Numarics introduces its world’s first business operating system (OS) that completely covers business management for small and medium-sized businesses. Used by entrepreneurs and fiduciaries alike, Numarics eliminates all need for orchestrated use of disparate accounting and finance software. Startups get the services of a CFO and COO through one engine and the strong operations team behind it. The team of fiduciary and financial experts feeds the artificial intelligence of this engine with process flows – transforming the use of accounting and finance services. Currently available for in Switzerland registered businesses.
Numarics OS Completely Replaces Software
“The artificial intelligence knowledge comes from the top expertise of our operations team,” says Kristian Kabashi, co-founder at Numarics and an expert in process optimization and automation, adding, “A software is built by software developers. Our engine learns from the specialists and virtually creates itself in the process.” To build a powerful, scalable and easy-to-use true digital solution, Numarics’ founding team developed an app that allows users to further feed the state-of-the-art engine with use cases – simply by using it. “The more users Numarics serves, the more business cases it covers,” Kabashi adds. In the process, human errors due to lack of time or carelessness in repetitive activities are eliminated. Kabashi: “We use the machine to sift through a high volume of data in milliseconds. Anywhere a human can make the mistakes, the machine does not. Anything that has to do with human experience and niche knowledge, our operations team of finance experts and affiliated accountants cover as consultants.”
With Numarics, accounting is no longer an extra item. It is integrated and seamless. Automated processing also includes reporting to the appropriate local authorities. The Numarics dashboard provides real-time metrics and financial forecasts that allow users to report to their stakeholders and plan investments and cash flow.
AI-driven Numarics is a quality guarantor for reporting even as with the annual financial statement. “The annual financial statements are no longer forgotten or postponed,” says Dominique Rey, co-founder and CEO of Numarics, referring to the process integration. More and more Swiss fiduciaries are joining Numarics and empowering Numarics as a RegTech solution (solution for regulation) – that is, using Numarics as a financial tool takes care of filings and compliance with tax authorities. “The accountant connected to Numarics thus has time for the consulting services of the users assigned to him /her and can refer to very individual optimizations, such as the creation of expense regulations with the district of Zurich if the company is located there,” adds Rey, who is a Swiss business expert and certified public accountant.
Accountants are usually highly trained specialists and are empowered with Numarics to focus on quality control and high quality consulting services. Compared to purchasing manual accounting services paired with software subscriptions, users benefit from lower costs.
Numarics OS offers comprehensive features such as invoice generation and automated dunning, legally compliant digital management of all receipts and documents, and payroll automation. Numarics employs finance experts in the operations team and makes the Numarics OS available to external accountants, replacing paper, bookings and software.