Make lease accounting easy with AI-powered ASC 842 lease accounting software

Our recommendation is that 10 leases is the point at which you should seriously consider lease accounting software. Sure, using spreadsheets for 15 or even 20 leases is still possible and indeed many organizations still do this. However with ASC 842 coming into effect, and the requirements around balance sheet recognition of an asset and liability, it’s going to become increasingly difficult to maintain your leases using spreadsheets.

Whether you’ve adopted utilizing Excel or software, switching to Trullion will save you time and money with its innovative and streamlined approaches. Our use of AI and Day 2 workflows go above and beyond the boundaries that Excel and legacy technology can provide making everything from your monthly close to your audit much more efficient.

Using the latest AI-enhanced technology, the Trullion platform automatically extracts data from source documents such as Excel files and PDFs to perform lease analysis. Our proprietary AI technology is the only one of its kind that natively lives inside the platform for direct tagging from the unstructured documents to the extracted data used to calculate the subledger journal entries. This, packaged with a flexible interface, allows the user to avoid the manual typing that comes with extraction and maintain tagging for all of the data points, standard or custom, that matter to your organization.

Trullion is SOC 1 & SOC 2 KPMG compliant.

Trullion’s onboarding process is as ready as you are with most implementations taking between four and eight weeks. We know there is plenty of heavy lifting to be compliant that needs to be done outside of software and we aim to ensure our platform is available and ready to use immediately. If you have your policy decisions and data centralized, the application is ready for you to make your settings decisions and upload your data. We also work with a number of Certified Partners that can provide advisory services and help alleviate any resource constraints you may have in the adoption process.

Trullion’s customer success team is made up of CPAs and experienced consultants that help in the onboarding process and provide ongoing customer support. The team employs highly customer-centric technology and tools that allow us to understand the context of your requests and get you answers immediately. Our product knowledge base is constantly being updated to provide our users with all the information and videos they could need to fully utilize Trullion’s capabilities.

Absolutely! We offer the most detailed and transparent audit trail all the way back to the tagged documents.