Close automation platform
CEO Parker Gilbert premised the FDP product on the idea that ERPs, even AI-native ones, are still trying to replicate manual processes.
"I view 'AI-native ERPs' largely as inheriting the prior generation of infrastructure, but with AI features bolted on. Same house, new paint," said Gilbert in a statement. "We think a bigger rethink is required. You should instead have one platform for all of finance that starts by reflecting the way the business transacts, enables teams to transform their data, and automates the creation of accounting records."
Broadly, the FDP pulls data from business applications like CRMs or spend platforms to record anything that creates a financial obligation, encompassing everything from contract signings to payroll runs to card swipes or billable usage events. The platform then uses rules called "flows" to tag each such "business event" with reporting dimensions so it can be routed to the right accounting treatment (e.g. a fixed asset or lease ledger). Flows operate like a flowchart: a set of rules (e.g., if the vendor tag is X, do Y) decides which dimensions get added. Debits and credits are still recorded as they would be in other systems, but users can also add their own bespoke dimensions, such as by geography, employee, department or team.
These events are then stored as a complete record with metadata versus just an accounting output, so everything that happens to them afterward stays attached. For example, when a contract is amended, invoiced and paid, those changes link back to the original contract. Users can see the full history in one place, and the accounting updates to reflect it. This then allows for a wide variety of reporting options beyond the raw numbers. Gilbert, in a later email, said this is in contrast to what he said was the limitations of a typical journal entry.
"To give an example of where the journal entry falls short — take a revenue contract," he said. "It starts simple: an implementation fee and a ratable subscription. You project the ratable recognition and allocate the transaction price. Then you add seats. Maybe you miss an SLA and issue a ten percent credit. Or you offer a discount for an early renewal. Six months in, you realize you used the wrong SSP. With each change, the journal entries get harder and harder to interpret."
"The objects of accounting don't just happen as one-off events," he added. "They get modified, extended, renegotiated. Errors and information get caught late. To process these events, you need the full picture of the original contract and all the subsequent changes. And you can't reconstruct that picture from the trail of posted journal entries."
Among its features are support for usage-based pricing billing and revenue recognition, with Numeric connecting to a company's event feeds, matching events to contract specific rates, and producing invoices, and recognizing revenue under ASC 606. Upsells, rollovers and discounts are all handled natively within the platform.
It also features management reporting capabilities that keep reporting dimensions separate from the accounting that produces the financial statements so users get one platform with the hard-coded rules, period locking and auditability accounting needs, plus flexible dimensions for FP&A. Beyond that, agentic subledger capacities let users upload an original document or connect the integration for the source, and then AI helps draft rules for a new ledger, with controllers approving and applying judgment to building it out. Once the ledger is created, the associated journal entities will be created automatically every month through hard-coded rules so edge cases that typically aren't handled in an ERP, like accounting for royalties or construction in progress, can still be processed.
The platform also features an app studio that lets users build applications to view and interact with their financial data with built-in auditability. Auditors can see and download source code. Every action taken has an audit trail. Users can also access Prism, a single-screen experience where each person every morning can see what actions are needed. Numeric escalates automatically anywhere accountant review or input is needed (e.g. a large transaction review) or a new type of record that has come into the platform that doesn't have a clear existing accounting treatment.
Further capabilities include the ability to build "background agents" directly in the platform to handle things like reviewing any transaction over a certain threshold or help with collections. Alternatively, people can use Numeric's Model Context Protocol to build agents that interact with Numeric data in their AI provider of choice, such as Claude or ChatGPT.
Gilbert said the Financial Data Platform is specifically a replacement for NetSuite. Given that, it handles the accounting work NetSuite does today (general ledger, subledgers, billing, revenue, cash, close and reporting, etc.) but does not cover any of the non-finance related ERP workflows (e.g., CRM or inventory management).
To ease implementation, the platform can be deployed module by module as opposed to all once. Gilbert said the core modules where companies start are close management, cash management, billing and revenue. The FDP is sold with all modules included — with custom pricing based on transaction volume and implementation complexity — they are just deployed over time.
"Most teams start with their most painful workflows and keep posting to their existing ERP," he said. "For a mature company, switching ERPs all at once is a big ask, so the platform posts to your current ERP until you're ready to fully migrate. It's an on-ramp, not a cliff."
People also retain the option to purchase Numeric's existing products (close management and cash management) with their existing ERP versus getting the whole FDP.
