Nominal: Revolutionizing Finance with AI Automation
Nominal is an innovative AI-powered platform designed to transform the world of finance. It offers a comprehensive suite of features that enable businesses to streamline their financial processes and make more informed decisions.
Overview
Nominal's key strength lies in its ability to convert business logic into AI-powered workflows. This allows companies to focus on strategic planning rather than getting bogged down in manual spreadsheet tasks. The platform provides solutions for various financial aspects, including financial consolidation, multi-entity finance management, and accounting automation.
Core Features
One of the standout features of Nominal is its ability to handle financial consolidation with ease. It enables multi-entity finance management with just a single click, significantly reducing the time and effort required for this complex task. Additionally, the platform offers data-driven collaboration to accelerate the month-end close process, ensuring that businesses can meet their financial deadlines more efficiently.
Another important feature is the accounting automation capabilities. Nominal streamlines operations using Generative AI, making it easier to manage tasks such as lease accounting and revenue recognition. The platform also ensures that financial data is normalized and aggregated across siloed accounting systems, providing accurate and consistent information.
Basic Usage
Using Nominal is straightforward. It connects to your accounting software and integrates with the rest of your financial stack. The platform's twin-ledger system is a hierarchical multi-entity General Ledger that remains in sync with all your books, eliminating the need for migration and reducing the risk of errors. Nominal also offers third-party integrations and integrated subledgers to ensure compliance with accounting standards.
In conclusion, Nominal is a game-changer in the world of finance. It empowers businesses to improve their financial processes, make smarter decisions, and achieve greater efficiency. Say goodbye to manual accounting and hello to a more streamlined and productive future with Nominal.
