What is Nominal?
Nominal is an AI automation platform designed for finance teams to streamline their workflows, accelerate financial consolidation, and enhance reporting accuracy. It replaces manual spreadsheets and tedious accounting tasks with automated, AI-driven processes. With features like multi-entity consolidation, automated eliminations, and generative AI workflows, Nominal helps businesses close their books faster, simplify revenue management, and ensure compliance with accounting standards like ASC 842 and IFRS 16. Say goodbye to manual data entry and hello to strategic decision-making.
Key Features:
🔄 Multi-Entity Consolidation
Consolidate financial data from multiple entities with a single click, ensuring robust reporting in minutes instead of months.🤖 Auto Eliminations & Adjustments
Nominal detects and performs end-to-end inter-company eliminations and adjustments, delivering cleaner, audit-ready books with minimal manual effort.🛠️ Generative AI Workflows
Transform your unique business processes into tailored, automated workflows using generative AI, freeing up time for strategic financial analysis.🌍 Multi-Currency & Multi-Geography Support
Manage global accounting with support for multiple currencies and automatic revaluation transactions, ensuring compliance across all geographies.
Use Cases:
Speedy Month-End Close
A mid-sized corporation with multiple subsidiaries struggles to close its books every month due to manual data entry and inter-company reconciliations. By implementing Nominal, they automate eliminations and consolidations, reducing their month-end close process from weeks to just a few days.Lease Accounting Compliance
A real estate company needs to comply with the new ASC 842 standards but finds manual lease management cumbersome and error-prone. Nominal's automated lease accounting feature helps them classify, track, and report on leases efficiently, ensuring compliance and reducing manual effort.Real-Time Financial Reporting
A global manufacturing firm needs real-time financial insights to make strategic decisions. With Nominal's Financial Data Lake, they access on-demand, real-time data that allows for quick segmentation and actionable insights, helping them stay ahead of market trends.
Conclusion:
Nominal is the smart choice for finance teams looking to move beyond spreadsheets and manual accounting. By automating routine tasks, providing real-time data, and supporting multi-entity and multi-currency operations, Nominal empowers businesses to focus on strategy rather than spreadsheets. Its AI-driven workflows and comprehensive integrations make it a must-have platform for modern finance teams aiming for efficiency and accuracy.
FAQs:
1. How does Nominal help with lease accounting compliance?
Nominal automates lease classification, liability recognition, and centralized tracking of lease terms, ensuring compliance with ASC 842 and IFRS 16 standards.
2. Can Nominal integrate with my existing financial software?
Yes, Nominal seamlessly integrates with your current accounting software and financial stack, including QuickBooks, Xero, and Sage, without requiring data migration.
3. How does Nominal speed up the month-end close process?
Nominal automates inter-company eliminations and adjustments, consolidates multi-entity data quickly, and offers real-time collaboration features, significantly reducing the time needed for month-end close.
4. What kind of reporting capabilities does Nominal offer?
Nominal provides real-time, customizable reports including GAAP and non-GAAP analysis, cash flow statements, P&L, and balance sheets, all accessible with a single click.
5. Is there a demo available to see Nominal in action?
Yes, you can book a demo on our website to see how Nominal can transform your financial operations and streamline your accounting processes.
More information on Nominal
Launched
2022-04
Pricing Model
Contact for Pricing
Starting Price
Global Rank
1247409
Follow
Month Visit
21.4K
Tech used
Google Analytics,Google Tag Manager,LinkedIn Insights,Webflow,Amazon AWS CloudFront,cdnjs,Cloudflare CDN,JSDelivr,unpkg,jQuery,Gzip,HTTP/3,OpenGraph,HSTS
Top 5 Countries
47.63%
26.52%
6.21%
5.63%
4.03%
United States
United Kingdom
India
Brazil
Indonesia
Traffic Sources
9.54%
1.25%
0.09%
7.13%
34.37%
47.55%
social
paidReferrals
mail
referrals
search
direct
Source: Similarweb (Sep 24, 2025)
Nominal was manually vetted by our editorial team and was first featured on 2024-12-05.
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