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Trullion Reviews & Product Details

Trullion Overview

What is Trullion?

Manual data entry, spreadsheets, and PDFs cost accounting teams valuable time and put them at risk for critical errors. Using AI, The Trullion Platform ensures accuracy and transparency in the automation and streamlining of lease accounting and revenue recognition workflows, eliminating manual errors and speeding up compliance. Leveraging tried and trusted technology, Leases by Trullion is quick to deploy and just as fast to feel at home with, as you focus on what matters most. Connect structured and unstructured data together in one platform by extracting and tagging key data from lease contracts - no matter the format. Add any number of PDF or Excel files with one click and modify lease data at scale, without added work for your team. Trullion keeps you in step with the latest regulatory updates so that you can go to audit with clarity and confidence. With Trullion you can: Upload any number of lease contracts with one click Modify lease data at scale and keep up with the pace of changes Produce accurate lease reports and audit-ready outputs Collaborate in one platform to build transparency Automatically calculate foreign exchange rates in realtime Break down silos and create a 360° view of your financial data. Give auditors permissions-based access to your Journal Entries and Disclosure Reports, and let them trace data right back to the source.

Trullion Details
Product Website
Languages Supported
English
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Product Description

AI technology for the Accounting world. The Trullion platform extracts PDF contracts and converts them into GAAP & IFRS compliant reports - instantly. This includes Lease Contracts, Vendors, Revenue Recognition and more. Our software helps CFOs & Accounting Firms address emerging standards such as ASC 606 (Revenue Recognition), ASC 842, IFRS 16 & GASB 87 (Lease Accounting) and more. We are the only technology solution in the world that can read contracts and produce 100% compliant journal entries & disclosures. Backed by leaded CFOs & CAOs with SOC 1 & 2 audits from Big 4 firms.


Seller Details
Seller
Trullion
Company Website
Year Founded
2020
HQ Location
New York, NY
Twitter
@Trullion
147 Twitter followers
LinkedIn® Page
www.linkedin.com
100 employees on LinkedIn®
Description

Trullion is a software vendor that specializes in automating and streamlining the accounting and financial reporting processes for businesses. Their platform integrates lease accounting, revenue recognition, and financial reporting within a single solution, helping organizations comply with accounting standards while improving accuracy and efficiency. Trullion leverages advanced technology to simplify complex financial tasks, making it easier for teams to manage their financial obligations and reporting requirements. For more information, visit their website at https://www.trullion.com/.


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Overview Provided by:

Recent Trullion Reviews

Frank Y.
FY
Frank Y.Mid-Market (51-1000 emp.)
4.0 out of 5
"Seamless"
Get the work donde seamlessly, the platform is easy to use
Verified User
A
Verified UserMid-Market (51-1000 emp.)
4.0 out of 5
"Trullion reduced the headache of manually managing all of our leases."
Trullion has an easy to use interface with a helpful and friendly implementation team. Trullion has streamlined monthly lease journal entries for o...
ID
Ilyad D.Enterprise (> 1000 emp.)
5.0 out of 5
"Great tool for lease accounting"
Great intuitive tool which streamlines the lease accounting process , saves time and prevents errors. Implementation went well with the assitance o...
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Trullion Media

Trullion Demo - Contract Upload
Add any number of PDF or Excel lease contracts with one click. Let Trullion take care of the rest.
Trullion Demo - Data Extraction
Leverage AI to extract key data from source documents—names, dates, payments, and more.
Trullion Demo - Audit Trail
Verify and track changes for internal and external stakeholders.
Trullion Demo - Modification Detection
Modify lease data at scale without added work for your team. Keep up with the pace of changing payments, contract terms, and more.
Trullion Demo - Audit-Ready Outputs
Generate 100% auditable Journal Entries and Disclosure Reports. Your source data will always be just a click away.
Play Trullion Video
Play Trullion Video

Official Downloads

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57 Trullion Reviews

4.7 out of 5
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57 Trullion Reviews
4.7 out of 5
57 Trullion Reviews
4.7 out of 5

Trullion Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for TrullionQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
LR
Consultant
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Trullion?

I really like how easy it is to make changes to leases and perform lease modifications. It's also such a seamless implementation. The knowledge base has significantly improved over time and the customer support team is always extremely quick to respond, and you get their response via email so you don't miss it. The Trullion support team always relays painpoints or process improvement opportunities to their software development team, and I have seen many of our suggestions actually come to fruition. Their reports are great for month-end close entries related to ASC 842 and disclosures required for financial reporting purposes. Overall my experience with Trullion has been pleasant. As an ASC 842 expert at a consulting firm, I have experience using many different lease softwares, and this software is SO much easier to use than many of their competitors, it is by-far my favorite lease software I've used. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

Trullion can be a little slower when it comes to running reports that include upwards of 1,000 leases. Also as far as I know, there isn't a way to duplicate a lease, which would be a helpful feature when dealing with leases of similar nature. That said, the customer support and development teams are very receptive to feedback and I would assume these will be improved at some point. Review collected by and hosted on G2.com.

What problems is Trullion solving and how is that benefiting you?

Trullion is helping with the ease of implementing ASC 842 and accounting for this going forward. It is very helpful, especially for companies that have many leases with frequent modifications. Review collected by and hosted on G2.com.

Verified User in Alternative Medicine
AA
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Trullion?

Trullion has an easy to use interface with a helpful and friendly implementation team. Trullion has streamlined monthly lease journal entries for our business, and provided an easy way to review our lease documents and financial statement impact. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

There is a lack of functionality regarding prorated lease payments. Trullion will not calculate prorated payments into your schedule. You will need to manually change any payments that are for a partial month for example.

