No. 11 of 29 ·Financial Close Software

novacly

Web · API

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Freedom report

One barScore 5.2

Free tierA free tier is on its own pricing page
Open codeNo open-source code on record
Runs widely1 of 6 device platforms
DocumentedThinly documented

novacly is ranked #11 of 29 in financial close software on Freedom251. It runs on API, Web. There is a free plan.

novacly plans and pricing

All plans

Beta Free Free during beta; no credit card. Beta duration is not specified. Full platform access · unlimited usage · multi-entity support · priority support novacly.com · 5 Oct 2026

Early adopter pricing (target) Not published Targeted around $50/mo for early adopters; not a current charge. Early adopter discount · available to beta users when pricing launches novacly.com · 5 Oct 2026

Launch pricing (target) Not published Targeting ~$250/mo at launch; not a current charge. novacly.com · 5 Oct 2026

Compared on financial close software

Free plan: Yes
Task dependencies: Yes
Approval workflows: Yes
Audit trail: Yes
Multi-entity close: Yes
Recurring templates: Yes
ERP connectivity: api

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The record

Product: Novacly is a financial close, consolidation, reporting, and planning platform for finance teams managing 5–50+ entities.
Close workflows: Close management includes task templates, dependencies, deadlines, team assignments, status dashboards, and activity audit trails.
Data transformation: It imports trial balances from CSV, Excel, or API sources and supports direct, split, formula, and bypass transformation rules.
Reporting: Financial reports support entity, period, scenario, and layer selection, dimension filters, drill-down to source transactions, and Excel or PDF export.
Planning: Its FP&A features include driver-based planning, rolling forecasts, actuals-based seeding, cost allocations, and segment workflows for submission and approval.
Excel: An Excel add-in provides 11 custom NOVACLY formulas to retrieve financial data and refresh it from Excel.
Integrations: The product page describes Excel connectivity and CSV, Excel, and API data ingestion; the security page lists Google and Microsoft OAuth sign-in.
AI: AI can suggest account mappings, generate variance commentary, answer natural-language data queries, and match intercompany items; users review and decide.
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.
Compliance status: Novacly says it has not undergone SOC 2 Type I or Type II audits and is not SOC 2 Type II certified.
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.
Support: Beta users receive priority support with direct access to the team; the site also offers contact and demo options.
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.
Price from: Free

Where it ranks on Freedom251

Best Financial Close Software in 2026#11 of 29

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Sources

novacly.com· checked 5 Oct 2026
novacly.com/features· checked 5 Oct 2026
novacly.com/security· checked 5 Oct 2026
novacly.com/beta· checked 5 Oct 2026