AI Helps Finance: Riveron and Numeric Announce Alliance in Support of CFOs & Accounting Teams
08 Mayo 2024 - 9:25AM
Business Wire
The advisory firm and AI-powered accounting technology provider
join forces to better equip the office of the CFO
Riveron, a leading business advisory firm, today announced a
strategic partnership with Numeric, an AI-powered accounting
software company. This collaboration aims to empower chief
financial officers (CFOs) at growing companies with streamlined
financial management solutions that leverage the power of
artificial intelligence (AI), particularly for the record-to-report
process.
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Riveron boasts a proven track record of supporting the office of
the CFO at organizations facing rapid growth and strategic change.
The advisory firm helps businesses navigate financial complexities
and elevate the impact of accounting and finance operations.
Through the new partnership, Riveron will help clients chart their
strategies and implement Numeric's easy-to-use accounting software,
which integrates seamlessly with existing systems and leverages AI
to automate tasks, improve accuracy, and generate timely
insights.
"We are enthused to partner with Numeric to offer our clients a
best-in-class financial management solution that harnesses AI,"
said Riveron Managing Director Mark Cox. "As we highlight in this
month’s webinar, 'AI in Accounting & Finance: Practical Tips
for Today's Pros,' there's a growing need for CFOs to translate the
potential of AI into tangible benefits. Numeric's software provides
practical applications of AI, empowering accounting and finance
professionals to improve their companies’ record-to-report
processes, reduce time spent on highly manual efforts, and gain
better financial clarity."
Parker Gilbert, CEO and co-founder at Numeric, added, "We've
admired Riveron's advisory work for some time and are excited to
formalize a partnership. Combining their expert insight with our
software, the partnership will enable CFOs to have confidence in
their financial data and minimize the time their teams spend on
recurring, manual work."
This alliance partnership offers a multitude of benefits for the
office of the CFO at growing companies, including:
- A Strategic Approach to Technology Enablement: Implementation
strategies will be tailored for companies using a practical
perspective that considers cross-functional impacts and draws from
Riveron’s deep expertise in advising the office of the CFO across
the entire business and transaction lifecycle.
- Enhanced Efficiency with AI: Numeric's software automates
manual tasks using AI, freeing up valuable time for CFOs and their
teams to focus on more strategic activities.
- Improved Accuracy: The platform's centralized data repository
and ongoing transaction monitoring minimizes the risk of errors and
inconsistencies often associated with manual data entry.
- Real-Time Insights with AI: CFOs gain access to real-time
financial data enriched by AI-powered insights, like auto-drafted
flux explanations, enabling them to make data-driven decisions and
react quickly to changing market conditions.
- Simplified Collaboration: The cloud-based platform fosters
seamless collaboration between finance and accounting teams and
other departments within the organization.
Experts from Riveron and Numeric are confident that their
combined capabilities will equip CFOs at growing companies with the
tools and resources they need to leverage AI, achieve financial
clarity, and drive sustainable growth.
About Numeric
Numeric is an AI accounting automation platform, built to take
manual work off accountants' plates so they can focus on what’s
impactful. Leading accounting teams leverage Numeric from record to
report, including performing technical accounting research,
automating reconciliations, and generating variance explanations.
Founded in 2020, Numeric is headquartered in San Francisco and New
York. For more information, visit numeric.io.
About Riveron
Riveron is a leading business advisory firm. We partner with the
office of the CFO, private equity firms, and other capital
providers to elevate performance throughout the entire transaction
and business lifecycle. Our thoughtfully integrated teams generate
tailored solutions through accounting, finance, tax, technology,
and other cross-functional expertise. Founded in 2006, Riveron has
12 offices across the country and serves a diverse set of clients
around the world. For more information, visit Riveron.com.
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Mark Cox Mark.Cox@Riveron.com