Nominal stands at the forefront of financial technology, offering an AI automation platform designed to revolutionize how businesses manage their finances. By transforming complex business logic into streamlined, AI-powered workflows, Nominal allows companies to shift their focus from tedious spreadsheet management to strategic growth and decision-making.
At its core, Nominal provides a unified platform that simplifies financial consolidation, close management, accounting automation, lease accounting, and revenue recognition. This comprehensive suite of tools ensures that multi-entity finance operations can be managed with unprecedented efficiency and accuracy. With features like auto elimination and a hierarchical multi-entity general ledger, Nominal ensures that financial data is normalized, aggregated, and always in sync across all accounting systems.
One of the platform's standout features is its ability to integrate seamlessly with existing financial stacks, eliminating the need for risky migrations. Nominal's twin-ledger technology and third-party integrations, coupled with integrated subledgers, ensure compliance with accounting standards such as ASC 842/IFRS 16 for lease accounting and ASC 606/IFRS 15 for revenue recognition.
Moreover, Nominal harnesses the power of generative AI to build tailored workflows that drive strategic growth. This innovative approach to process automation not only enhances operational efficiency but also future-proofs businesses against increasing demands. With Nominal, companies can maintain financial integrity, ensure compliance, and accelerate period-end close processes, all from a single, unified workspace.
In essence, Nominal is more than just an accounting tool; it's a strategic partner for businesses looking to leverage AI for smarter financial management. By replacing manual accounting processes with automated, data-driven solutions, Nominal empowers businesses to make informed decisions, optimize financial performance, and achieve sustainable growth.
