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Nominal: AI-Powered Financial Automation Platform for Streamlined Efficiency

Nominal

Nominal is an AI-powered platform that streamlines financial processes, automates workflows, and provides real-time insights, allowing finance teams to focus on strategy over spreadsheets.

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Nominal: AI-Powered Financial Automation Platform for Streamlined Efficiency

Nominal: The AI Automation Platform for Finance

Nominal is an AI-powered platform designed to revolutionize financial processes for businesses of all sizes. It streamlines accounting tasks, automates workflows, and provides real-time insights, allowing finance teams to focus on strategic decision-making rather than manual data entry and reconciliation.

Key Features

  • Financial Consolidation: Consolidates multi-entity financial data with a single click, providing a unified view of the entire organization's financial health.
  • Close Management: Accelerates the month-end close process through data-driven collaboration and automation.
  • Accounting Automation: Streamlines operations using Generative AI, automating repetitive tasks and reducing errors.
  • Lease Accounting: Simplifies compliance with ASC 842/IFRS 16 standards.
  • Revenue Recognition: Automates revenue management workflows in accordance with ASC 606/IFRS 15.
  • Generative AI Workflows: Transforms unique business processes into custom automations.
  • Financial Data Lake: Provides a centralized repository for all financial data, ensuring data integrity and accessibility.
  • Integrations: Connects seamlessly with existing accounting software and other financial tools.

Benefits

  • Increased Efficiency: Automates manual tasks, freeing up time for strategic initiatives.
  • Improved Accuracy: Reduces errors associated with manual data entry and reconciliation.
  • Enhanced Collaboration: Facilitates data-driven collaboration among finance teams.
  • Better Decision-Making: Provides real-time insights and data-driven analytics.
  • Reduced Costs: Streamlines processes and reduces the need for manual intervention.
  • Improved Compliance: Ensures compliance with relevant accounting standards.

Comparisons

Nominal stands out from other financial automation platforms by offering a truly unified platform that combines AI-powered automation with a robust financial data lake. Unlike solutions that focus on individual tasks, Nominal provides a holistic approach to financial management, integrating various processes and providing a single source of truth for all financial data. This comprehensive approach minimizes data silos and ensures consistency across the entire organization.

Conclusion

Nominal empowers finance teams to move beyond spreadsheets and embrace the power of AI-driven automation. By streamlining processes, improving accuracy, and providing valuable insights, Nominal helps businesses achieve greater financial efficiency and make smarter, data-driven decisions.

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