Nominal reposted this
Every now and then, people ask why I started a new startup after my last exit. The answer is multi-faceted, but this reaction from a VP of Finance, just 20 minutes into our first call with me and Lee, says it all.
We are Nominal, and we empower the next-generation economy. Nominal modernizes and automates accounting and financial management, providing robust reporting, multi-entity consolidation, workflow automation (including accruals and revenue), lease compliance (ASC 842/IFRS 16), period-end close collaboration, and much more. Nominal's generative subledgers transform business logic into actions and insights using Generative AI - without the need for costly engineering or lengthy IT projects. Our shadow-ledger is implemented in days, not months, and seamlessly integrates with existing general ledgers and ERPs.
External link for Nominal
160 Varick St.
New York, New York 10013, US
Derech Menachem Begin 23
Tel Aviv, IL
Nominal reposted this
Ever wondered how AI is transforming financial operations? I recently chatted about just that on The SaaS CFO podcast! 🤖💼 It was a true pleasure to join Ben Murray a couple of months ago. We dove deep into how twin-ledger and GenAI technologies are reshaping the office of the CFO. During our conversation, we explored three key challenges in financial operations (and how AI can solve them): 1. 🏢 Multi-entity financial consolidation 2. 📊 The endless sprawl of Excel-based "workflows" 3. ⏱️ The dreaded prolonged close times Curious to hear more? The podcast link is in the comments below. And who knows? You might pick up some ideas to streamline your own financial processes! 🎧👇
Nominal reposted this
It's time to bring your accounting team out of chaos into clarity. Nominal is your new secret weapon to: - Accelerate financial consolidation and automate intercompany and elimination transactions - Help you organize and track work across all of your team members during month-end close - Automate manual tasks with generative AI - Ditch your spreadsheets and reconcile subledgers (leases, prepaid, etc..) with the click of a button No ERP migration, no risk, and no expensive engineering is required. We ❤ Great Plains, Sage 300, Sage Intacct, NetSuite, Xero, Quickbooks and more.
Nominal reposted this
I'm sure that many people in my network can relate... GenAI and Automation have the power to make your ERP (and your life) great again while maximizing compliance and efficiency. We ❤️ to unclunk Dynamics GP, Sage 300, Sage Intacct, NetSuite, Xero, and Intuit QuickBooks. check out Nominal (https://nominal.so)
Nominal reposted this
We all know it—working with ERPs can be a hassle. GenAI has the potential to "unclunk" the process. But what's behind the buzzwords? This interesting CIO Magazine®, featuring research from Forrester, suggests that the first step is "finding a problem". But what does that actually mean? Here's my playbook with three concrete steps you can take today: 1. 📊 Identify spreadsheets that involve processing documents (e.g., contracts, invoices), performing calculations, and posting the results back to the GL. 2. 🔍 Pinpoint the area with the highest compliance risk and investigate the root cause. Often, human error plays a significant role. 3. ⏰ Determine which tasks consume the most time during the period-end close. These are the areas where GenAI can make the biggest impact. Now that you know where to start, how can you implement GenAI to solve these challenges? DM me directly or visit Nominal's website (https://nominal.so) to learn more about our generative ledgers that require no migration, no engineering, and no risk. 🚀 https://lnkd.in/eNbFaxXY
Nominal reposted this
Already met some great folks attending the IMA24 Conference in San Antonio 🇺🇸 at the pool & spa before the welcome reception tonight. Come to our booth tomorrow/Tuesday if you’re here too - and learn what brought me from Madrid, Spain 🇪🇸 to Texas for this event. Nominal is a new AI accounting tool designed for controllers and their teams to automate manual and repetitive tasks. (Think of journal entry processes, day to day accounting in spreadsheets, month-end close…) It works as a layer on top of your ERP/systems - so there’s no need for migrations🤯 etc. We’ll be at booth 318! IMA | Institute of Management Accountants
Nominal reposted this
Attending AICPA Engage 2024? 🎉 AI is transforming the accounting landscape, and it's time to move beyond the buzzwords. At Nominal, we're excited to show you how our cutting-edge technology can accelerate your month-end close by 30-40 hours. I invite you to: 1️⃣ DM me (I personally respond to all messages) to discuss how Nominal can revolutionize your accounting processes. 2️⃣ Visit our Booth #104 to explore: ✅ Accounting Automation with Generative Subledgers ✅ Multi-Entity Consolidation and Management ✅ AI-driven Insights from Raw Accounting Data Let's connect and discover how Nominal empowers finance professionals to focus on strategy, not spreadsheets. #AICPAEngage2024 #AccountingAutomation #AI #FinanceTech #Innovation
We will be exhibiting at the #AICPAENGAGE conference next week in Las Vegas! Stop by our booth #104 and discover how you can level up your business while Nominal levels up your accounting. #ENGAGE24 #Engage2024
Nominal reposted this
There are also fewer farmers in the US, but no food shortage. And, like in agriculture, the solution is technology, and GenAI now makes it possible. It's unrealistic to offshore strategic finance teams but we can automate internal accounting - strategy over spreadsheets. If you're interested in learning more, visit the "generative subledgers" section - https://nominal.so Nominal