What is Nominal AI ?
Nominal is an advanced AI-driven financial automation platform built to streamline and modernize accounting operations without the need for complex and costly ERP migrations. It empowers finance teams by deploying intelligent agents that manage critical tasks such as multi-entity consolidation, lease accounting compliance (ASC 842/IFRS 16), month-end close processes, and other recurring financial operations. By converting complex business logic into seamless automated workflows, Nominal helps organizations significantly reduce manual effort, minimize human error, and accelerate financial reporting timelines. The platform integrates effortlessly with existing accounting systems and tools, providing real-time insights, customizable reporting, and actionable analytics to enhance financial transparency and operational efficiency. Through its focus on automation and flexibility, Nominal enables finance teams to shift their attention from transactional work to more strategic activities that drive business growth and financial agility.
Feature Table
| Feature | Details |
|---|---|
| Name | Nominal |
| Core Use | Financial process automation for enterprises |
| Industry Focus | Accounting, finance, SaaS, real estate, multi-entity organizations |
| AI Capabilities | AI analysis, generative workflows, predictive narratives |
| Key Features | Consolidation, close automation, lease accounting, compliance tools |
| Platform Integration | ERP systems, accounting software, lease data, BI tools |
| User Experience | No-code workflows, centralized dashboards, audit-ready reports |
| Setup Time | Moderate – varies based on entity count and configuration |
| Security | Compliant with ASC 842, IFRS 16, and standard enterprise data security |
Who Should Use Nominal?
🧾 Controllers & Consolidation Teams handling multi-entity reporting or intercompany eliminations
📉 FP&A Teams aiming to close faster and reduce manual workflows
🏢 Enterprises with multiple subsidiaries or global operations
🤝 Lease-heavy businesses needing ASC 842/IFRS 16 compliance
🧠 Finance leaders who want automation without depending on IT or engineers
How to Use Nominal (Step-by-Step)
Connect Accounting & Entity Data
Sync Nominal with ERP/accounting systems, lease data, and chart of accounts.Define Workflows with AI
Use no-code generative workflows to automate recurring tasks like closes or eliminations.Automate Financial Consolidation
Run multi-entity consolidations and eliminate intercompany transactions in one click.Accelerate the Month-End Close
Centralize checklists, assign roles, and track progress in real time.Leverage AI Analysis & Reporting
Generate executive-ready reports with predictive insights and AI-powered narratives.Ensure Compliance
Automate lease tracking and reporting in full compliance with ASC 842 / IFRS 16.
Pricing Plans
| Plan | Price | Features |
|---|---|---|
| Custom Plan | Variable | Based on user count, entity volume, and automation needs |
📞 Nominal offers personalized pricing only — contact their team for a quote tailored to your financial structure.
Free vs Paid Comparison
Nominal does not offer a free plan, and is targeted at medium to large-sized businesses needing enterprise-grade finance automation.
| Feature | Free | Paid (Custom) |
|---|---|---|
| AI-Powered Consolidation | ❌ | ✅ |
| Generative Workflow Automation | ❌ | ✅ |
| Lease Accounting (ASC 842/IFRS) | ❌ | ✅ |
| Month-End Close Management | ❌ | ✅ |
| Predictive Reporting | ❌ | ✅ |
Capabilities
🧮 One-Click Consolidation
Automate intercompany eliminations and generate consolidated reports instantly🤖 Generative Workflows
Build custom accounting workflows without coding or engineering support⏱️ Close Management
Track month-end tasks, resolve blockers, and accelerate timelines📊 AI-Driven Financial Analysis
Generate insights, detect anomalies, and forecast outcomes with embedded AI📄 Lease Accounting Compliance
Automate lease lifecycle accounting in full compliance with ASC 842 & IFRS 16✅ Audit-Ready Outputs
Ensure reporting is always ready for auditors and regulatory review
Evolution Timeline
| Year | Milestone |
|---|---|
| 2022 | Nominal launches with financial consolidation and lease accounting tools |
| 2023 | Added generative workflows and close management dashboard |
| 2024 | Introduced AI-powered financial reporting and real-time compliance updates |
| 2025 | Enhanced scalability for global multi-entity enterprises |
Pros and Cons
| Pros | Cons |
|---|---|
| ✅ AI-powered automation for close, consolidation, and reporting | ❌ May be cost-prohibitive for small businesses |
| ✅ Compliance-ready lease accounting | ❌ Initial setup can be complex for large orgs |
| ✅ No-code workflows reduce IT dependency | ❌ Learning curve for setting up workflows and close processes |
| ✅ Designed for multi-entity scale and financial complexity |
Summary for Target Users
Nominal is built for finance teams managing scale, complexity, and compliance. If your business needs to consolidate multiple entities, automate closes, or ensure compliance with lease standards — all without hiring engineers — Nominal brings the automation power finance has been waiting for.
✅ Best for: Enterprises, finance teams with multi-entity structures, lease-heavy orgs
🚫 Not ideal for: Small businesses looking for basic bookkeeping tools
Official Resources
Final Verdict
Nominal modernizes financial operations with AI-first automation, predictive insights, and built-in compliance. It’s more than just accounting software — it’s a strategic automation engine for the finance function. Ideal for finance leaders looking to replace manual tasks with intelligent workflows, speed up closes, and make their processes audit-ready.
If your team is still living in spreadsheets and email threads — Nominal will feel like the future.