Case Study: Leanpay cuts month-end close time by 25% with Nominal

Leanpay Cuts Month-End Close Time by 25% With Nominal

Leanpay, a European Buy Now, Pay Later provider, faced significant challenges with its manual, Excel-based process for consolidating financial data across its five entities in multiple currencies. The cumbersome and error-prone system slowed down their month-end close and hindered their ability to quickly respond to queries from investors and auditors. This prompted their search for a robust solution, leading them to the vendor, Nominal.

By implementing Nominal's AI-powered finance platform, Leanpay automated its multi-entity and multi-currency consolidation. The solution provided direct integration with their ERP, offering transparency and drill-down capabilities. This resulted in a 25% reduction in month-end close time, shaving off at least two days, and cut their year-end close by weeks. Nominal's platform also improved accuracy and enabled the finance team to address investor queries much more quickly.

LeanPay

Jan Grižon

Head of Finance