Compare Nominal vs BlackLine, FloQast, and Other Close Platforms

If you're exploring alternatives to platforms like BlackLine or FloQast, you're likely dealing with slow implementations, manual reconciliations, or limited ERP flexibility. Nominal changes that with AI-native automation that learns your workflows, adapts in real time, and accelerates the close across fragmented systems.

Modern finance teams choose a platform that moves faster without adding complexity. Whether you're consolidating entities, syncing with multiple ERPs, or preparing for audit, with Nominal, you gain control and visibility. No migration. No spreadsheets. No slowdown.

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User flow diagram showing "Nominal" as the central node connected to various platform integrations and tools, displayed on a purple gradient background for SEO optimization and web development workflows.

From Manual to Intelligent: The Future of Close is Here

What began as basic automation tools has evolved slowly over the past two decades. Early platforms like BlackLine introduced digital processes. Second-generation tools added collaboration but still relied on spreadsheets. Today, leading teams are moving to a new generation of platforms built from the ground up with AI.

Comparison timeline of three accounting software companies: BlackLine (2001) pioneering enterprise automation tools, FloQast (2013) enhancing spreadsheet-based reconciliations, and Nominal (2023) introducing AI-powered accounting performance management with digital workforce agents.

Understand Your Financial Close Options

Explore how Nominal compares to other financial close platforms. Select a company below to see key differences in automation, ERP integration, consolidation, and deployment speed.

Nominal vs. Blackline
Nominal vs. FloQast
Nominal vs. OneStream
Nominal
Blackline

Gen/Year Founded

Gen III (2023)

Gen I (2001)

Target Market

Upper Mid-Market and Enterprise

Large-Scale Enterprises

Focus

Financial Close and Automation with AI Agents

Financial Close and Automation

Integrations

Integration with Major ERPs and Legacy ERPs

Global Enterprise ERPs

Task Management

Comprehensive Task Management

Comprehensive Task Management

Reconciliation

Automated
(Leases, Prepayments, Deferred Accruals and Fixed Assets)
and Agentic AI Subledgers

Amortization and Accruals only

Transaction Matching

Gen III (Agentic AI)

Gen I

Automation

Gen III (Agentic AI)

-

Data Source

General Ledger, Transactions, and Subledgers

Journal Entry

Multi-Entity Consolidation

Multi-CoA Support, Automated Intercompany Elimination, Intercompany Transaction Detection, and FX Support

Multi-CoA Support, Automated Intercompany Eliminations and FX Support

Variance Analysis (Flux)

Auto-Drafting Variance Explanation with AI

Manual Explanation

Executive Monthly Report

Generated by AI Agents

-

CoPilot

Intuitive CoPilot with Actionable Insights

-

Reports

Fully Customizable Financial Statements
(BS, P&L, EBITDA, Cash Flow)

Preset Reports

Nominal
FloQast

Gen/Year Founded

Gen III (2023)

Gen II (2013)

Target Market

Upper Mid-Market and Enterprise

Mid-Market Companies

Focus

Financial Close and Automation with AI Agents

Task Management and Team Collaboration

Integrations

Integration with Major ERPs and Legacy ERPs

No Integration with Major ERPs

Task Management

Comprehensive Task Management

Comprehensive Task Management

Reconciliation

Automated
(Leases, Prepayments, Deferred Accruals and Fixed Assets)
and Agentic AI Subledgers

Spreadsheet-Based

Transaction Matching

Gen III (Agentic AI)

Gen II (Machine Learning)

Automation

Gen III (Agentic AI)

-

Data Source

General Ledger, Transactions, and Subledgers

Trial Balance and Excel Subledgers

Multi-Entity Consolidation

Multi-CoA Support, Automated Intercompany Elimination, Intercompany Transaction Detection, and FX Support

Trail Balance Consolidation, No FX Support.

Variance Analysis (Flux)

Auto-Drafting Variance Explanation with AI

Manual Explanation

Executive Monthly Report

Generated by AI Agents

-

CoPilot

Intuitive CoPilot with Actionable Insights

-

Reports

Fully Customizable Financial Statements
(BS, P&L, EBITDA, Cash Flow)

Preset Reports

Nominal
OneStream

Gen/Year Founded

Gen III (2023)

Gen II (2012)

Target Market

Upper Mid-Market and Enterprise

Mid to Large-Sized Enterprises

Focus

Financial Close and Automation with AI Agents

Unified Close, Consolidation, Planning, and Reporting

Integrations

Integration with Major ERPs and Legacy ERPs

Native ERP connectors (Oracle, SAP, Microsoft)

Task Management

Comprehensive Task Management

Embedded Workflow Automation

Reconciliation

Automated
(Leases, Prepayments, Deferred Accruals and Fixed Assets)
and Agentic AI Subledgers

Account Balance Reconciliations with Audit Trail

Transaction Matching

Gen III (Agentic AI)

Rule-Based Auto-Matching

Automation

Gen III (Agentic AI)

Built-In Workflow Automation with AI

Data Source

General Ledger, Transactions, and Subledgers

Unified Data Model Across Systems

Multi-Entity Consolidation

Multi-CoA Support, Automated Intercompany Elimination, Intercompany Transaction Detection, and FX Support

FX, Intercompany Eliminations, Ownership Setup

Variance Analysis (Flux)

Auto-Drafting Variance Explanation with AI

KPI Monitoring and Exception Reporting

Executive Monthly Report

Generated by AI Agents

Management Dashboards

CoPilot

Intuitive CoPilot with Actionable Insights

Embedded AI Agents for Forecasting and Analysis

Reports

Fully Customizable Financial Statements
(BS, P&L, EBITDA, Cash Flow)

Financial, Operational, and ESG Reports

Why CFOs Choose Nominal

Nominal has been transformative for us. We're saving significantly, closing faster, and concentrating on analysis rather than leg work. It elevated our entire team.

