Nominal is an AI-powered automation platform designed for finance and accounting teams. It aims to move beyond traditional spreadsheet-based workflows by offering generative workflows, financial consolidation, and dynamic reporting.
Key features:
- AI Agents: Transforms business logic into AI-driven workflows for accounting automation.
- Financial Consolidation: Streamlines multi-entity financial consolidation with a single click.
- AI-Powered Analysis: Converts raw financial data into actionable insights and narratives.
- Close Management: Expedites period-end closing processes through AI and human collaboration.
- Data Lake: Provides on-demand financial data for analysis and decision-making.
- Integrations: Connects to existing accounting software and financial stacks without requiring migration.
Use cases:
- Automating intercompany transactions and eliminations.
- Generating executive reports with AI-driven insights.
- Managing and tracking closing tasks.
- Automating lease accounting and revenue recognition.
- Providing real-time cash balances and financial KPIs.
