeric close checklist does not provide email updates for tasks that are ready for review or overdue. This omission has been noted as a drawback by multiple reviewers, who would appreciate receiving notifications to stay on top of their tasks.
Growing Pains and Missing Features: While many users acknowledge that there may be some slight growing pains with the software, they do not consider them significant cons. However, it has been mentioned by several reviewers that there are certain features that the rapidly growing company does not yet have. Although Numeric is constantly releasing updates and adding new features, some users feel that there are still areas where improvements could be made to meet their specific needs.
Limited Customization in Flux Analysis: A common concern raised by users is the lack of customized grouping options for accounts in the flux analysis feature. Several reviewers have expressed a desire for more flexibility in organizing and categorizing accounts to better suit their analytical requirements.
Reviews
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August 10, 2022
Numeric Makes Month-End Close Easy
Score 10 out of 10
Vetted Review
Verified User
We use Numeric to track monthly closes as well as finance month-end processes. The product is great for the finance team to gain insight into the closing process so we know when our dependent workflows will be able to get started. It's helpful to document workflows and follow along as things get done.
- Makes the organization of tasks super easy to monitor both others and myself
- Flux analysis helps prepare our variance to see where accounts may have had changes we want to highlight
- Is extremely user friendly to update lists and documentation
- There are no areas to improve that I can think of. The team is always responsive and really open to my feedback and ideas which I love.
- Tagging people for tasks is perfect; this helps to see who is responsible for what and how they are tracking
- Flux analysis is super helpful for seeing differences MoM
- Overall tracking task completion and allowing annotation with comments and links helps make it a centralized source for many financial workflows
- It has allowed us to stay smaller as a team as we can organize and check our work more efficiently
- A huge positive impact on letting stakeholders know where we are in the close process