️ Tool Name: 🖼

Numra

Categories: 🔖

Automation and Smart Agents

Business and Operations Management

Data and Analytics

Integrations and APIs

Invoices, Contracts, and Proposals

Customer Relationship Management and Deal Tracking

RPA Automation and Repetitive Tasks

️ What does this tool offer? ✏

Numra is an AI platform dedicated to automating financial and accounting processes, designed for finance teams and accounting firms. The platform builds AI agents that perform repetitive operational financial tasks within the company’s existing systems, rather than requiring the company to replace its systems or redesign its workflows.

Numra connects the agents to the systems used by the organization, enabling the agent to read emails, attachments, and financial data; extract information; apply business rules; execute actions; and then log each step in a traceable audit trail. Use cases supported by the platform include: Finance Inbox, Accounts Payable, Accounts Receivable, and Data Transformations.

In Accounts Payable, the AP Agent can extract invoice data, apply coding rules, route approvals, handle exceptions, and send data to the enterprise resource planning (ERP) system according to company-defined rules. Approval limits, automatic posting rules, and human review points can also be configured.

In Accounts Receivable, the AR Agent can read signed contracts, extract billing terms, prepare draft invoices for review, send them to customers, and manage collection and follow-up processes according to the workflows and rules defined by the company. It can also pause the follow-up workflow when a customer responds or raises a query regarding an invoice.

The platform works by integrating with the client’s existing systems, documenting business rules and exception cases, and then testing the agent using real transactions before deploying it in a production environment. Numra explains that agents can respond to immediate triggers, such as the arrival of a new email, the synchronization of an expense, or the closing of a deal, and then apply the defined business rules and review points before executing the action.

The platform also allows users to track the rationale behind each decision; users can see the data used, the rule applied, and how the result was reached, along with a complete log of the actions taken on the transaction.

What does it actually offer based on user experience? ⭐

• Automation of invoice processing and recurring tasks in accounts payable.
• Extraction of invoice data and application of accounting coding rules.
• Routing invoices to the appropriate reviewers or approvers according to specific rules.
• Automatically execute certain processes when a transaction meets specified conditions.
• Managing exceptions and routing transactions that require human intervention for review.
• Review contracts and generate draft invoices based on payment terms and completion milestones.
• Automate collection reminders and follow-ups with customers.
• Pause collection workflows when a response is received from the customer or an inquiry is raised.
• Convert data and integrate various sources with financial systems.
• Execute procedures within connected systems instead of relying on manually uploading files or copying and pasting.
• Provide human review before sensitive actions in accordance with defined control points.
• Provide a complete audit trail for every action and decision.
• Show the reason behind each decision made by the agent, rather than just recording the final outcome.
• Numra notes that its clients typically see a return on investment ranging from 2× to 4×, according to information published on its official website.
• The platform provides an illustrative example of processing 847 transactions, saving 62 hours and achieving a return on investment of 3.2×; these figures are from the example shown on the website and do not guarantee results for every client.

Does it include automation? 🤖

Yes. Automation is the core feature of Numra.

Agents operate by monitoring specific triggers, such as the arrival of a new invoice, the reconciliation of an expense, or the closing of a deal, and then passing the transaction through a rules engine that automatically applies the company’s logic. The action can then be executed automatically or sent to a human review point according to the defined rules.

The platform also allows you to define rules such as approval thresholds, coding rules, escalation conditions, and exception-handling rules, and then apply them repeatedly to transactions.

Pricing Model: 💰

Licensing and Custom Enterprise Services (Confirmed).

Numra’s official terms state that fees are specified in the Statement of Work (SOW)and, depending on the agreement , include integration fees, license fees, and support fees. The agreement also stipulates that the initial contract term is as agreed, with the option to renew for 12-month periods.

As for the information stating that Numra specifically uses an “Annual License per Agent”model ,and that the price starts at €2,500 per year and may exceed €60,000 per year, I was unable to confirm this from the official pricing page currently available; therefore, these figures are considered unconfirmed.

🆓 Free Plan Details:

Paid Plan Details: 💳

How to access the tool: 🧭

Demo link or official website: 🔗

Numra’s official website

Request a demo from Numra