Two new modules, Revenue by Trullion and Audit by Trullion, are now available for early adopter businesses and corporations through Trullion, the top accounting automation platform. The launch follows the lease accounting module from Trullion, the only AI-powered tool for ASC 842 and IFRS 16 compliance, which has seen significant acceptance.
By integrating CRM, billing, and contract data into a single platform for internal and external stakeholders, Revenue by Trullion offers a novel solution to hasten the adoption of ASC 606 and IFRS 15. The workflow uses AI to provide enhanced reporting, Disclosure Reports, and ERP entries. The module is presently available for use by businesses utilising Netsuite ERP and Salesforce CRM in a few specific industries, including the software industry.
Within its larger portfolio of audit automation solutions already available on the market, Audit by Trullion has added a new process to speed up the test of details. With the aid of AI, Trullion’s Test of Details functionality enables auditors to immediately evaluate ERP/General Ledger (GL) files against their source data, such as invoices, PDFs, and other client sources.
“With the present advancements in AI and automation, the accounting industry will have a wealth of potential for innovation in 2023. The 300+ businesses and corporations that joined Trullion last year were searching for an accounting technology partner, not only lease accounting “explained Trullion CEO Isaac Heller. We’re eager to get Revenue by Trullion into the hands of our early CFO and controller adopters while also giving our audit clients a useful new test of details workflow.

Source: Prnewswire