Financial Close Platforms Compared

Nominal learns and adapts to your workflows, delivers deeper insights, and accelerates your close without the need for costly system overhauls.

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The new generation of financial close is here

The evolution of financial close platforms marks three generations of innovation.

Understand your Financial Close Options

Check below how Nominal compares to each company.

Blackline

Nominal

Gen/Year Founded

Gen I (2001)

Gen III (2023)

Target Market

Large-Scale Enterprises

Mid-Market Companies

Focus

Financial Close and Automation

Financial Close and Automation with AI Agents

Integrations

Global Enterprise ERPs

Integration with Major ERPs and Legacy ERPs

Task Management

Comprehensive Task Management

Comprehensive Task Management

Reconciliation

Amortization and Accruals only

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

Transaction Matching

Gen I

Gen III (Agentic AI)

Automation

Gen III (Agentic AI)

Data Source

Journal Entry

General Ledger, Transactions, and Subledgers

Multi-Entity Consolidation

Multi-CoA Support, Automated Intercompany Eliminations and FX Support

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

Variance Analysis (Flux)

Manual Explanation

Auto-Drafting Variance Explanation with AI

Executive Monthly Report

Generated by AI Agents

CoPilot

Intuitive CoPilot with Actionable Insights

Reports

Preset Reports

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

FloQast

Nominal

Gen/Year Founded

Gen II (2013)

Gen III (2023)

Target Market

Mid-Market Companies

Focus

Task Management and Team Collaboration

Financial Close and Automation with AI Agents

Integrations

No Integration with Major ERPs

Integration with Major ERPs and Legacy ERPs

Task Management

Comprehensive Task Management

Comprehensive Task Management

Reconciliation

Spreadsheet-Based

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

Transaction Matching

Gen II (Machine Learning)

Gen III (Agentic AI)

Automation

Gen III (Agentic AI)

Data Source

Trial Balance and Excel Subledgers

General Ledger, Transactions, and Subledgers

Multi-Entity Consolidation

Trail Balance Consolidation, No FX Support.

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

Variance Analysis (Flux)

Manual Explanation

Auto-Drafting Variance Explanation with AI

Executive Monthly Report

Generated by AI Agents

CoPilot

Intuitive CoPilot with Actionable Insights

Reports

Preset Reports

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

SoftLedger

Nominal

Gen/Year Founded

Gen I (2001)

Gen III (2023)

Target Market

Large-Scale Enterprises

Mid-Market Companies

Focus

Financial Close and Automation

Financial Close and Automation with AI Agents

Integrations

Global Enterprise ERPs

Integration with Major ERPs and Legacy ERPs

Task Management

Comprehensive Task Management

Comprehensive Task Management

Reconciliation

Amortization and Accruals only

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

Transaction Matching

Gen I

Gen III (Agentic AI)

Automation

Gen III (Agentic AI)

Data Source

Journal Entry

General Ledger, Transactions, and Subledgers

Multi-Entity Consolidation

Multi-CoA Support, Automated Intercompany Eliminations and FX Support

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

Variance Analysis (Flux)

Manual Explanation

Auto-Drafting Variance Explanation with AI

Executive Monthly Report

Generated by AI Agents

CoPilot

Intuitive CoPilot with Actionable Insights

Reports

Preset Reports

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

OneStream

Nominal

Gen/Year Founded

Gen I (2001)

Gen III (2023)

Target Market

Large-Scale Enterprises

Mid-Market Companies

Focus

Financial Close and Automation

Financial Close and Automation with AI Agents

Integrations

Global Enterprise ERPs

Integration with Major ERPs and Legacy ERPs

Task Management

Comprehensive Task Management

Comprehensive Task Management

Reconciliation

Amortization and Accruals only

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

Transaction Matching

Gen I

Gen III (Agentic AI)

Automation

Gen III (Agentic AI)

Data Source

Journal Entry

General Ledger, Transactions, and Subledgers

Multi-Entity Consolidation

Multi-CoA Support, Automated Intercompany Eliminations and FX Support

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

Variance Analysis (Flux)

Manual Explanation

Auto-Drafting Variance Explanation with AI

Executive Monthly Report

Generated by AI Agents

CoPilot

Intuitive CoPilot with Actionable Insights

Reports

Preset Reports

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

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

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

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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

Enjoy universal ERP compatibility supported by smart data mapping, ensuring smooth integration with both modern and legacy systems.

Risk-Free

Experience a free trial period, a comprehensive proof-of-value evaluation, and dedicated implementation support to ensure a smooth and confident transition.

FAQ

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

In addition to being SOC 1 and SOC 2 compliant, we take extra steps to ensure your financial data processed in Nominal is never shared with other GenAI platforms. All your data is secured within the Nominal platform and processed exclusively within our system.

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.

How does Nominal's automation compare to BlackLine and FloQast?

While BlackLine offers comprehensive automation that takes months to configure and FloQast provides basic workflow improvements, Nominal's AI Agents create workflows that are customizable with plain English.

Can Nominal handle complex multi-entity organizations?

Yes, and we do it better. Nominal provides comprehensive multi-entity support including automated intercompany eliminations, transaction detection, and FX support.

How does Nominal handle reporting?

Nominal offers fully customizable financial statements and AI-generated executive reports with actionable insights. Our intelligent AI assistant provides instant answers to key financial questions.