Numeral automates high-volume order-to-cash processes, focusing on revenue recognition, cash reconciliation, and data reconciliation. The platform consolidates raw financial data into a canonical database, applying custom automation logic for efficient accounting workflows. This results in simplified period closes and provides granular, audit-proof visibility across all financial transactions.
Funding
$3.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
High-volume businesses face challenges in efficiently managing and reconciling financial data across multiple systems, leading to inaccuracies, delays in financial reporting, and increased compliance risks. Traditional accounting processes struggle to keep pace with the complexity and volume of transactions, hindering real-time visibility and scalability.
Solution
Numeral offers a financial automation platform designed to streamline revenue recognition, cash reconciliation, and data reconciliation for high-volume businesses. The platform integrates with existing financial tech stacks to consolidate raw financial data into a unified database, providing real-time financial reporting with every transaction. By automating accounting rules using a familiar Excel syntax and suggesting GAAP-compliant best practices, Numeral bridges the gap between accounting and engineering teams. The solution offers holistic visibility, allowing users to drill down from a high-level view to granular transaction details, ensuring all financials are auto-reconciled, auditable, and supported by underlying source data.
Target Audience
Numeral is primarily targeted towards high-volume businesses, including those in the technology, e-commerce, and financial services sectors, that require automated and scalable financial processes.
Features
- One-click integrations with existing financial systems to consolidate data from multiple sources.
- Intuitive accounting rule creation using Excel syntax, with suggested rules based on GAAP best practices.
- Real-time financial reporting with immediate accounting for each debit and credit.
- Comprehensive audit trail tracking all financially relevant events from data source to general ledger.
- Automated exception handling with real-time monitoring and notifications for discrepancies.
- Role-based permission levels, including auditor access, to reduce audit timeframes.
- One-click close functionality to feed summary journal entries directly into the general ledger.
- Mapping tool to connect rows from Numeral to the chart of accounts within the general ledger.