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novacly
What it is
Novacly is a financial close, consolidation, reporting and planning platform for finance teams managing 5–50+ entities. It is available on the web and through an API, with a free beta plan that includes full platform access, unlimited usage, multi-entity support and priority support. 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 several 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 tools include driver-based planning, rolling forecasts, actuals-based seeding, cost allocations, and segment submission and approval workflows. An Excel add-in provides 11 custom formulas for retrieving and refreshing financial data. AI can suggest account mappings, draft variance commentary, answer natural-language data queries and match intercompany items, with users reviewing the results. The maker says data is encrypted at rest and in transit and tenant isolation is enforced. Novacly has not completed formal compliance audits and advises against using the beta as a system of record until certifications are achieved.
For and against
For
- Free beta includes full platform access and unlimited usage.
- Close workflows include dependencies and audit trails.
- Reports drill down to source transactions.
- Planning includes rolling forecasts and cost allocations.
- AI suggestions and matches are reviewed by users.
Against
- Beta has not completed formal compliance audits.
- Maker advises against using it as a system of record.
- Launch and early-adopter prices are targets, not current charges.
The verdict
Novacly brings close workflows, reporting and planning into a platform built for multi-entity finance teams. Its beta is free, but the lack of completed formal audits and the maker’s system-of-record warning are significant considerations.
Who it suits
Novacly is aimed at mid-market finance teams, including multi-entity companies, private equity portfolios and real estate funds. Its close, reporting and planning tools are relevant to teams coordinating finance work across multiple entities.
Plans and prices
Beta
Full platform access · unlimited usage · multi-entity support · priority support
Read 5 Oct 2026 · novacly.com
Early adopter pricing (target)
Early adopter discount · available to beta users when pricing launches
Read 5 Oct 2026 · novacly.com
Launch pricing (target)
Read 5 Oct 2026 · novacly.com
On the record
- AI
- AI can suggest account mappings, generate variance commentary, answer natural-language data queries, and match intercompany items; users review and decide.novacly.com · read 5 Oct 2026
- 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.novacly.com · read 5 Oct 2026
- Close workflows
- Close management includes task templates, dependencies, deadlines, team assignments, status dashboards, and activity audit trails.novacly.com · read 5 Oct 2026
- Compliance status
- Novacly says it has not undergone SOC 2 Type I or Type II audits and is not SOC 2 Type II certified.novacly.com · read 5 Oct 2026
- Data transformation
- It imports trial balances from CSV, Excel, or API sources and supports direct, split, formula, and bypass transformation rules.novacly.com · read 5 Oct 2026
- 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.novacly.com · read 5 Oct 2026
- Excel
- An Excel add-in provides 11 custom NOVACLY formulas to retrieve financial data and refresh it from Excel.novacly.com · read 5 Oct 2026
- Integrations
- The product page describes Excel connectivity and CSV, Excel, and API data ingestion; the security page lists Google and Microsoft OAuth sign-in.novacly.com · read 5 Oct 2026
- 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.novacly.com · read 5 Oct 2026
- Planning
- Its FP&A features include driver-based planning, rolling forecasts, actuals-based seeding, cost allocations, and segment workflows for submission and approval.novacly.com · read 5 Oct 2026
- Product
- Novacly is a financial close, consolidation, reporting, and planning platform for finance teams managing 5–50+ entities.novacly.com · read 5 Oct 2026
- Reporting
- Financial reports support entity, period, scenario, and layer selection, dimension filters, drill-down to source transactions, and Excel or PDF export.novacly.com · read 5 Oct 2026
- Support
- Beta users receive priority support with direct access to the team; the site also offers contact and demo options.novacly.com · read 5 Oct 2026
