Trullion Lease Accounting
AI-powered automation for lease accounting and audit workflows.
Executive Summary
Trullion offers an AI-powered accounting software solution specifically designed to automate lease accounting and audit workflows. It leverages artificial intelligence to eliminate manual tasks, reduce financial risk, and ensure companies remain audit-ready and compliant with standards like ASC 842 and IFRS 16. The platform helps finance teams streamline complex accounting processes, from data extraction to reporting. The solution utilizes advanced technologies like AI and OCR to scan and interpret source documents, transforming unstructured data into structured, auditable information. This capability significantly accelerates compliance efforts, such as ASC 842 and IFRS 16 implementation, and enhances the overall efficiency of financial operations. Trullion also provides robust security measures, including SOC 2 compliance and encrypted storage, to protect sensitive financial data. With an open API, Trullion integrates seamlessly with existing technology infrastructures, allowing for a connected ecosystem of best-in-breed tools. This enables greater control, agility, and improved financial decision-making for CFOs and finance professionals. The platform aims to revolutionize enterprise operations by providing AI-driven audit solutions that enhance data analysis, reporting, and overall financial transparency.
Use Cases
- Automating lease accounting for ASC 842 compliance
- Automating lease accounting for IFRS 16 compliance
- Streamlining audit workflows and preparing for audits
- Extracting data from source documents using AI and OCR
- Enhancing data analysis and reporting for financial operations
Features
Visibility
- Real-time Lease Portfolio View: Gain immediate insights into all lease assets and liabilities, their financial impact, and compliance status through a centralized dashboard.
- Audit Trail & Traceability: Maintain a complete and auditable record of all lease data and changes, with full traceability back to original source documents.
Intelligence
- AI-Powered Data Extraction: Automatically extracts key data points from unstructured lease documents using advanced AI and OCR, eliminating manual data entry errors.
- Automated Compliance Calculations: Performs complex calculations for ASC 842 and IFRS 16, ensuring accurate financial reporting and compliance.
Technical Specifications
- Architecture
- Modern cloud architecture supporting scalable APIs, background jobs, data pipelines, and database modeling (SQL/NoSQL).
- Deployment
- SaaS
- API Available
- Yes
Security & Compliance
Certifications: SOC 2, GDPR
Encryption: Data encryption for sensitive financial information, including encrypted storage and access controls.
Pricing
- Starting Price
- Contact sales
- Target Customer
- Mid-Market,Enterprise
About Trullion
Trullion provides AI-driven automation for accounting teams, extracting data from contracts and financial documents to streamline bookkeeping, audit, and financial reporting workflows. Their platform connects document intelligence with accounting systems to reduce manual data entry and improve accuracy for finance and accounting professionals.