Numeric

My first financial audit was, for many Controllers, a nightmare. Week one as the first finance hire: I was thrown headfirst into the company's first audit, I had no prior finance experience, was dealing with clean-up of years of old data, and had to spin up policies and memos each night for new auditor asks. I doubt your upcoming audit will be nearly as chaotic, but even under calmer circumstances, audits can be stressful. With lessons learned from working with accounting teams and navigating audits, Mark C. from Riveron and I are teaming up tomorrow at 10 AM PST / 1 PM EST to talk through how to avoid audit nightmares. You & your team can register here: https://lnkd.in/gAg5JFWG

The IPO journey is a marathon, not a sprint—and Connor Group's Bay Area IPO Summit last month shed light on the best ways for teams to prepare. This year’s event gathered some of the brightest minds in finance to tackle key topics, from controls readiness to equity management, sharing real-world advice and lessons learned along the way. We’ve captured the standout insights for you. Swipe through to explore what’s shaping IPO readiness in 2024—and tell us, how else can companies gear up for the public markets? For the full article and deeper analysis, check it out here: https://lnkd.in/g4z2DrJJ

Move aside, Little Sister and Le Bain. Last Thursday’s Numeric Happy Hour at Torch & Crown was the place to be. Cozy, cool, and buzzing with conversation — it was a delight to see so many customers and friends talking shop on all things accounting, NYC, and more. Alec Schon, CPA Agnieszka (Aga) Mikolajczyk, CPA Cheryl Chui Cindy Lee Chris Strunk Casey Stewart, CPA Francisco Meyo Hillel Kramer Josh Goldberg John DeMarco Matthew Matera Nick Biddlecombe Ross Cellamare, CPA Ryan Martins, MBA Sarah A. Hill Scott Twidle, CPA Serg Zhelezniak Seth Parker, CPA Sandy Y. Shirley Xia Trey Zimmerman A huge thank you to everyone who joined us for a drink and shared ideas with their fellow accounting leaders. We had an amazing time and can’t wait to host more of these events soon! Stay tuned.?

Halloween is over. Fear over upcoming financial audits isn't. In our upcoming webinar with Mark C. from Riveron and Numeric CEO Parker Gilbert, we'll outline 6 audit nightmares and how to prevent them. Register for the webinar + get a copy of the deck and recording here: https://lnkd.in/g8Eb8gp8

One of the more troubling side effects of the accountant shortage? Material weaknesses identified in the IPO process are becoming more common. It's hard to hire accountants. Teams are under-resourced. And going public requires a near watertight month-end close process. From KPMG's analysis, the top three common causes of material weaknesses boil down to: - Lack of accounting resources and expertise - Segregation of duties issues - Inadequate control design Beginning to think through the roadmap to IPO readiness? Our team broke down common obstacles to going public & how to avoid material weaknesses in a recent blog post ? https://lnkd.in/g5Tv_dKk

"Get ‘em going!” — If you've been around Jake Fohn in the office, you know this is his signature rallying call. It’s evidence of his fiery sprit and commitment to tackling whatever tough task sits ahead, something anyone can appreciate. With his years of experience in audit and accounting, we’re thrilled to Jake join us at Numeric and continue to move our sales function forward!

Audit season is right around the corner. So we're bringing in the experts to present a survival guide to the financial audit with Mark C. at Riveron later this month. Register here: https://lnkd.in/dYnEn8xC We'll cover: - Common audit mistakes from Mark's time working with clients - Best practices to prevent re-work / cut down on time spent on the audit - Lessons learned from when Numeric CEO Parker Gilbert was thrown into his first financial audit in a prior company

I met a 1st-time founder who raised $4M, but kept his team to 5 people. He ignored growth for over a year—then raised a massive $28M Series A: In 2021, Parker quit his job and founded Numeric, an automation platform for finance teams. It was peak startup hype—so he raised $4M out of the gate. But unlike most startups, he didn't spend it. He kept his team to 5 people. He worked with 10-15 design partners. He didn’t worry about growth— he obsessed over getting his customers to love his product. But it’s more than that. Parker was a VP Finance at a late-stage startup, where he experienced the problem first-hand. He had dozens of conversations with potential customers before he started building. He waited to quit his job until he had paying customers. Parker understood the pain point, the customers, and the space. Everyone sees the $4M pre-seed. Or the $28M Series A he raised earlier this month. But no one sees the work— the unsexy, everyday work. The work founders do with 0 guarantee of success. The work that doesn’t get them headlines, dinner invites, or accolades. But that work— that’s who a founder is. /// Listen to the full episode on The Product Market Fit Show #startups #venturecapital #founders

Numeric CEO Parker Gilbert joined Pablo Srugo on The Product Market Fit Show to discuss the company's rapid growth to a $28M Series A, his decision to focus on product-market fit before scaling, and the importance of delivering customer value and delight. Listen to the full podcast here: https://lnkd.in/gcwEWH9v

??? ???????? ???????????? ?????? ???????????????? ?????????????????????? ?????? ???????? ???????? ??????????????????????? ?????? ???????????? ???????????????????????– You close the books and breathe a sigh of relief, only for a surprise transaction to surface in the GL. Nothing disrupts a clean reconciliation quite like a late entry rising from the depths. ?????? ???????????????? ?????????????????— It’s getting closer. Wait, it’s right behind you — no room to run! It’s the material weakness you’re going to have if you don’t ramp up your SOX operation. How abominable! ?????? ?????????????????? ?????????????– It was there yesterday, but today, the supporting document you swore was filed is nowhere to be found. Few things are scarier than missing audit trail (except going through an audit!). This Halloween, may your accounts stay balanced and your transactions remain undisturbed.