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SPECIFICTION
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novacly

novacly.com

Free plan WebAPI
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Spec score 7.5 #13 of 29 in Financial Close Software

What it is

Novacly is a financial close, consolidation, reporting and planning platform for finance teams managing 5–50+ entities. Close workflows include task templates, dependencies, deadlines, team assignments, status dashboards and activity audit trails. The platform imports trial balances from CSV, Excel or API sources and supports direct, split, formula and bypass transformation rules. Reports can be selected by entity, period, scenario and layer, filtered by dimensions, drilled down to source transactions, and exported to Excel or PDF. Planning covers driver-based plans, rolling forecasts, actuals-based seeding, cost allocations, and segment submission and approval workflows. An Excel add-in provides 11 custom formulas for retrieving financial data and refreshing it from Excel. AI can suggest account mappings, produce variance commentary, answer natural-language data queries and match intercompany items; users review and decide on its outputs. The maker says data is encrypted at rest with AES-256-GCM and in transit using TLS, with tenant isolation through PostgreSQL Row-Level Security. The product is in beta and has not completed formal compliance audits; the maker advises against using it as a system of record until certifications are achieved.

Spec sheet

Product
Novacly is a financial close, consolidation, reporting, and planning platform for finance teams managing 5–50+ entities.Read 5 Oct 2026 · novacly.com
Integrations
The product page describes Excel connectivity and CSV, Excel, and API data ingestion; the security page lists Google and Microsoft OAuth sign-in.Read 5 Oct 2026 · novacly.com
Support
Beta users receive priority support with direct access to the team; the site also offers contact and demo options.Read 5 Oct 2026 · novacly.com
AI
AI can suggest account mappings, generate variance commentary, answer natural-language data queries, and match intercompany items; users review and decide.Read 5 Oct 2026 · novacly.com
Beta limitation
The beta page warns that the product has not completed SOC 2, ISO 27001, or other formal compliance audits and advises against using it as a system of record until certifications are achieved.Read 5 Oct 2026 · novacly.com
Close workflows
Close management includes task templates, dependencies, deadlines, team assignments, status dashboards, and activity audit trails.Read 5 Oct 2026 · novacly.com
Compliance status
Novacly says it has not undergone SOC 2 Type I or Type II audits and is not SOC 2 Type II certified.Read 5 Oct 2026 · novacly.com
Data transformation
It imports trial balances from CSV, Excel, or API sources and supports direct, split, formula, and bypass transformation rules.Read 5 Oct 2026 · novacly.com
Encryption and isolation
The maker says data is encrypted at rest using AES-256-GCM and in transit using TLS, with tenant isolation enforced through PostgreSQL Row-Level Security.Read 5 Oct 2026 · novacly.com
Excel
An Excel add-in provides 11 custom NOVACLY formulas to retrieve financial data and refresh it from Excel.Read 5 Oct 2026 · novacly.com
Intended audience
The maker describes the product as designed for mid-market finance teams, including multi-entity companies, private equity portfolios, and real estate funds.Read 5 Oct 2026 · novacly.com
Planning
Its FP&A features include driver-based planning, rolling forecasts, actuals-based seeding, cost allocations, and segment workflows for submission and approval.Read 5 Oct 2026 · novacly.com
Reporting
Financial reports support entity, period, scenario, and layer selection, dimension filters, drill-down to source transactions, and Excel or PDF export.Read 5 Oct 2026 · novacly.com

Plans and prices

Beta Free Free during beta; no credit card. Beta duration is not specified. Full platform access · unlimited usage · multi-entity support · priority support Read 5 Oct 2026 · novacly.com
Early adopter pricing (target) Price not published Targeted around $50/mo for early adopters; not a current charge. Early adopter discount · available to beta users when pricing launches Read 5 Oct 2026 · novacly.com
Launch pricing (target) Price not published Targeting ~$250/mo at launch; not a current charge. Read 5 Oct 2026 · novacly.com

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Strong points and limits

Strong points

  • Close workflows include dependencies and audit trails.
  • Imports trial balances from CSV, Excel or API.
  • Reports drill down to source transactions.
  • Beta access includes full platform access and unlimited usage.

Limits

  • Product is in beta.
  • It has not completed formal compliance audits.
  • Maker advises against using it as a system of record.

Who it suits

Novacly is aimed at mid-market finance teams, including multi-entity companies, private equity portfolios and real estate funds. Its described workflows are relevant to teams handling close, consolidation, reporting and planning across multiple entities.

Verdict

Novacly covers multi-entity close workflows alongside reporting, planning and Excel connectivity. Beta access is free, but the stated lack of formal audits and system-of-record caution are significant constraints.

Where Specifiction places it

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