Name: Trullion
Rating: 8 (1 reviews)
Author: Trullion

Help Desk

Web and Video Conferencing

Customer Support

Business Intelligence (BI)

Collaboration

Data Discovery and Visualization

Document Management

Enterprise Generative AI

File Sharing

Objectives and Key Results (OKR)

VoIP

Enterprise

Accounting

Online Trading

Payment Orchestration

Trust Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Corporate Volunteering

Course Authoring

Employee Engagement

Employee Performance Management

HR Management

Payroll

Recruitment Agency

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Cloud Migration

Cloud Storage

Database DevOps

Database Management

Enterprise Backup

Fraud Detection

Hadoop-Related

High Availability Cluster

IT Service Management (ITSM)

Incident Response

Integrated Development Environment (IDE)

Integration Platform as a Service (iPaaS)

Network Performance Monitoring

Network Virtualization

Remote Monitoring and Management

Traffic Switching

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Competitive Intelligence

Consumer Ratings & Reviews

Content Management

Cross-Channel Campaign Management

Email Marketing

Local Listing Management

Marketing Automation

Presentation

SMS Marketing

Social Media Advertising

Social Media Management

Survey & Forms Building

Web Analytics

Wholesale Marketplace

Marketing

Field Service Management

Professional Services Automation

Project Management

Professional Services

Conversation Intelligence

Customer Relationship Management (CRM)

Lead Generation Services

Sales Gamification

Sales

Cloud Access Security Brokers

Video Surveillance

Security

Digital Forensics

Estate Planning

Home Health Care

Insurance Claims Management

Military and Defense

Vertical-Specific

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### ASC 842 Compliance
User sentiment is generally positive regarding Trullion's asc 842 compliance capabilities. Reviewers appreciate the ease of learning and implementing Trullion for ASC 842 compliance, highlighting the platform's competence in managing leases and facilitating compliance with accounting standards. The tool's ability to streamline calculations, generate journal entries, and handle subleases efficiently has garnered praise from users. Additionally, the audit trail feature is commended for its effectiveness in tracking changes and ensuring compliance with ASC 842 requirements. Trullion's impact on saving time, reducing errors, and simplifying the adoption process for ASC 842 compliance has been well-received by users.

### Financial Reporting
Users appreciate Trullion's accurate and efficient financial reporting capabilities, noting the ease of use and intuitive interface for generating reports. While some users have encountered discrepancies in reporting numbers, they highlight the prompt response and resolution provided by the support team. The ability to export data to Excel at any stage and the convenience of the audit trail are also highlighted as positive aspects of Trullion's financial reporting functionality. Some users mention that reporting may take time, especially when dealing with numerous variables in leases, but overall, Trullion's financial reporting is seen as a valuable asset in streamlining the reporting process.

### Audit and Compliance
Users consistently highlight Trullion's audit and compliance functionalities as robust and user-friendly. The software's audit trail feature is particularly commended for streamlining the auditing process and facilitating thorough reviews by auditors. Reviewers appreciate the ease of access to necessary documentation and the ability to customize reports to meet specific compliance requirements. Trullion's audit capabilities have proven instrumental in ensuring adherence to regulatory standards such as ASC 842 and IFRS 15, garnering positive feedback for its efficiency and accuracy in audit preparation.

### Lease Management
Users generally praise Trullion's lease accounting platform for its ease of use and efficiency in managing lease portfolios. The software's intuitive interface and ability to centralize lease data have been highlighted as key strengths by users. Some users have mentioned that the software could improve in terms of categorizing leases more intuitively. However, overall, users appreciate Trullion's ability to streamline lease management processes and provide a user-friendly experience for both clients and auditors.

### Contract Management
Users generally appreciate Trullion's efficient contract management capabilities. The AI-powered features for uploading and extracting contract data have been highlighted as time-saving and user-friendly. Reviewers have praised the ease of importing contracts, the accuracy of data extraction, and the simplicity of making edits to contracts. However, some users have noted limitations with language support for OCR, which may pose challenges for contracts in non-English languages. Despite this, the overall consensus leans towards positive experiences with Trullion's contract management functionalities.

### Data Extraction and Analysis
Users generally praise Trullion's efficient data extraction and analysis features. The software's ability to accurately extract key data from contracts and documents has been highlighted as a significant benefit by multiple reviewers. Many users appreciate the ease of use and the time-saving aspect of the data extraction process. Additionally, the high accuracy and fast results of the extraction tool have been commended, with users expressing confidence in the reliability of the extracted data for their reporting and analysis needs.

