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What is Nominal?

Transform your business operations through automated workflows driven by AI, enabling you to focus on strategic priorities rather than being overwhelmed by spreadsheets. By streamlining transactions that traverse various disconnected systems, you can significantly improve your oversight of comprehensive cross-entity transaction networks. Nominal effectively standardizes and consolidates diverse data from multiple accounting platforms, ensuring that precise financial information is always available in a centralized hub. It not only recognizes, suggests, and executes complete transactions but also handles inter-company eliminations, leading to tidy and audit-ready financial documentation. With seamless integration into your accounting software and the wider financial landscape, Nominal's twin-ledger offers a synchronized multi-entity general ledger that consistently aligns with all your financial records, reducing migration needs and lowering risk. Furthermore, Nominal accommodates third-party integrations and includes built-in sub-ledgers to guarantee compliance with accounting standards such as lease accounting and revenue recognition. By harnessing the power of generative AI, you can automate and enhance your specific business operations, boosting both efficiency and productivity. This cutting-edge strategy equips businesses to swiftly adapt to evolving circumstances while ensuring financial precision remains intact. As a result, organizations can thrive in an increasingly complex financial environment, achieving better decision-making and enhanced performance.

What is Binary Stream Multi-Entity Management?

Consolidate diverse legal entities into a single cohesive system that enables efficient transactions and thorough reporting. Improve your awareness and keep track of your performance with flexible real-time reports that encompass all your companies or divisions. Streamline intercompany transactions by managing the entire workflow within one database, accommodating multiple legal entities in a single transaction while guaranteeing precise allocations and reporting. Proactively address your organization's security needs and establish a foundation for future growth by managing user access based on specific entities and roles. With a dependable security framework in place, you can confidently propel your growth forward. Develop a clear organizational structure while understanding the access rights tied to each position. Centralize the administration of security roles to minimize inconsistencies and decrease the chance of mistakes. Enhance the efficiency of intercompany transactions across various business units, ensuring precision in every aspect of the process. By prioritizing automation, you will not only simplify tasks but also significantly boost your organization’s overall operational efficiency. Furthermore, integrating these systems will enable quicker decision-making and foster a culture of accountability within your teams.

Media

Media

Integrations Supported

Google Sheets
Microsoft Excel
NetSuite
Priority Software
QuickBooks Online
Sage 100
Xero

Integrations Supported

Mekorma
Microsoft Dynamics 365 Business Central
Microsoft Dynamics GP
Vivid Reports

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

Windows

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub

Company Facts

Organization Name

Nominal

Date Founded

2023

Company Location

United States

Company Website

www.nominal.so/

Company Facts

Organization Name

Binary Stream Software

Date Founded

1999

Company Location

Canada

Company Website

www.binarystream.com

Categories and Features

AI Automation

Not specified

AI Tools

Not specified

Lease Accounting

Not specified

Revenue Recognition

Not specified

Task Automation

Not specified

Categories and Features

MRP

Bills of Material
Document Management
Inventory Management
Order Management
Production Scheduling
Quality Management
Reporting/Analytics
Safety Management

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