Amir Richulsky, CFO, Green Street Partners
Amir Richulsky
CFO, Green Street Partners

“It’s not just the time saved that makes Nominal a game-changer; it’s the confidence of knowing my numbers are right and someone didn’t break something in Excel.”

Greg Hood, Head of Finance, Kunai
Greg Hood
Head of Finance, Kunai
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What Makes Nominal Different?

Adaptive Agentic AI

Our AI Agents learn your workflows without requiring a complete system overhaul. This intuitive digital workforce generates actionable insights, making your processes smarter and more efficient.

Intelligent Analysis

Benefit from smart variance analysis, executive summary insights, and advanced discrepancy detection to keep your financial data accurate and decision-ready.

End-to-End Close Automation

Automated reconciliations, workflow management with automated review and approval flows, and multi-entity consolidation ensure a seamless close process. You can also generate customizable financial statements tailored to your needs.

Robust Integration

Nominal integrates seamlessly with your existing ERP stack, including QuickBooks, NetSuite, Xero, SAP, Sage, Oracle, and more. Smart data mapping ensures smooth syncs across systems so your team can focus on analysis instead of manual fixes or workarounds.

Secure by Design

Nominal is built by cybersecurity veterans and was one of the first AI-native finance platforms to achieve SOC 1 Type II certification. Our platform combines intelligent access controls, audit-proof workflows, and read-only data protections to meet the highest standards for secure, enterprise-grade automation.

Risk-Free

Start with a 60 to 90-day proof of concept agreement before your contract begins. Evaluate Nominal in a live environment with full support and the flexibility to walk away if it’s not the right fit.

FAQ: Comparing Nominal to BlackLine, FloQast, and others

Explore common questions finance teams ask when evaluating close automation software.

Is it safe to process my financial data with Agentic AI?

Yes. Nominal was built from day one with security at its core. Your financial data is never shared with external AI models and is always processed securely within our platform. We are fully SOC 1 and SOC 2 compliant and go beyond baseline controls to ensure your information stays private, protected, and audit-ready.

How does Nominal compare to traditional financial close solutions?

Nominal adapts and enhances your existing accounting and reconciliation workflows. Think of it as your financial close digital workforce - automating repetitive tasks, providing intelligent insights, and letting you focus on strategic priorities while the AI Agents handle the heavy lifting.

What is the difference between Nominal and BlackLine?

Unlike BlackLine, which relies on templates and manual configurations, Nominal uses AI agents that learn your workflows to automate reconciliations, flux, and reporting in real time. The platform also integrates directly with your existing ERP without requiring migration or heavy IT support.

How does Nominal compare to FloQast?

FloQast supports task tracking and checklist-based workflows, mostly for teams still using Excel. Nominal replaces those spreadsheets with intelligent automation that executes tasks, syncs across ERPs, and delivers full audit visibility for growing or global finance teams.

Who are BlackLine and FloQast competitors?

Nominal is a leading competitor to both BlackLine and FloQast, especially for teams managing complex close operations across multiple ERPs or entities. Other alternatives include Planful, Vena, and OneStream, though they vary in automation depth and ERP compatibility.

What makes Nominal different from other close software?

Nominal is the first AI native financial operations platform with agentic automation. Unlike tools that require preset rules or templates, it learns from your data and processes to surface anomalies, reduce risk, and accelerate close without changing your core systems.

Can Nominal handle complex multi-entity organizations?

Yes. Nominal is purpose-built for multi-entity environments. The platform supports automated intercompany eliminations, detects cross-entity transactions, and handles FX translation out of the box, making it easy to consolidate and report without manual workarounds.

How does Nominal handle reporting?

Nominal provides customizable financial statements along with AI-generated reports that surface key insights automatically. The built-in assistant answers complex financial questions instantly, helping teams move from data to decisions without delay.

Is Nominal a good alternative to BlackLine?

Yes. Nominal is often chosen by teams who find BlackLine too complex, slow to implement, or difficult to scale. With AI-powered workflows and real-time ERP integration, it offers a faster and more flexible path to close automation.

Which platform is better: BlackLine, FloQast, or Nominal?

BlackLine and FloQast offer partial automation using templates, checklists, or Excel overlays. Nominal delivers the next generation of close automation with AI agents that handle reconciliations, variance, reporting, and approvals across multi-entity environments without ERP migration.

Does Nominal replace Excel-based workflows?

Yes. Nominal eliminates the need for manual spreadsheet tracking by automating reconciliations, variance analysis, and reporting within a centralized platform. You gain real-time visibility without relying on Excel checklists.