FloQast vs Nominal
FloQast
Enterprise accounting teams: CFOs, CAOs, controllers, accountants, internal audit and compliance
2013; Los Angeles, California
Nominal
Mid-market and enterprise finance teams, including multi-entity companies and accounting teams at scaling companies
Founded April 2023; offices in New York City and Tel Aviv
FloQast and Nominal both automate the month-end close on top of the existing ERP, from reconciliations and transaction matching to journal entries and flux analysis.
FloQast, founded in Los Angeles in 2013, serves 3,500+ accounting teams, including Lululemon, Shopify and HubSpot; Nominal, founded in 2023 with offices in New York City and Tel Aviv, runs AI agents on a shadow ledger beside the ERP for mid-market and enterprise finance teams.
FloQast vs Nominal: side by side
“Not published” means the vendor does not state it.
| FloQast | Nominal | |
|---|---|---|
| What it does | Close checklists, account reconciliations, AI agents, transaction matching, journal entries, variance analysis, and controls and audit workflows | AI agents for account and bank reconciliation, transaction matching, journal entries, close management, flux analysis, intercompany and multi-entity consolidation, run on a shadow ledger beside the existing ERP |
| Best for | Enterprise accounting teams: CFOs, CAOs, controllers, accountants, internal audit and compliance | Mid-market and enterprise finance teams, including multi-entity companies and accounting teams at scaling companies |
| Founded and HQ | 2013; Los Angeles, California | Founded April 2023; offices in New York City and Tel Aviv |
| Ownership and funding | Venture-backed; Series E US$100m (Apr 2024) led by ICONIQ Growth at a US$1.6bn post-money valuation | Venture-backed; Series A US$20m led by Next47 with Workday Ventures (Jul 2025); total funding US$30m |
| Customers or users | 3,500+ accounting teams, including Lululemon, Chipotle, Shopify, HubSpot, DoorDash and Major League Baseball | Team Car Care (largest Jiffy Lube franchisee in the US), Green Street Power Partners, Leanpay, Kunai and GoGlobal Travel |
| Pricing | Not published; packages (Close Management, Close AI, Risk & Compliance) with no per-user fees; contact sales | Not published |
| Deployment and markets | Works on top of the ERP; offices in the US, London, Berlin, Sydney and Pune; site in English, German and French | Cloud; runs alongside any ERP, with multi-entity, multi-currency and multi-book support (regions served not published) |
FloQast integrations
General ledger and ERP connections.
Main differences
FloQast covers close checklists, reconciliations, transaction matching, journal entries, variance analysis, and controls and audit workflows; Nominal covers reconciliations, matching, journal entries and flux analysis, plus intercompany and multi-entity consolidation.
FloQast has 3,500+ accounting teams and passed US$200m in annual recurring revenue in January 2026; Nominal names Team Car Care, Green Street Power Partners, Leanpay and Kunai.
FloQast raised a US$100m Series E in April 2024 at a US$1.6bn valuation; Nominal raised a US$20m Series A in July 2025 led by Next47 with Workday Ventures, and US$30m in total.
FloQast posts nothing to the books without human approval; Nominal offers a read-only mode and a full audit trail.
Which to choose
Choose FloQast if
- You want an established close platform with controls and audit workflows, used by 3,500+ accounting teams
Choose Nominal if
- You run many entities and want AI agents handling reconciliation, intercompany and consolidation beside your ERP
Compare further
Common questions
What is the difference between FloQast and Nominal?+
FloQast covers close checklists, account reconciliations, AI agents, transaction matching, journal entries, variance analysis, and controls and audit workflows. Nominal provides AI agents for account and bank reconciliation, transaction matching, journal entries, flux analysis, intercompany and multi-entity consolidation, run on a shadow ledger beside the ERP.
Do FloQast and Nominal replace the ERP?+
No. FloQast works on top of the ERP. Nominal runs beside the existing ERP on a shadow ledger, with no ERP migration required.
How are FloQast and Nominal funded?+
FloQast is venture-backed: it raised a US$100m Series E in April 2024, led by ICONIQ Growth at a US$1.6bn post-money valuation. Nominal raised a US$20m Series A in July 2025 led by Next47 with Workday Ventures, and US$30m in total.
Part of Accountio’s accounting technology coverage.
