Nominal
Automate financial consolidation and reporting with AI-powered accounting
Target Audience
- Corporate Finance Teams
- Accounting Departments
- CFOs
- Enterprise Businesses
Hashtags
Overview
Nominal streamlines complex financial operations by connecting siloed accounting systems into one platform. It uses AI to automate tasks like inter-company eliminations and lease compliance while generating executive-ready reports. Finance teams can collaborate with AI assistants to accelerate month-end closes and maintain audit-ready books without manual spreadsheet work.
Key Features
Unified Management
Aggregates data from disconnected accounting systems into one source
Auto Elimination
AI detects and processes inter-company transactions automatically
Executive Reporting
Transforms raw data into narrative reports with actionable insights
Lease Compliance
Automates ASC 842/IFRS 16 tracking to prevent accounting errors
AI Assistant
Answers complex financial queries in plain English
Use Cases
Automate financial consolidation
Manage lease accounting compliance
Accelerate month-end close
Generate executive reports
Answer complex finance queries
Pros & Cons
Pros
- Reduces manual accounting work through AI automation
- Ensures compliance with lease accounting standards
- Provides real-time consolidated financial data
- Offers plain-language explanations of account variances
Cons
- Primarily targets enterprise-level accounting needs
- Requires integration with existing financial systems
Frequently Asked Questions
How does Nominal handle lease accounting compliance?
Automates tracking of lease lifecycle events and ensures adherence to ASC 842/IFRS 16 standards
Can Nominal replace our existing accounting software?
Works alongside existing systems through integrations, providing consolidation and automation layer
How does the AI assistant help finance teams?
Provides plain-English explanations of account changes and answers complex compliance questions
Integrations
Reviews for Nominal
Alternatives of Nominal
Automate financial close processes with AI-powered reconciliations and variance analysis
Automate financial operations with AI-powered accounting
Automate accounting workflows and reduce financial errors with AI
Automate financial workflows with AI-powered reconciliation and error detection
Automate financial workflows with AI-powered accounting solutions
Automate financial reporting with AI-powered precision
Automate accounting tasks to save time and reduce errors
Automate financial reconciliation and accounting closure controls with AI