Numeral: Shaping the Future of Accounting Software
The Evolution of Enterprise Resource Planning: A Brief Retrospective
Enterprise Resource Planning (ERP) systems have been the linchpin of corporate efficiency since the 1970s. Evolving from Material Requirement Planning (MRP) systems, which orchestrated the procurement and inventory management for manufacturers, ERPs expanded to serve a diverse array of business operations across various industries.
From the era of Netsuite introducing the first cloud-based ERP in 1998, these systems have transformed into a unified database aiming to consolidate company-wide data – an invaluable single source of truth that has become indispensable.
The Great Unbundling: A Shift in Paradigm
However, the last two decades have witnessed a seismic shift – the unbundling of ERPs. Point solutions, each a specialist in its own right, have chiseled away at the monolith, offering tailored functionalities that exceed the jack-of-all-trades approach of traditional ERPs. Today’s businesses are intricate ecosystems, each facet too nuanced for a one-size-fits-all solution.
High-growth companies are no longer turning to behemoths like Oracle or SAP for a full suite of products. The reality is a tapestry of 25 different systems managing 25 distinct processes, each superior in its domain than any all-encompassing ERP could aspire to be.
The Ripple Effect on Accounting and Finance
This fragmentation has introduced significant challenges, especially for accounting and finance departments. The month-end close has turned into a tough and time-consuming task, as teams scramble to collect, reconcile, and report financial data from various different systems.
Introducing Numeral: A Visionary Solution
Numeral acknowledges this complexity and introduces a revolutionary approach. Imagine a platform that consolidates financial data from every nook and cranny of your business operations, cleansing it, and transforming it into a standardized, actionable format. That is Numeral – a unified hub for all your financial data, speaking the universal language of clarity and precision.
Our smart way of handling accounting makes it clear and straightforward. Think of it as just following a recipe—simple steps that guide how money is tracked and managed. We take care of jobs like figuring out sales earnings and keeping tabs on cash flow.
With Numeral, you won’t just get a pile of numbers. Our tools turn data into easy-to-understand charts and give you answers to help make fast, smart business choices. Say goodbye to waiting for the end of the month and hello to up-to-the-minute information.
The Future as We See It
Numeral isn’t just a tool; it’s a paradigm shift. We envision a world where financial statements are living documents, updated in real time. Where accounting teams don’t dread the month-end but engage in it as strategic analysts, shaping the company’s direction with up-to-the-minute data.
We are spearheading a future where the term ‘ERP’ is a relic, and a system like Numeral – focused, agile, and integrative – is the norm. A future where the ERP doesn’t do everything but connects to everything. This is the essence of the Numeral.
In this future, month-end isn’t a deadline; it’s a launchpad for strategic decision-making, with Numeral as the trusted co-pilot.
Want to see what Numeral can do for your business? Schedule a demo here today!