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BlackLine / FloQast / Nominal

Financial Close
Platforms Compared

Transform your financial close with AI Agents that work for you, not the other way around

The new generation of financial close is here

The evolution of financial close platforms marks three generations of innovation. BlackLine (2001) pioneered enterprise automation tools, FloQast (2013) enhanced spreadsheet-based reconciliations, and Nominal (2023) introduced the first accounting performance management platform powered by digital workforce, bringing AI Agents to accounting workflows.

Understand your Financial Close Options

Strategy over Spreadsheets
1st Gen - BlackLine
  • First to introduce enterprise-level automation
  • Requires complex 3-6 month implementation
  • Involves significant workflow adjustments
  • Demands extensive training and IT support
2nd Gen - FloQast
  • Excel-integrated reconciliation management
  • Relies on manual spreadsheet processes
  • Limited automation capabilities
  • Basic variance analysis tools
3rd Gen - Nominal
  • AI Agents learn and adapt to your workflows
  • Automated reconciliations and variance analysis
  • ERP functionality enhanced by Agentic AI
  • Streamlined implementation approach
  • Compatible with modern and legacy systems
BlackLine
FloQast
Gen/Year Founded
Gen I (2001)
Gen II (2013)
Gen III (2023)
Target Market
Large-Scale Enterprises
Mid-Market Companies
Focus
Financial Close and Automation
Task Management and Team Collaboration
Financial Close and Automation with AI Agents
Integrations
Global Enterprise ERPs
No Integration with Major ERPs
Task Management
Comprehensive Task Management
Comprehensive Task Management
Comprehensive Task Management
Reconciliation
Amortization and Accurals only
Spreadsheet-Based
Automated (Leases, Prepayments, Deferred Accruals and Fixed Assets) and Agentic AI Subledgers
Transaction Matching
Gen I
Gen II (Machine Learning)
Automation
-
-
Gen III (Agentic AI)
Data Source
Journal Entry
Trial Balance and Excel Subledgers
Multi-Entity Consolidation
Multi-CoA Support, Automated Intercompany Eliminations and FX Support
Trail Balance Consolidation, No FX Support.
Multi-CoA Support, Automated Intercompany Elimination, Intercompany Transaction Detection, and FX Support
Variance Analysis (Flux)
Manual Explanation
Manual Explanation
Auto-Drafting Variance Explanation with AI
Executive Monthly Report
-
-
CoPilot
-
-
Reports
Preset 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

The Agentic AI Era of Financial Close is Here

Nominal is the first Agentic AI accounting platform designed to adapt to your current accounting workflow, not the other way around. Experience how our AI Agents learn your current processes and transform your finance and accounting workflows.

Our accounting performance platform manages everything from data processing, account reconciliation to financial reporting, AI Agent generated insights, variance analysis and customized reporting. With integration support for both major and legacy ERPs, Nominal advances your existing systems to the Agentic AI era.

What Makes Nominal different?

Adaptive Agentic AI

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AI Agents learn your workflows
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No system overhaul required
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Intuitive digital workforce generating actionable insights

Intelligent Analysis

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Smart variance analysis
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Executive summary insights
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Discrepancy detection

End to End Close Automation

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Automated reconciliations
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Workflow management - automated review and approval flows
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Multi-entity consolidation
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Customizable financial statements

Robust Integration

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Universal ERP Compatibility
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Smart data mapping

Risk-Free

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Free trial period
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Comprehensive proof-of-value evaluation
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Dedicated implementation support

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.