Trullion for Corporate Auditors and Controllers
Automate financial compliance with an AI-powered source-to-report audit trail for total data transparency.
Deep Context
Trullion is an AI-powered accounting automation platform that streamlines lease accounting (ASC 842/IFRS 16), revenue recognition, and audit workflows.
Executive Summary
Trullion utilizes machine learning to extract data from unstructured financial documents, automatically generating disclosure reports and providing a verifiable link between financial statements and source documentation.
Perfect For
- Corporate Controllers managing high volumes of leases
- External Audit firms seeking automated verification tools
- Finance Directors at enterprise-level organizations
- Compliance Officers overseeing ASC 842 and IFRS 16 standards
Not Recommended For
- Personal accounting or small business bookkeeping
- Companies without complex lease portfolios or revenue contracts
- Tax preparation for individual filers
The AI Differentiation:
Source-to-Report AI Audit Trail
This technology employs advanced OCR and Natural Language Processing to create a bidirectional mapping between financial line items and their origin. Every cell in a Trullion-generated report is clickable, instantly surfacing the specific clause, table, or figure within the original PDF contract or invoice image. This eliminates manual 'ticking and tying' by providing immediate evidentiary support for every journal entry.
Enterprise-Grade Features
Automated Lease Extraction
AI scans lease contracts to identify key dates, payments, and options, populating accounting schedules instantly.
ASC 842 & IFRS 16 Compliance
Generates audit-ready disclosure reports and journal entries specifically formatted for global accounting standards.
Audit-Ready Workflow
Provides a collaborative portal where external auditors can verify data without manual file sharing or email chains.
ASC 606 Revenue Recognition
Automates the 5-step revenue recognition process for complex multi-element service and SaaS contracts.
ERP Sync
Bidirectional integration with NetSuite, Sage Intacct, and SAP ensures financial data remains consistent across the stack.
Pricing & Logistics
Professional Integrity
Core Strengths
- Unmatched traceability with Source-to-Report linkage
- Significant reduction in human data-entry errors
- Rapid implementation compared to legacy ERP modules
Known Constraints
- Premium pricing tailored for mid-market and enterprise
- Requires clean PDF sources for optimal AI extraction accuracy
Industry Alternatives
LeaseQuery
Popular for lease accounting but lacks the deep AI-driven document extraction of Trullion.
Visual Lease
Strong asset management focus but less emphasis on automated audit trail transparency.
FloQast
Excellent for month-end close management but does not handle technical lease accounting calculations natively.
Expert Verdict
A must-have for controllers in public companies or audit firms looking to modernize the evidence-collection process.