Trullion

Trullion is an AI-powered accounting and audit platform designed to help finance departments, accounting professionals, corporate controllers, and audit firms manage complex financial workflows with greater efficiency, accuracy, and transparency. Founded in 2019, the company combines artificial intelligence, accounting expertise, and workflow automation to reduce repetitive administrative work and help organisations maintain reliable financial records.

The platform focuses on areas where accounting teams often spend significant time reviewing documents, extracting financial information, reconciling records, testing transactions, and preparing reports. Instead of relying entirely on spreadsheets and manual document reviews, Trullion uses AI to process financial information, organise supporting evidence, and produce structured outputs that can be reviewed by accounting professionals.

One of Trullion’s central capabilities is its AI-powered lease accounting solution. Lease accounting can become complicated when an organisation manages multiple properties, equipment agreements, vehicles, offices, or other leased assets. Accounting teams must identify important contract information, calculate lease liabilities and right-of-use assets, account for changes in agreements, prepare journal entries, and produce the necessary disclosures. Trullion helps automate these activities by extracting information directly from lease documents and connecting the extracted information to accounting calculations.

Users can upload lease agreements in formats such as PDF and Excel. The platform uses document processing and AI to identify important information, including commencement dates, payment schedules, contract terms, renewal provisions, and other relevant details. Accounting professionals can review the extracted information, apply the appropriate accounting judgments, and use the system to produce lease schedules and accounting outputs.

Trullion supports major lease accounting standards, including ASC 842, IFRS 16, GASB 87, and FRS 102. This makes it relevant to organisations operating under different financial reporting frameworks. Its support for multiple standards is particularly useful for multinational organisations that need to manage reporting requirements across different jurisdictions.

Another important capability is lease modification management. Lease agreements can change during their lifetime because of extensions, terminations, revised payment arrangements, or other contractual amendments. Such changes may require accounting reassessment and updated calculations. Trullion helps teams identify modifications, update lease information, and maintain records of changes. Its audit trail connects accounting outputs to the original source documentation, allowing reviewers to understand where information came from and how records were updated.

Trullion also offers revenue assurance and revenue recognition capabilities. Revenue accounting often involves reviewing customer agreements, identifying performance obligations, understanding contract terms, and determining when revenue should be recognised. These activities can be demanding when a business manages a large number of contracts or complex billing arrangements. Trullion uses AI to extract relevant information from revenue contracts, identify renewal terms and revenue-impacting clauses, and compare extracted information with data from other business systems.

The platform supports accounting workflows associated with ASC 606 and IFRS 15. It helps finance teams organise contract information, identify inconsistencies, and maintain traceability between accounting conclusions and their supporting documents. By bringing contract information together with billing, CRM, and ERP data, Trullion aims to improve the consistency of revenue-related records and make financial reviews easier.

For audit professionals, Trullion provides AI-powered tools for evidence extraction, document matching, substantive testing, and financial statement validation. Auditors frequently work with large collections of invoices, contracts, statements, spreadsheets, and other supporting documents. Reviewing these materials manually can take considerable time. Trullion helps transform unstructured documents into organised information that can be analysed and checked against accounting records.

Its document extraction capabilities help identify relevant information from different source files. Data matching tools can assist with comparing records and identifying inconsistencies. Financial statement validation supports the review of figures, references, and relationships across financial reports and supporting schedules. These workflows can help audit teams focus more attention on exceptions and professional judgment rather than repetitive document handling.

Trullion also provides tools for internal audit teams. Organisations can use the platform to organise evidence, standardise testing procedures, and maintain documentation supporting internal controls and audit conclusions. The centralised approach can improve collaboration between finance, compliance, and audit departments while making it easier to retrieve relevant evidence during reviews.

The platform’s newer AI capabilities are organised around agents, workflows, and a knowledge layer. Trulli is Trullion’s AI assistant, designed to answer questions about financial information, surface patterns, and help users understand accounting data. It is intended to provide responses grounded in relevant source information and accounting context rather than functioning as a general-purpose chatbot.

The workflow component brings together tasks such as data extraction, document interpretation, financial statement validation, substantive testing, and accounting analysis. The knowledge layer connects internal policies, accounting standards, historical financial information, and organisational methodologies. This allows accounting teams to work with information that reflects their own procedures and relevant reporting requirements.

A major distinction of Trullion is its emphasis on auditable AI. In accounting and audit, it is not enough for software to produce an answer. Professionals must be able to understand the supporting information, review the result, and demonstrate how a conclusion was reached. Trullion therefore emphasises traceability, source-document references, review processes, and accounting controls. Its approach is intended to keep professional judgment and human approval involved in important financial workflows.

Trullion also supports collaboration between accounting professionals and auditors. Centralised documentation, shared templates, permissions, and audit logs help teams maintain consistent records and manage reviews. These features are useful for organisations with several finance team members, multiple business entities, or external audit relationships.

For enterprise finance departments, Trullion offers solutions aimed at CFOs, controllers, finance transformation teams, and internal auditors. These teams can use the platform to improve the efficiency of financial reporting, strengthen controls, manage lease portfolios, review revenue information, and automate selected accounting procedures. Audit firms can use its tools to increase the capacity of their teams and organise evidence across client engagements.

Trullion also provides integration options for existing accounting and enterprise systems. Its native NetSuite integration can transfer journal entries directly into NetSuite. For other systems, users can export journal entries through formats such as Excel and CSV, with mapping options to support the transfer of information into their accounting environment. This approach allows organisations to incorporate Trullion into existing financial processes without necessarily replacing their entire ERP system.

Security and accountability are important considerations for a platform that handles sensitive financial and contractual information. Trullion highlights enterprise security, permissions, controlled workflows, and traceability as part of its product approach. Organisations should still evaluate its security documentation, data handling arrangements, and contractual terms before implementation.

Overall, Trullion is designed for organisations that need more than basic bookkeeping software. Its strongest applications are complex lease accounting, revenue assurance, audit evidence management, financial statement validation, and accounting workflow automation. By combining AI document processing with accounting standards and auditable workflows, it aims to help finance and audit professionals reduce manual work while maintaining control over financial decisions. It is particularly suitable for larger businesses, accounting firms, and organisations with substantial reporting, compliance, and audit requirements.