About Tool

Nominal is built to simplify complex financial operations for companies managing multiple entities, currencies, or high transaction volumes. It automates manual accounting tasks such as transaction matching, intercompany eliminations, and period-end close workflows. Instead of relying on spreadsheets, finance teams get a centralized AI-powered system that ensures accuracy, audit readiness, and real-time visibility. The tool also provides narrative and variance analysis to help teams understand financial fluctuations instantly.

Key Features

• Automated transaction matching and account reconciliation
• Multi-entity and multi-currency consolidation
• AI-powered month-end close workflows and journal entry automation
• Real-time variance analysis and narrative financial insights
• Audit-ready approval trails and compliance workflows
• Works alongside existing ERP or general ledger systems

Pros:

• Reduces manual accounting workload and improves process accuracy
• Ideal for complex, multi-entity financial structures
• Provides audit-ready insights and transparency
• Enhances period-end close speed with automated workflows

Cons:

• Setup may require time depending on ERP and data connections
• May be too advanced for small businesses with simple accounting needs
• Data quality must be maintained to fully leverage automation

Who is Using?

Nominal is used by mid-size to large enterprises, finance teams managing multiple subsidiaries, global operations, controllers, CFOs, and accounting departments seeking automation and audit-ready workflows.

Pricing

Nominal follows a custom enterprise pricing model, typically based on number of entities, transaction volume, and required integrations. A sales consultation is needed for exact pricing.

What Makes Unique?

Nominal stands out because it adds an AI automation layer on top of existing ERP systems, eliminating the need for migration while delivering deep reconciliation, consolidation, and close-management automation. Its narrative reporting and variance explanation features also provide financial clarity beyond traditional tools.

How We Rated It:

• Ease of Use: ⭐⭐⭐⭐☆
• Features: ⭐⭐⭐⭐⭐
• Value for Money: ⭐⭐⭐⭐☆
• Flexibility & Utility: ⭐⭐⭐⭐⭐

Nominal is a highly effective tool for companies with complex financial structures that want to reduce manual accounting tasks and accelerate the close process. Its AI-driven automation and audit-ready workflows make it especially valuable for growing or enterprise-level organizations. If your finance team needs greater efficiency, transparency, and consolidation power, Nominal is a strong choice to consider.