About Trullion

Trullion is an AI-powered accounting automation platform that streamlines lease accounting, audit processes, and revenue recognition by utilizing advanced data extraction, validation, and reconciliation techniques. The platform enhances operational efficiency and compliance for finance and audit teams, significantly reducing manual workload and the risk of errors.

```xml <problem> Finance and audit teams face challenges in managing complex accounting processes such as lease accounting, revenue recognition, and audit compliance, often relying on manual data extraction, validation, and reconciliation methods. These manual processes are time-consuming, prone to errors, and can lead to compliance issues. </problem> <solution> Trullion offers an AI-powered accounting automation platform designed to streamline and enhance critical financial workflows. The platform leverages advanced AI and computer vision to automate data extraction from unstructured documents, ensuring accuracy and efficiency. By automating data validation and reconciliation, Trullion reduces manual workloads, minimizes errors, and ensures compliance with accounting standards like ASC 606 and IFRS 15. The platform's GenAI capabilities provide tailored interpretations of financial policies, answer complex queries, and advise on compliance requirements, empowering finance and audit teams to make informed decisions and maintain flawless financial oversight. </solution> <features> - AI-powered data extraction from PDFs and other unstructured data sources - Automated data validation with mathematical checks and discrepancy highlighting - Data reconciliation using rules-based logic to automate matching exercises - GenAI capabilities for interpreting financial documents and advising on compliance - Lease accounting automation to extract lease contracts and ensure ongoing compliance - Revenue recognition automation to report revenue accurately and comply with ASC 606 and IFRS 15 - Audit automation tools built for audit and advisory firms - Customizable dashboards and reporting for real-time insights </features> <target_audience> Trullion primarily targets finance and accounting teams, CFOs, controllers, financial transformation teams, auditors, and advisory firms seeking to streamline accounting processes, improve accuracy, and ensure compliance. </target_audience> <revenue_model> Trullion generates revenue through software subscriptions, offering tiered pricing plans based on the features and level of support required. </revenue_model> ```

What does Trullion do?

Where is Trullion located?

Trullion is based in East New York, United States.

When was Trullion founded?

Trullion was founded in 2020.

How much funding has Trullion raised?

Trullion has raised 33500000.

Location

East New York, United States

Founded

2020

Funding

33500000

Employees

101 employees

Major Investors

StepStone Group

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Trullion

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Executive Summary

trullion.com 10K+

Crunchbase

Founded 2020 – East New York, United States

Funding

Estimated Funding

$20M+

Major Investors

StepStone Group

Team (100+)

No team information available.

Company Description

Problem

Finance and audit teams face challenges in managing complex accounting processes such as lease accounting, revenue recognition, and audit compliance, often relying on manual data extraction, validation, and reconciliation methods. These manual processes are time-consuming, prone to errors, and can lead to compliance issues.

Solution

Trullion offers an AI-powered accounting automation platform designed to streamline and enhance critical financial workflows. The platform leverages advanced AI and computer vision to automate data extraction from unstructured documents, ensuring accuracy and efficiency. By automating data validation and reconciliation, Trullion reduces manual workloads, minimizes errors, and ensures compliance with accounting standards like ASC 606 and IFRS 15. The platform's GenAI capabilities provide tailored interpretations of financial policies, answer complex queries, and advise on compliance requirements, empowering finance and audit teams to make informed decisions and maintain flawless financial oversight.

Features

AI-powered data extraction from PDFs and other unstructured data sources

Automated data validation with mathematical checks and discrepancy highlighting

Data reconciliation using rules-based logic to automate matching exercises

GenAI capabilities for interpreting financial documents and advising on compliance

Lease accounting automation to extract lease contracts and ensure ongoing compliance

Revenue recognition automation to report revenue accurately and comply with ASC 606 and IFRS 15

Audit automation tools built for audit and advisory firms

Customizable dashboards and reporting for real-time insights

Target Audience

Trullion primarily targets finance and accounting teams, CFOs, controllers, financial transformation teams, auditors, and advisory firms seeking to streamline accounting processes, improve accuracy, and ensure compliance.

Revenue Model

Trullion generates revenue through software subscriptions, offering tiered pricing plans based on the features and level of support required.