AI Helps Finance: Riveron and Numeric Announce Alliance in Support of CFOs & Accounting Teams

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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