AI functionality of extracting key information is not very impressive. It often pulls dates from other parts of the document. Trullion does make it easy to override and highlight the correct date based on your own judgement. Review collected by and hosted on G2.com.

What problems is Trullion solving and how is that benefiting you?

Trullion keeps track of all our leases in one place, and streamlines the journal entry process. This saves time coming from manually creating each lease schedule in Excel and making individual journal entries. Cuts down on work to set up new leases and reduces the work during our month end close. Review collected by and hosted on G2.com.

PA
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Trullion?

Trullion allows for a quick implementation and our clients are typically looking for a quick and painless implementation and maintenance. The UI is clean and easy for any new user to navigate. Also, Trullion has always had great customer support and responds to tickets/questions quickly! Review collected by and hosted on G2.com.

What do you dislike about Trullion?

Trullion has unnessecary journal entry "baggage" for the revaluation of the liability and there is no current way to turn this off and produce a summarized entry instead. Also, there could be improvement to some of the reporting features and ability to visualize data differently than the set reports. Review collected by and hosted on G2.com.

What problems is Trullion solving and how is that benefiting you?

Trullion quickens the cycle from lease input to lease reporting. It takes Trullion a fraction of the time to input a new lease when compared to other software providers. Review collected by and hosted on G2.com.

Frank Y.
FY
Nbp
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Trullion?

Get the work donde seamlessly, the platform is easy to use Review collected by and hosted on G2.com.

What do you dislike about Trullion?

A bit difficult to understand, could improve the interface Review collected by and hosted on G2.com.

What problems is Trullion solving and how is that benefiting you?

Makes easier the process Review collected by and hosted on G2.com.

Verified User in Non-Profit Organization Management
UN
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Trullion?

In terms of the program interface, it is incredibly intuitive and easy to use. When I was first assigned the duty of tracking our leases in this database, I looked to the knowledge base on their website and watched some past webinars in which they were giving training on the program. After just one watch I felt confident enough to conquer the task and was able to do just that. Sara Friedman has been our point of contact and after meeting with her this morning I'd say the staff is just as great as the program. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

I've been using Trullion since roughly January of 2023, and can say that there is not a whole lot that I don't like about the program. The only issue that I have personally ran into is the AI not acknowleding certain phrases or terms in their entirety. For example, one most contracts, we are the lessee as Turning Point of Central California, Inc. - however the AI only ever picks up "Central California, Inc." as the lessee. Review collected by and hosted on G2.com.

What problems is Trullion solving and how is that benefiting you?

As a nonprofit organization it is more than vital that we track all of our assets to the tee, and even moreso important that we track our leased assets and the financial obligations that come with them. We use Trullion as a one stop shop to track all of our leased assets from cars, to buildings, to copier machines. What would normally be a full time job for an accountant just takes a few hours out of my day - so this saves us large sums of time and cashflow Review collected by and hosted on G2.com.

Verified User in Electrical/Electronic Manufacturing
AE
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about Trullion?

It is lighting fast to setup and environment and have it configured to produce the accounting. The user interface is the best in class since it's been designed using the most modern technology with the end-user experience in mind. The customer support is comprehensive and in my experience they are very responsive and client-centric. Final note is the use of OCR to read the contracts and abstract the data removes a cumbersome step in the abstraction process which increases accuracy and decreases the time it takes to gather data. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

For adoption and ongoing compliance there is nothing about this system I would change. Review collected by and hosted on G2.com.

What problems is Trullion solving and how is that benefiting you?

Trullion has taken advantage of modern technology to make accounting for leases easier and more digestible for the market. It's use of OCR reduces time to abstract and errors that are inherent with most methodologies which makes this a best in class product in my opinion. Review collected by and hosted on G2.com.

ID
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Trullion?

Great intuitive tool which streamlines the lease accounting process , saves time and prevents errors. Implementation went well with the assitance of the gerat Trullion team. Highly recomended!! Review collected by and hosted on G2.com.

What do you dislike about Trullion?

AI lack support for Hebrew contracts and data pulling from other foriegn langauge contracts not always accurate. Review collected by and hosted on G2.com.

What problems is Trullion solving and how is that benefiting you?

Preventing calcaution errors arising from manual work.

Saves time rolling forward manual working paers.

Helps with analaysis. Review collected by and hosted on G2.com.

LP
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about Trullion?

The system has excellent lease management, even preparing accounting entries. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

Include operational leasing management as well, so we can manage all of the company's leases. Review collected by and hosted on G2.com.

What problems is Trullion solving and how is that benefiting you?

Management of lease contracts, such as deadline alerts, etc. Ensure that financial numbers are correct in accounting Review collected by and hosted on G2.com.

Will G.
WG
Chief Financial Officer
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Trullion?

Implementation was quick and easy with little need for IT involvement. OCR and AI has improved over time and made the process of uploading new leases seamless. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

One of the challenges related to appointment scheduling since all of the people I worked with were located in Israel. The time differences meant one of us needed to work either extra early or late. Review collected by and hosted on G2.com.

What problems is Trullion solving and how is that benefiting you?

Compliance with new accounting standard regarding lease classification. There are complicated accounting calculations needed and we have nearly 200 leases that need to be accounted for. Review collected by and hosted on G2.com.

AR
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Trullion?

That i can enter the basic information for a lease and Trullion does the rest of the work for me. This includes reading the contract to out all the payments, dates, and other basic information in they system for me. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

Sometimes there is issues with the way the contract is read and isn't fully accurate so i still have to review all the input information that Trullion guesses and sometimes i have to correct it. Review collected by and hosted on G2.com.

What problems is Trullion solving and how is that benefiting you?

It is helpig with all the journal entries it automatically creates for me and my business. It save me time and help with efficiency when it comes to our month end reconciliations. Review collected by and hosted on G2.com.