In a rapidly evolving financial landscape, innovation remains crucial, especially as companies strive to streamline operations and improve efficiencies. Numeric, a frontrunner in financial close and reporting automation, has joined forces with Uniqus, a global tech-enabled consulting firm, to address these needs. Their strategic partnership aims to transform the finance function, focusing particularly on the offices of the Chief Financial Officer (CFO) and Controllership. This collaboration leverages the strengths of both firms: Numeric’s expertise in AI-driven technology solutions and Uniqus’ vast consulting experience. Together, they aim to enhance the traditional month-end closing cycle, integrating cutting-edge technology and domain expertise to offer high-growth companies a refined and intuitive platform tailored for modern finance professionals.
Streamlining Financial Operations with AI
The collaboration between Numeric and Uniqus primarily aims to optimize financial workflows, a crucial aspect often hampered by time-consuming manual tasks. One of the main objectives is to minimize tasks such as balance sheet reconciliations and flux analysis through advanced AI integration. By reducing the hours spent manually consolidating financial results, both companies promise a faster and more efficient financial close process. Reports generated through this partnership are designed to be audit-ready, produced within a user-friendly interface that accommodates the evolving demands of finance teams today. Uniqus’ Co-Founder and CEO, Jamil Khatri, underscores the significance of this partnership, highlighting Numeric’s proficiency in seamlessly integrating deep data functionalities with an accessible AI-embedded platform. This synergy is anticipated to drive true efficiency across financial departments globally, transforming the way financial data is processed, analyzed, and reported.
The focus of this partnership is not merely on improving operational efficiency but also on empowering finance leaders to transform the month-end close into a strategic advantage. The integrated solution offered by Numeric and Uniqus includes implementation support and change management, which, coupled with close automation, offers finance teams a comprehensive suite of tools designed to modernize their operations. By combining technology innovation with technical rigor and scalable delivery, both firms present a robust end-to-end service model. Uniqus brings seasoned expertise, leveraging the acumen of Big 4 alumni and a global delivery approach to offer a quality and cost-effective solution tailored to meet the needs of U.S. finance leaders. Concurrently, Numeric’s platform excels at automating critical processes such as reconciliations, review workflows, and controls testing, ultimately reducing the time required during audits and quarter-end cycles.
Enhancing Financial Accuracy and Reporting
One of the most promising aspects of the Numeric-Uniqus partnership lies in its ability to provide deep ERP integration, enabling real-time synchronization of financial data. This feature allows finance professionals to go beyond the traditional trial balance and access detailed general ledger information, resulting in a more comprehensive and accurate assessment of the financial picture. AI-driven automation further enhances the accuracy of financial data by speeding up reconciliations, automating tie-outs, and highlighting anomalies early on, thereby reducing the need for extensive human oversight commonly associated with traditional manual processes. These technological advancements collectively work towards ensuring that finance teams can deliver high-quality financial insights quickly and efficiently.
The partnership also emphasizes the importance of flexible reporting, providing finance teams with the ability to customize grouping and filtering capabilities to create tailored reporting packages. These packages are designed to suit various leadership needs, audits, and board presentations, ensuring that the information is both relevant and insights-driven. A user-centric interface enhances the platform’s accessibility, making it easier for finance teams to collaborate across different functions. This intuitive design ensures that the modern finance professional can navigate the platform with ease, focusing primarily on strategic activities rather than being bogged down by cumbersome reporting tasks. The goal is to empower finance teams with tools that enhance efficiency, accuracy, and strategic insight, equipping them to meet challenges and seize opportunities in an ever-changing business environment.
Strategic Leap for High-Growth Companies
The partnership between Numeric and Uniqus primarily focuses on enhancing financial workflows by addressing inefficiencies caused by time-consuming manual tasks. By incorporating advanced AI, they aim to streamline processes like balance sheet reconciliations and flux analysis, reducing the hours needed for manual financial consolidation. This collaboration promises a faster financial close, with reports tailored to be audit-ready through a user-friendly interface that meets current financial team needs. Jamil Khatri, Uniqus’ Co-Founder and CEO, emphasizes the importance of this alliance, noting Numeric’s ability to merge extensive data functionalities with an AI-centric platform. Together, they are set to elevate efficiency across financial sectors worldwide, revolutionizing how data is processed and reported.
The aim extends beyond operational improvement; it’s about transforming month-end procedures into a strategic edge. By merging Numeric and Uniqus’ strengths, finance teams gain a modernized toolkit through holistic support, including implementation and change management. Uniqus employs Big 4 alumni expertise and a global delivery model for a tailored U.S. solution, while Numeric automates vital tasks, reducing audit and quarter-end preparation time.
