# Nominal Reviews
**Vendor:** Nominal  
**Category:** [Financial Reconciliation Software](https://www.g2.com/categories/financial-reconciliation)  
**Average Rating:** 4.8/5.0  
**Total Reviews:** 2
## About Nominal
Nominal is an Agentic Performance Management platform specifically designed for mid-market and enterprise finance teams that operate complex, multi-entity environments. This innovative solution seamlessly integrates with existing ERP systems such as NetSuite, Sage Intacct, QuickBooks, Xero, and Microsoft Dynamics, providing a robust framework that automates the manual tasks typically required between ERP systems and spreadsheets. By leveraging advanced AI agents, Nominal streamlines financial processes, allowing teams to focus on strategic decision-making rather than time-consuming administrative work. The platform excels in several key areas, beginning with Continuous Close and Close Management. Nominal transforms the month-end close process into a more efficient review mechanism by orchestrating tasks through a centralized layer. AI agents actively monitor the general ledger (GL) in real time, automatically drafting journal entries and generating review tasks while escalating issues as they arise. This proactive approach shifts the focus from discovering discrepancies after the fact to addressing them in real time, enhancing the overall efficiency of the close process. Another significant feature of Nominal is its Automated Reconciliation capability. The platform's sophisticated matching engine continuously reconciles bank, intercompany, and credit card transactions throughout the accounting period, achieving over 90% automation. This allows finance teams to concentrate on reviewing exceptions rather than sifting through every transaction, thus saving valuable time and resources. Nominal also offers robust Multi-Entity Consolidation and Reporting functionalities. The platform normalizes financial data across various entities, currencies, and ERPs into a unified consolidated model. Automated account mappings, foreign exchange translations, and intercompany eliminations ensure that consolidated reports are not only accurate but also refresh in real time, providing finance teams with up-to-date insights for informed decision-making. Additionally, the Transaction Patrol feature employs AI agents to monitor GL activity across all entities, identifying misclassifications, duplicates, and potential policy violations before they escalate into audit findings. At the heart of Nominal is its unified shadow ledger, which serves as a live, normalized copy of all financial data across every entity and ERP. This foundational element enables the platform's advanced capabilities, ensuring that finance teams can operate with confidence and clarity in their financial reporting and management processes.



## Nominal Pros & Cons
**What users like:**

- Users value the **automation** features of Nominal, enhancing efficiency and minimizing human error in accounting tasks. (2 reviews)
- Users find that Nominal greatly enhances **efficiency** by automating tasks and providing real-time reporting across entities. (2 reviews)
- Users value the **customization features** of Nominal, ensuring it meets their unique closing process needs efficiently. (1 reviews)
- Users praise the **ease of use** of Nominal for its fast consolidation and efficient AI-driven workflows. (1 reviews)
- Users find **easy integrations** in Nominal greatly enhance efficiency and customization in the closing process. (1 reviews)
- Financial Closing (1 reviews)
- Functionality (1 reviews)
- Management Ease (1 reviews)
- Productivity Improvement (1 reviews)
- Real-time Data (1 reviews)

**What users dislike:**

- Users experience a **steep learning curve** with Nominal, making initial setup and automation challenging. (2 reviews)
- Users find that the **expertise required** for implementation slows down the setup process significantly. (1 reviews)
- Users find the **implementation difficulties** time-consuming, needing thorough diligence to ensure proper automation setup. (1 reviews)
- Users find the **lack of automation** makes setting up close areas time-consuming and error-prone, requiring extensive review. (1 reviews)
- Users note a **learning curve** with Nominal, which may pose initial challenges for new users. (1 reviews)
- Time Consumption (1 reviews)

## Nominal Reviews
  ### 1. Nominal Automates Manual Tasks in a Customized Way!

**Rating:** 4.5/5.0 stars

**Reviewed by:** Joshua R. | Controller, Mid-Market (51-1000 emp.)

**Reviewed Date:** August 02, 2024

**What do you like best about Nominal?**

The ability of the system to automate routine, manual closing tasks and daily transactions is incredibly helpful in making the closing process more efficient and significantly reducing the opportunity for human error in accounting entries.

The customization aspect ensures the functionality is meeting our needs and working the way we need to close more timely.

**What do you dislike about Nominal?**

The implementation of each new close area is a little time consuming as it requires a high level of diligence and review to ensure the automation is working in the way expected and there are no errors being made before setting the functions to automatically occur on an ongoing basis.

**What problems is Nominal solving and how is that benefiting you?**

The business problem of having human capital waste time on routine, manual work that is prone to human errors as opposed to focusing on more analysis and strategic tasks that more directly increase value added by the team. CPS/Enterprise is helping reduce that time being spent by employees on these routine tasks to allow them to address other, higher priority issues or enhance efficiency in other areas.

  ### 2. Nominal is worth every penny

**Rating:** 5.0/5.0 stars

**Reviewed by:** Dikla S. | VP finance, Mid-Market (51-1000 emp.)

**Reviewed Date:** July 22, 2024

**What do you like best about Nominal?**

Nominal has been a game-changer for our finance team. The multi-entity consolidation is lightning-fast and the AI-powered workflows have eliminated many hours of manual work. Real-time reporting across all entities is a huge plus - we can make decisions and generate reporting so much quicker now. The close management feature has made our lives easier. Definitely recommend for any growing company juggling multiple entities.

**What do you dislike about Nominal?**

I don't have much to say here. There is a bit of a learning curve to Nominal, like any other software.

