Nominal AI Platform

Description

Nominal is an innovative AI platform designed to transform accounting operations by automating manual tasks. It integrates with existing systems, allowing companies to run their entire close process with AI agents. Nominal's platform is trusted by large, complex companies for its ability to execute accounting workflows autonomously, thereby freeing teams to focus on strategic business activities.

The platform offers features such as agentic performance management, which replaces traditional manual accounting work with autonomous execution across entities, systems, and cycles. Nominal's deterministic AI agents ensure accuracy, auditability, and control, handling tasks like reconciliation, variance analysis, and close management.

Nominal is ERP-agnostic, meaning it can plug into any ERP, ledger, or data source without locking users into a specific vendor or process. This flexibility is complemented by a unified, bi-directional data ledger that spans entities, systems, and currencies, ensuring seamless multi-entity consolidation and intercompany management.

Security is a priority for Nominal, with the platform adhering to SOC 1 and SOC 2 compliance standards. It offers robust data integrity features, including a read-only mode and detailed audit trails, safeguarding critical data with state-of-the-art security tools.

Nominal's value proposition lies in its ability to improve operational efficiency by up to three times, reduce hiring needs by 65%, and eliminate the need for ERP changes. It empowers finance teams to move from doing the work to running the business, providing real-time financial clarity and insights that drive smarter decisions.

Nominal AI Platform's Core Features

• Agentic Performance Management

• ERP-agnostic integration

• Deterministic AI agents

• Multi-entity consolidation

• Intercompany workflow automation

• Unified data ledger

• SOC 1 and SOC 2 compliance

• Real-time variance analysis

• Automated reconciliation

• Audit-ready records

How to use Nominal AI Platform?

1. 1

   Connect: Integrate with existing systems

2. 2

   Configure: Set up accounting workflows

3. 3

   Execute: Automate reconciliation and consolidation

4. 4

   Review: Monitor outputs and insights

5. 5

   Optimize: Enhance operational efficiency

Nominal AI Platform's Use Cases

• Automated reconciliation
• Multi-entity consolidation
• Intercompany workflows
• Variance analysis
• Close management

FAQ from Nominal AI Platform

• What is Nominal AI platform?

  Nominal is an AI platform that automates accounting workflows, integrating with existing systems to enhance efficiency.

• How does Nominal improve operational efficiency?

  Nominal automates manual accounting tasks, allowing teams to focus on strategic activities, improving efficiency by up to three times.

• Is Nominal compatible with all ERP systems?

  Yes, Nominal is ERP-agnostic and can integrate with any ERP, ledger, or data source.

• What security standards does Nominal adhere to?

  Nominal complies with SOC 1 and SOC 2 standards, ensuring robust data security and integrity.

• How does Nominal handle data reconciliation?

  Nominal uses deterministic AI agents for continuous reconciliation, maintaining audit-ready records without manual intervention.

• Can Nominal handle multi-entity operations?

  Yes, Nominal supports multi-entity consolidation and intercompany workflow automation.

• What is agentic performance management?

  Agentic performance management is Nominal's approach to replacing manual accounting work with autonomous execution across systems.

• How does Nominal ensure data integrity?

  Nominal offers a read-only mode and detailed audit trails to maintain data integrity and prevent accidental modifications.