Trullion

What is Trullion?

Trullion is an AI-powered accounting platform designed to automate financial workflows for accounting and audit teams. It leverages both data automation and GenAI to streamline critical accounting processes, including ASC 842 lease accounting, revenue recognition (ASC 606 and IFRS 15 compliance), and audit readiness. With Trullion, businesses can eliminate manual tasks, reduce financial risk, and ensure compliance effortlessly.

How does Trullion work?

Trullion's platform combines data automation and GenAI. Here's a breakdown:

• Data Automation: Trullion automates data extraction from financial documents, ensuring accuracy and saving time.
• GenAI (Trulli): Trulli, Trullion's agentic AI assistant, provides instant answers based on company-specific policies, reporting standards, and real-world scenarios, improving accuracy and efficiency.

Key Features and Benefits

• Audit Automation:
  • Speeds up testing and simplifies reviews.
  • Eliminates data silos, offering accurate results faster.
  • Provides a complete audit trail with linked data and formulas for easy verification.
• Lease Accounting Automation:
  • Automates every step of lease accounting, from contract extraction to real-time schedules, journal entries, and disclosures.
  • Handles foreign currency conversion and tracks asset changes, ensuring compliance and audit readiness.
• Revenue Recognition:
  • Ensures accurate revenue reporting.
  • Allows for custom rule setting specific to business needs.
  • Complies with ASC 606 and IFRS 15 standards.
• Trulli AI Chatbot: Delivers instant answers based on custom policies, reporting standards, and real-world scenarios, allowing for quick insights and decision-making.

Who is Trullion for?

Trullion is designed for:

• Accounting Teams: Automate lease accounting tasks and improve efficiency.
• Audit Teams: Streamline processes and ensure accuracy.
• Controllers: Automate lease accounting tasks, including converting foreign currencies, and tracking asset changes.
• CFOs: Access, automate, and reconcile financial liabilities and documents, including leases.
• Financial Transformation Teams: Automate workflows with quick setups, scalable infrastructure, and ready-to-review reports.
• Advisory Teams: Streamline financial processes for clients.

Why choose Trullion?

• Efficiency: According to customer testimonials, Trullion can reduce time spent on reporting by over 25% and save over 30% on software costs.
• Accuracy: Trullion ensures accuracy in financial reporting, reducing the risk of errors and non-compliance.
• Peace of Mind: Knowing that you have a reliable system in place for accounting tasks is critical.

Customer testimonials

• Morgan Hoffmann, Group Financial Accountant: Reduced reporting time by over 25% and saved over 30% on costs.
• Ville Räsänen, Senior Finance Manager: Realized that without Trullion, they would have spent twice as much time on manual calculations and reporting in Excel.
• Tricia Katebini, CPA, Partner: Praises Trullion's audit fieldwork suite of AI-powered tools.
• Yaron Kaneti, VP Finance: Notes that with Trullion, audits are relaxed, and the risk is low.
• Vincent Shurr, Global Director of Corporate Accounting and Consolidations: Appreciates the peace of mind provided by Trullion's reliable system.

By automating critical accounting workflows and providing AI-powered insights, Trullion helps accounting and audit teams achieve greater efficiency, accuracy, and compliance. It's an ideal solution for those looking to transform their financial processes with cutting-edge technology.