Numeric launches Financial Data Platform, the ERP replacement built for the agent era. September 22, 2026 6:07 AM Gift Article The robust platform stores far more context than journal entries, giving finance teams a foundation built for AI rather than one retrofitted for it. SAN FRANCISCO, CA / ACCESS Newswire / September 22, 2026 / Today, Numeric announced the launch of the Financial Data Platform (FDP), an ERP replacement built for enterprise companies with complex accounting. The platform is built on a simple idea: the general ledger has too little context to be effective in the AI era. If you rebuild the system to preserve context, you suddenly remove the ceiling on automation, rich reporting, and agents. Historically, general ledgers were built to do one job well: produce GAAP-compliant financial statements. To do it, they compress a business event into debits, credits, memo lines and a handful of fields, discarding the context around the transaction. That structure dates to the era of paper ledgers, and it has survived intact through every generation of software built on top of it. "I view 'AI-native ERPs' largely as inheriting the prior generation of infrastructure, but with AI features bolted on. Same house, new paint," said Parker Gilbert, CEO of Numeric. "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." TOP VIDEOS The Financial Data Platform is the first system to update accounting architecture for the age of agents. It stores each business event as a complete record instead, retaining the original source document and its metadata, with debits and credits as one projection of that record rather than the record itself. The result is closer to a data warehouse with accounting logic than a typical ERP. "Numeric is an operating engine. It's not a legacy ERP system, it's not accounting software; it takes data from every operating platform your business uses and turns it into day-to-day accounting that's flexible and easy to configure, by any accountant," said current customer Asia McKnight, Controller at Built. For finance teams, this new architecture changes what a month looks like: * A close measured in hours, not weeks. Records arrive carrying enough context to be routed to the correct accounting treatment. Accountants define the rules once and review the exceptions, instead of booking the same journal entries every period. * Answers at the speed of the question. Detail is queryable without exporting into a separate FP&A stack: making effortless asks to drill into the incremental software and hardware cost of another engineer, understand revenue by customer and product line pivoted by region, or project department costs after a reorg. * A foundation AI can actually reason on. The platform is built for finance engineers: accountants who build systems that do the accounting, not accountants who do it by hand. Background agents, applications, and custom ledgers with hardcoded audit trails are a prompt away, possible due to complete context rather than summarized entries. Switching ERPs is typically a rip-and-replace 6-month+ ordeal. The Financial Data Platform can be deployed module by module instead - for the hundreds of NetSuite companies already on Numeric, that means solving the hardest accounting challenges first while still posting back to NetSuite, until they're ready for a full transition. More information is available at numeric.io/financial-data-platform. About Numeric Numeric is the data platform finance teams run on, from close management and order-to-cash to a full ERP replacement. By rearchitecting how accounting is done, Numeric eliminates recurring work and creates a context-rich, AI-ready foundation for better business decisions. Media Contact

Numeric secures $51M Series B led by IVP. Numeric, the AI accounting automation platform, has raised a $51 million Series B round led by IVP, with participation from Menlo Ventures, Founders Fund, Alkeon, 8VC, Socii Capital, Access Industries, Friends & Family Capital, Long Journey Ventures and Fifth Down, as well as Marc Huffman, Former CEO of BlackLine, and Ron Gill, Former CFO of NetSuite. This investment, which brings Numeric's total funding raised to $89 million, will allow Numeric to expand from close management into a broader compound startup model - delivering a unified data platform for enterprise finance teams. Alongside the funding announcement, Numeric is launching its cash management product. Accounting for cash is often the most painful step of the close process for enterprises, and it starts with cash matching: the process of reconciling bank transactions with general ledger entries. Legacy tools often deliver match rates below 30%, leaving finance teams to reconcile hundreds or thousands of transactions manually. For growing companies, this can require teams of five or more people dedicated solely to cash reconciliation. Numeric's solution achieves a 90%+ auto-match rate; nearly triple the industry standard. Early customers of the new product, including Brex, Public.com, and Clipboard Health, are already eliminating multiple days of manual reconciliation work each month. The Series B represents a pivotal moment in Numeric's evolution from a close management solution to a multi-product platform with a shared data core. With three core products now live - Close Management, Analytics, and Cash Management - Numeric is building what CEO Parker Gilbert describes as "the connected platform for finance operations." "We started by solving the close, but our vision has always been greater," said Gilbert. "Each product we build makes the others more powerful. We're marching toward a future where accounting isn't manual spreadsheet work but instead is a real-time strategic function. This funding accelerates that timeline significantly." "Numeric has consistently demonstrated exceptional product execution and deep understanding of what finance teams actually need," said Ajay Vashee, General Partner at IVP. "Their ability to expand from close management into analytics and now cash management, while maintaining product excellence across each, shows they're building something truly differentiated. We're excited to support their vision for the future of accounting." Brex, who piloted the product, saw their match rate jump from 30% to over 90%, enabling their team to dramatically reduce time spent on manual reconciliation work. "Numeric didn't have the dream of just a project management tool. Numeric had the dream of a flux analysis product, a cash reconciliation product, the full linking between the ERP system and their platform. And Numeric had the dream of AI," said Kevin Moore, Controller at Brex. "I think ultimately that implementing Numeric is one of the best decisions I've made as controller over my 7 years at Brex." Numeric's platform strategy mirrors successful enterprise platforms like Salesforce and Rippling, which built category-defining businesses by expanding horizontally across related workflows. The company plans to launch additional products throughout 2026 and 2027, each designed to automate a different critical accounting workflow. Numeric's approach combines AI for pattern recognition with deterministic code for calculations and human oversight for exceptions. The platform approach is underpinned by Numeric's AI philosophy: use it thoughtfully, not indiscriminately. "AI is powerful, but imperfect. Most importantly, accounting can't tolerate errors compounding," said Gilbert. "We route the right work to the right operator: AI to interpret unstructured data, code to handle calculations with precision, and humans to add context and make judgment calls."