The company said the tool reduces the manual reconciliation work that still shapes daily finance operations across many mid-sized and large enterprises.
Numeric first gained traction by helping accounting teams speed up the month-end close. With the new funding led by IVP, alongside Menlo Ventures, Founders Fund, Alkeon Capital, 8VC and others, the company now brings its total capital raised to about $89 million.
Numeric delved deeper into daily workflows where finance teams track and reconcile money moving across bank accounts, payment processors and internal systems.
Brex, Public.com and Clipboard Health already use the new module. Their finance leads report faster reconciliation cycles and fewer interruptions during daily cash reviews. Numeric framed the tool as part of a larger platform that connects cash data, close processes and analytics so teams can work from a single view rather than switching across spreadsheets and disconnected systems.
PYMNTS reported that finance leaders are struggling to stay ahead of transaction growth and want systems that surface clean, real-time information instead of forcing teams to assemble it manually. That same study found that automation can meaningfully reduce cycle times, improve forecasting accuracy and give CFOs a clearer understanding of liquidity trends throughout the month. The Numeric launch fits directly into that shift.
Numeric plans to release more modules in the coming year, including tools for intercompany workflows, inventory adjustments and revenue operations. The company is entering a competitive segment as ERP vendors and newer fintech providers race to offer more immediate visibility into cash and working-capital positions.
The Series B round gives the company room to grow those offerings. CEO Parker Gilbert said Numeric wants to help finance teams move from manual routines toward real-time decision-making, positioning accounting as a function that informs the business continuously rather than only at the close.
Source: https://www.pymnts.com/