**What problems is Nominal solving and how is that benefiting you?**

Multi Entity Consolidation
Lease and prepayment automation
Period-Close Coloration



- [View Nominal pricing details and edition comparison](https://www.g2.com/products/nominal-nominal/reviews?section=pricing&secure%5Bexpires_at%5D=2026-06-14+07%3A24%3A15+-0500&secure%5Bsession_id%5D=491687c9-d83d-4228-a016-58851c3c208e&secure%5Btoken%5D=914228587daadfddba75d1e359c730ab7eabdc855c312cd6166421b7d825762d&format=llm_user)
## Nominal Integrations
  - [Epicor iScala](https://www.g2.com/products/epicor-iscala/reviews)
  - [Microsoft Dynamics 365 Business Central](https://www.g2.com/products/microsoft-microsoft-dynamics-365-business-central/reviews)
  - [NetSuite](https://www.g2.com/products/netsuite/reviews)
  - [Odoo](https://www.g2.com/products/odoo-odoo/reviews)
  - [Odyssey](https://www.g2.com/products/odyssey-preservation-software-odyssey/reviews)
  - [Oracle Accounting Hub Cloud](https://www.g2.com/products/oracle-accounting-hub-cloud/reviews)
  - [Pantheon](https://www.g2.com/products/qritive-pantheon/reviews)
  - [QuickBooks Bill Pay](https://www.g2.com/products/quickbooks-bill-pay/reviews)
  - [QuickBooks Capital](https://www.g2.com/products/quickbooks-capital/reviews)
  - [QuickBooks Convert Essentials](https://www.g2.com/products/quickbooks-convert-essentials/reviews)
  - [QuickBooks Desktop Enterprise](https://www.g2.com/products/quickbooks-desktop-enterprise/reviews)
  - [QuickBooks Desktop Payroll](https://www.g2.com/products/quickbooks-desktop-payroll/reviews)
  - [QuickBooks Desktop Pro](https://www.g2.com/products/quickbooks-desktop-pro/reviews)
  - [QuickBooks Error Support](https://www.g2.com/products/quickbooks-error-support/reviews)
  - [QuickBooks GoPayment](https://www.g2.com/products/quickbooks-gopayment/reviews)
  - [QuickBooks Online Accountant](https://www.g2.com/products/quickbooks-online-accountant/reviews)
  - [Sage 50cloud Accounting](https://www.g2.com/products/sage-50cloud-accounting/reviews)
  - [Sage Intacct](https://www.g2.com/products/sage-intacct/reviews)
  - [SAP Business one](https://www.g2.com/products/ikyam-solutions-private-limited-sap-business-one/reviews)
  - [Unit4 ERP](https://www.g2.com/products/unit4-erp/reviews)
  - [Workday Financial Management](https://www.g2.com/products/workday-financial-management/reviews)
  - [Xero](https://www.g2.com/products/xero/reviews)
  - [Zoho Books](https://www.g2.com/products/zoho-books/reviews)

## Nominal Features
**General Ledger**
- Journal Entries
- Tags / Dimensions
- Audit Trail

**Data Management**
- Data Import
- Data Consolidation
- Data Validation

**Reconciliation**
- Consolidation
- Management
- Accounting

**Reconciliation - Financial Reconciliation**
- Automation
- Bank Statements
- Exceptions
- Algorithms

**Agentic AI - Accounting & Finance**
- Autonomous Task Execution

**Reporting Structure**
- Report Types

**Reporting**
- Report Types
- Standard

**Audit - Financial Reconciliation**
- Accuracy
- Compliance
- Reporting
- Audit Trail

**Standard Analytics**
- Standard KPIs
- Standard Reports
- Financial Statements
- Drill Down

**Closing Process**
- Audit
- Journal Entries
- Distribution

**Integrations - Financial Reconciliation**
- Accounting
- Inventory
- ERP
- Banking

**Custom Analytics**
- Dashboards
- Custom KPIs
- Custom Reports
- Self Service
- Multiple Entities

**User Permissions and Security - Financial Reconciliation**
- Access
- Authentication
- Encryption
- Regulations

**Other Functionality**
- Multi-Entity / Consolidation
- Reconciliations

**Agentic AI - Financial Reconciliation**
- Autonomous Task Execution

**Agentic AI - Financial Analysis**
- Cross-system Integration
- Decision Making

**AI - Financial Close**
- Autonomous Task Execution
- Compliance
- Reconciliation
- Data Collection
- Analysis

**Reporting & Analytics**
- Financial Statements
- Custom Reporting

**Platform**
- Customization
- Workflow Capability
- User, Role, and Access Management
- Performance and Reliability
- Output Document Generation

**Integration**
- Data Import and Export Tools
- Integration APIs
- Breadth of Partner Applications

**Cash Flow**
- Track Cash Flow
- Income and Expenses
- File Exports

**Budgeting & Forecasting**
- Data Import
- Versioning
- Historical Data

**Revenue**
- Revenue Types
- Revenue Allocation
- Scheduling

**AI**
- Data Extraction
- Fraud Detection
- Bank Reconciliations
- Customizable Alerts

**Mobile Applications - Accounting**
- Cloud Integration
- Notifications
- UI

**Agentic AI - Accounting**
- Autonomous Task Execution

## Top Nominal Alternatives
  - [Datarails](https://www.g2.com/products/datarails/reviews) - 4.6/5.0 (348 reviews)
  - [Planful](https://www.g2.com/products/planful/reviews) - 4.3/5.0 (491 reviews)
  - [FloQast](https://www.g2.com/products/floqast/reviews) - 4.6/5.0 (1,392 reviews)