### Document Management and OCR Technology
Users have consistently praised Trullion's document management and OCR technology for its efficiency and accuracy in extracting information from various types of documents. The software's ability to read and process documents quickly has been highlighted as a significant time-saving feature. Despite some initial onboarding challenges, users appreciate the user-friendly interface and the support provided by the customer service team. The use of OCR technology to streamline the abstraction process and enhance data accuracy has been a standout feature for many users, showcasing Trullion's commitment to leveraging modern technology for improved document management.

### AI and Automation
Users consistently praise Trullion's AI and automation features for streamlining contract management processes and saving time. The AI tool is lauded for its efficiency in extracting key details from leases and contracts, making editing and changes a breeze. While some users note that the AI could be faster at times, the overall sentiment leans towards the positive, with many highlighting the ease of use and intuitive nature of the automation features. Additionally, the automatic contract data extraction is a standout feature that users appreciate for its accuracy and time-saving benefits.

### Error Detection and Correction
Users consistently praise Trullion's error detection and correction features, highlighting its ability to significantly reduce the risk of errors in lease accounting processes. The tool's advanced technology, such as OCR and automatic calculations, streamlines the identification and rectification of potential mistakes, leading to more accurate financial reporting. Reviewers emphasize the efficiency and accuracy of Trullion's error detection capabilities, noting a marked improvement in error prevention compared to traditional methodologies. The consensus among users is that Trullion's error detection and correction functionalities are robust and reliable, providing a strong foundation for error-free lease management.

Trullion is a powerful SaaS platform designed for enterprise companies and organizations seeking to efficiently comply with ASC 842, IFRS 16, and GASB 87 lease accounting standards. The software utilizes AI technology to automatically detect key information from uploaded PDF or Excel files, dramatically reducing the time involved in data extraction from hours to minutes.

Trullion's advanced automation of workflows under ASC 842 and IFRS 16 ensures fewer errors and streamlined operations across your organization. With features such as automated bulk upload, unlimited modification support, ERP entries, dynamic reporting tools, and an intuitive user interface at your disposal; you can easily handle even the most complex compliance requirements.

The secure cloud environment is SOC1 and SOC2 audited & backed by reports from Big Four audit firms. Trullion offers cost-effective automation of lease accounting compliance within just thirty days - making it ideal for businesses looking for a comprehensive solution that will deliver consistent results without breaking their budgets.

Trullion is a software company headquartered in Dallas and Israel, that aims to create business transparency by using software to power real-time visibility into company financials and form a single source of truth.

Acumatica delivers a set of cloud-based business software applications with dashboards, reporting tools, integrated document management, centralized security, and customization tools.

Acumatica

Xero is an online accounting software product for small businesses and personal finance. Its features beyond general ledger and double-bookkeeping include quotable invoicing, bank reconciliation, purchase order and expense management, and tax management. Third party apps can extend its features further.

Early

Growing

Established

Xero

Trullion

1 in 3 accounting software users find it difficult to choose the right tool. Find the best solution for you.

The Buyer’s Guide to Accounting Software

Software for tracking revenues and expenses and forecasting future revenue.

Likelihood to Recommend

Usability

Support Rating

General Ledger and Configurable Accounting

Multi-division support

Regulations compliance

Self-service portal

Journals and Reconciliations

Webinar - Leveraging AI for Lease Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Cash management

The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.

Bank reconciliation

The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

Expense management

The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

Time tracking

The software can track billable and non-billable employee time by project.

Fixed asset management

This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.

Multi-currency support

The software supports transactions across multiple currencies.

The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.

The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.

Electronic tax filing

The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.

The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Intercompany Accounting

Automatically balance and reconcile GL for intercompany transactions

Localizations

Meet reporting requirements with country-specific localizations

Automate and synchronize ledgers and processes

Enterprise Accounting

Create accounting for disconnected ERP and non-accounting source systems

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Centralized Rules Framework

Integrate disparate ERP and transactional systems into single ERP instance

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Manufacturing module

The software helps track and manage raw materials, work-in-progress items, and finished goods.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

End-to-end order visibility

Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics

Order exception Resolution

Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Trullion

Overview

What is Trullion?