Case Study: Kunai Consulting saves 80+ hours during acquisition due diligence with Nominal

Nominal Saves Kunai 80+ Hours During Acquisition Due Diligence

Kunai, a consultancy that provides IT engineering services to major financial institutions, faced a significant challenge. Its rapid international growth had resulted in fragmented finance systems across multiple countries, each with different charts of accounts and currencies. This web of disconnected spreadsheets and ledgers made financial consolidation a major hassle, slowing down the month-end close and threatening to stall a potential acquisition. The company needed a fast, reliable way to produce GAAP-compliant, audit-ready reports without embarking on a costly and time-consuming ERP overhaul.

The company implemented Nominal, an AI-powered finance platform that integrated directly with its existing QuickBooks and Excel systems. Nominal automated complex processes like multi-currency translation and intercompany eliminations, allowing Kunai to quickly consolidate its books. This solution saved an estimated 80 to 90 hours of manual work, cut a full day from the monthly close, and helped avoid $20,000 in staffing costs. Most importantly, Nominal provided the clean, consolidated financials needed for due diligence, de-risking the transaction and helping pave the way for Kunai's successful acquisition.

Kunai Consulting

Greg Hood

Head of Finance