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Welcome to another episode of Bottom Lines, hosted by Nominal’s CEO, Guy Leibovitz. In our Bottom Lines video series, we explore the latest product feature from Nominal and discuss how AI is bringing new values to accounting and finance today. In this episode, we dive into Agentic AI and share how it's transforming the way accounting teams work.
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What is Agentic AI and How is it Different from GenAI?
Let’s explore the evolution of AI in recent years. Salesforce CEO Marc Benioff explained it well in his recent interview with the Big Technology Podcast. AI started with large language models, next-generation algorithms, and deep learning in 2010, which led the way for building powerful language models. This first AI wave introduced prompt engineering—a method to interact with AI through carefully crafted instructions. As deep learning capabilities expanded and computing power improved, we entered the era of Generative AI, giving rise to models like OpenAI’s GPT and Anthropic’s Claude - GenAI systems capable of understanding and generating human-like text.
We are now entering into the era of Agentic AI. By connecting these powerful language models with meaningful datasets and specific business contexts, we have the capability to create something new. While Generative AI excels at creating content and responding to prompts (think of it as a sophisticated conversation partner), Agentic AI takes things to the next level by acting as a proactive team member capable of performing various tasks and projects independently.
For example, AI agents can:
- Access and interact with your systems and processes independently
- Take concrete actions based on your data and make decisions within defined parameters
- Provide contextual insights through real-time data analysis
In accounting terms, it’s the difference between an AI that can explain a reconciliation process (GenAI) versus an AI that can actually perform the reconciliation, identify discrepancies, and can create journal entries based on your data needs (Agentic AI).
How Nominal Implements Agentic AI
At Nominal, we've built our platform around one core principle: accounting professionals don’t need to change how they work. Instead, we've created a system that enhances and supports their workflows.
Native Digital Twin General Ledger
We connect directly to your ERP through API or database connection, creating an AI-native digital “mirror” of your general ledger. Think of it as AgentForce for ERPs – no migration required, no lengthy engineering needed.
No Workflow Changes
Our system mirrors all your data – data entries, invoices, bills, everything – and then fills in ERP gaps with automated workflows, such as financial consolidation, close management, subledger management, lease management - all powered by our AI agents.
(Meet) Nomi
Our AI assistant isn't just another chatbot. With our agentic toolkit, Nomi becomes your on-demand analyst:
- Access internal data and process information in real-time
- Identify bottlenecks in your close process
- Analyze lease payments and create visual representations
- Perform complex financial analyses - including flux analysis
- Generate instant balance sheet summaries and other financial reports
Why We Are Excited
What excites us most is seeing how our customers use Nomi. They're treating Nomi like their on-demand accounting and financial analyst - asking sophisticated questions and receiving immediate, actionable insights. This isn't just about saving dozens or hundreds of hours during each month-end close – it's about transforming how accounting is done.
Agentic AI isn't just another tech buzzword – it's represents a shift in how we approach accounting workflow and financial analysis.
Stay tuned for more episodes of Bottom Lines, where we'll continue exploring how AI is reshaping the future of accounting. As always, we’d love to hear from you - feel free to drop us a note (sales@nominal.so) or follow us on Linkedin for more updates from Nominal.
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