Numeric Welcomes Chris Canoles as New Head of Strategy Amid Growth Phase

Numeric, a prominent player in close automation software for fast-growing companies, has appointed Chris Canoles as its new Head of Strategy. With a stellar career spanning over 20 years at EY, where he served as an audit partner specializing in high-growth SaaS businesses, Canoles comes on board during a critical time for Numeric as it aims to enhance its support for clients preparing for initial public offerings (IPOs).

A New Era for Numeric

With companies like OpenAI, Brex, and Plaid already within its portfolio, Numeric has established itself as the go-to solution for firms looking to streamline their accounting processes in anticipation of going public. Chris Canoles, whose expertise includes advising tech giants like Okta and Dropbox during their IPO journeys, will directly impact Numeric's strategy and client services. His role will be instrumental in aligning Numeric’s offerings with the evolving demands of high-growth companies.

Canoles expressed his enthusiasm for joining Numeric, stating, "At EY, I had the privilege of collaborating with dedicated founders and their teams to tackle significant challenges. The moment I was introduced to Numeric, I sensed a similar vigor, complemented by a groundbreaking approach to accounting."

Building the Future of Accounting

Highlighting the importance of building robust teams and systems, Canoles plans to leverage his vast experience to guide Numeric’s clientele. He aims to shift the accounting function from one based solely on manual processes to a strategic partnership role across businesses—thus driving efficiency and innovative thinking.

"To achieve excellence in accounting, it is crucial to have strong personnel, processes, and effective systems in place. Numeric has successfully developed an integrated system designed for top-tier accounting teams, and I am eager to help advise both Numeric and its customers on enhancing these elements," Canoles added.

Parker Gilbert, CEO of Numeric, welcomed Canoles by highlighting his depth of knowledge in navigating financial complexities and the IPO landscape. Gilbert asserted that Chris will be a vital asset as Numeric embarks on its next growth chapter, facilitating a forward-thinking vision for the accounting industry.

Leadership Changes and Future Growth

Canoles’ appointment marks a significant shift in leadership at Numeric, which has recently seen other key personnel transitions. Eli Geschwind has moved into a Head of Solutions position, while Brandon Boyle, previously with Brex and Gusto, assumes the role of VP of Sales. These leadership changes are part of Numeric's ongoing efforts to scale its operations and refine its offerings in response to the needs of an expanding list of public and private companies.

As Numeric continues to evolve as a strategic partner for companies looking to optimize their accounting functions, the emphasis will be on transitioning from historically manual, repetitive tasks to a model that fosters strategic growth and readiness for public offerings.

With Canoles’ extensive background in the high-growth tech sector, Numeric is poised for unmatched growth and innovation, signaling a promising future for both the company and its clients as they navigate the complexities of scaling their operations effectively.

Conclusion

In summary, the addition of Chris Canoles as Head of Strategy is expected to propel Numeric further into the forefront of the accounting technology landscape, ensuring the company remains a leader in supporting high-growth firms as they prepare for significant financial milestones. As the strategic partnership model takes center stage, we can anticipate exciting developments from Numeric as they redefine what's possible in the world of accounting software.