For the first time in decades, legacy systems of record (SoRs) face a real threat. Large Language Models (LLMs) are now capable of ingesting unstructured data and executing data migration and integration tasks, eroding the longstanding moats that once protected traditional Enterprise Resource Planning (ERP) vendors.

SoRs can now be rebuilt as systems of intelligence, designed from the ground up with AI-native workflows. In parallel, macro trends like the accounting labor shortage are accelerating the need for intelligent automation. Finance teams are increasingly turning to AI-driven platforms that deliver 10x improvements over traditional methods.

The result? The $220B ERP market is finally open for reinvention.

Our Investment in Nominal

We’re thrilled to announce our lead investment in Nominal’s $20M Series A!
Nominal is pioneering an agentic ERP platform that automates the most tedious and manual accounting workflows. Unlike many players aiming to replace ERPs outright, Nominal takes a pragmatic “wedge-in” approach—integrating seamlessly with existing ERP systems rather than requiring a costly and risky rip-and-replace strategy.
Its platform creates a shadow general ledger that runs in parallel with current systems, eliminating the need for migration or extensive customization. Using AI agents trained to understand financial context, company policies, and inter-system dependencies, Nominal automates complex, high-value tasks such as:

  • Transaction matching

  • Balance sheet and bank reconciliation

  • Multi-entity consolidation

  • Variance analysis

  • Complex journal entries

A Proven Team with a Clear Vision

We met co-founders Guy Leibovitz (CEO) and Golan Kopichinsky (CTO) a year ago and were immediately impressed by their vision and technical depth. As second-time founders, they bring proven execution and category-defining ambition. Their previous company, Cognigo, was acquired by NetApp in 2019 for its AI and data security innovation.

Nominal is already proving indispensable to enterprise and mid-market companies such as Jiffy Lube and GoGlobal Travel.

Looking Ahead

We’re proud to back Nominal alongside our friends at Bling, Hyperwise, and Workday Ventures. As the ERP category undergoes a seismic transformation, we believe Nominal is uniquely positioned to lead the charge.

Next47 is excited to support the team’s mission: to bring AI agents into the core of financial operations, turning the ERP from a system of record into a true system of intelligence.