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What is Trullion AI?
Trullion AI is an accounting automation platform that extracts data from financial documents to simplify lease accounting, audits, and revenue recognition processes. The system helps finance teams comply with standards like ASC 842 and IFRS 16 while reducing manual work and improving accuracy in their accounting workflows.
What sets Trullion AI apart?
Trullion AI distinguishes itself by offering real-time financial insights, allowing CFOs and controllers to make data-driven decisions faster. The platform's collaborative features enable smooth communication between internal finance teams and external auditors, reducing back-and-forth during audits. By automating complex calculations, Trullion AI helps companies minimize errors and focus on strategic financial planning.
Trullion AI Use Cases
- Automate lease accounting
- Streamline revenue recognition
- Enhance audit efficiency
- Extract financial data
Who uses Trullion AI?
Features and Benefits
- Automatically extract key details from financial documents and contracts using advanced optical character recognition and computer vision technologies.
AI-Powered Data Extraction
- Streamline lease accounting workflows with AI-driven tools that help maintain compliance with standards like ASC 842 and IFRS 16.
Automated Lease Accounting
- Enhance audit efficiency by centralizing financial information and simplifying data requests through AI-powered tools.
Intelligent Audit Assistance
- Automate revenue recognition processes to align with ASC 606 and IFRS 15 standards, reducing manual work and improving accuracy.
Revenue Recognition Automation
- Accelerate data matching and reconciliation tasks using rules-based logic and AI technologies to improve accuracy and save time.
AI-Driven Data Reconciliation
Trullion AI Pros and Cons
Pros
Automates lease accounting processes
Simplifies ASC 842 compliance
Provides centralized lease management
Offers user-friendly interface
Includes helpful audit trail feature
Provides responsive customer support
Cons
Reports processing can be slow for complex leases
SAP integration could be simpler
Onboarding process takes time
Limited customization options for reports
Pricing
Enterprise Price not available
AI-powered platform
Lease accounting automation
Audit efficiency
Revenue recognition streamlining
Data extraction
Data validation
Data reconciliation
GenAI capabilities
Integrations with CRM, billing, and ERP systems