Trullion

Trullion is an AI-powered accounting software company that automates financial workflows such as audits, lease accounting, revenue recognition, and financial statement validation. The company offers several AI products, including tools for automating reconciliation, data extraction from financial documents, and financial validation across statements and disclosures. Trullion has also launched "Trulli," an AI assistant specifically built for accounting professionals to transform manual financial processes into intelligent, automated workflows. The primary target audience for Trullion's AI products is finance and accounting professionals, including those involved in compliance, audit, and financial reporting functions.

Trullion is an AI-powered accounting platform that automates financial workflows for accounting and audit teams. Its main features and functions include: - Data Match: Automates the matching of financial data across sources. - Data Extract: Uses AI to extract data from contracts and documents. - Financial Statement Validation: Validates financial statements for accuracy and compliance. - Lease Accounting: Automates lease accounting processes, including contract extraction, real-time schedules, journal entries, and disclosures, ensuring compliance with ASC 842. - Revenue Assurance: Automates revenue recognition and compliance with ASC 606 and IFRS 15. - Trulli AI Chatbot: An AI assistant that provides instant answers based on custom policies and reporting standards. - Audit Suite: Automates audit workflows, speeds up testing, simplifies reviews, and provides a complete audit trail with linked data and formulas. The platform is designed for accounting teams, audit teams, and advisory teams, helping them reduce manual tasks, minimize risk, and stay compliant efficiently.

Trullion primarily supports the practice area of accounting, with a specific focus on lease accounting, revenue recognition, and audit workflows. It is not designed for legal practice areas like Corporate/M&A, Litigation, or IP, but rather for finance and accounting professionals, including those in managed services and audit. Key features and functions of Trullion include: - Automated lease accounting and management - Revenue recognition automation - AI-driven audit workflows (including vouching, tracing, and substantive testing) - Data extraction from unstructured documents (like leases) into structured data - Compliance with accounting standards (ASC 842, IFRS 16, GASB 87) - Amortization schedules, asset lifecycle management, and critical date alerts - AI-powered data matching and reconciliation - Workflow automation for accounting teams - Audit readiness and risk reduction.

Trullion is covered under the following security and compliance standards: - SOC 2 - GDPR compliant - HIPAA compliant - CCPA compliant There is no evidence that Trullion is ISO 27001 certified based on the available information.

Trullion explicitly states in its privacy policy that: - Customer data is processed as a "data processor" under the instruction of the customer, and Trullion does not use this data for its own purposes. The privacy policy does not mention using client data for training AI models. - Data retention is governed by legal, contractual, and business needs, and data is kept only as long as necessary for these purposes. Customers can request erasure of their data under certain circumstances. - Trullion uses industry-standard security measures, including encryption, to protect data. - The company offers cloud-based services and processes data in the US, Europe, Israel, and the UK, but there is no explicit mention of on-premises deployment or private cloud options in the privacy policy. - There is no explicit mention of customer-managed encryption keys. For more details, see Trullion's privacy policy.