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.
Funding
$33.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SGFounders
Product
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.
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.
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