$9.2M Raised to Automate Multi-entity Accounting Consolidations and Close

Welcome to another exciting episode of The SaaS CFO Podcast! 

Today, we have the pleasure of hosting Guy Leibovitz, the co-founder and CEO of Nominal. Join us as we dive deep into the world of finance and accounting software with Guy, a third-time entrepreneur whose impressive background includes founding Cognigo, an AI and data security company acquired by NetApp in 2019. 

Guy shares his journey from a technical engineer in data science to a successful entrepreneur and investor, and now to leading a groundbreaking company aimed at solving the challenges faced by mid-market, multi-entity companies. Discover how Nominal is revolutionizing the ERP market with its innovative general ledger technology, and learn about their unique approach to automating complex accounting workflows using generative AI. 

Whether you're a finance professional or just fascinated by the intersection of technology and accounting, this episode is packed with valuable insights and inspiring stories. Tune in to hear more about Nominal's mission, their rapid growth, and what's next on their horizon. 

Show Notes: 

00:00 ML unifies multi-entity finances with twin ledgers. 

06:32 Seeking multi-entity companies for subledger technology. 

09:32 Transition from cybersecurity to accounting, a phenomenal experience. 

13:20 Met Kyle and Nathan, invested in IPOI. 

15:52 Measuring ROI for outbound business development strategy. 

17:45 Positive feedback and interest in potential fit. 

Links: 

SaaS Fundraising Stories: https://www.thesaasnews.com/news/nominal-raises-9-2-million-in-seed-round 

Guy Leibovitz’s LinkedIn: https://www.linkedin.com/in/guylaybovich/ 

Nominal’s LinkedIn: https://www.linkedin.com/company/nominalinc/ 

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