Case Study: Masterworks achieves faster, more accurate multisubsidiary reporting with Numeric

Masterworks cuts reconciliations by 5 business days with Numeric

Masterworks, an art investment platform, struggled with a highly manual and labor-intensive accounting close process. They faced challenges with complex multi-entity structures and daily manual coding of thousands of transactions, which was unsustainable for scaling their business. They implemented Numeric to address these issues and revamp their financial operations.

With Numeric, Masterworks automated their reconciliations, cutting at least five business days from that process. The platform provided real-time accuracy and advanced reporting capabilities, which proved essential during a major ERP migration. Numeric enabled the accounting team to shift its focus from manual tasks to strategic work, building a robust financial foundation for the business.

Masterworks