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Trullion Reviews & Product Details - Page 4

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
148 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.
Verified User in Health, Wellness and Fitness
AH
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Trullion?

Ease of use and the intuitive structure of the UI. The creation of contracts is very straightforward and made easy by the AI of reading contracts. Reporting is straightforward and intuitive. Remeasurements are easy to execute and manage. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

Would love better ad hoc reporting. The ability to manage the order of default and custom fields in the UI. Would like the ability to "close" a period in the system. Review collected by and hosted on G2.com.

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

Trullion was pivotal in our transition to ASC 842 in a structured and organized manner. By utilizing Trullion, we were able to transition in 2 months and succesfully transition. Review collected by and hosted on G2.com.

BG
Accounting Supervisor
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Trullion?

The software is extremely user-friendly. Also, I can upload support and documents for each lease so the auditors can review them. This saves a lot of time providing support at the time of audit. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

The software sometimes goes under frequent updates and has found a couple of discrepancies in the reporting numbers. We rely heavily on the report as we assume the software is accurate when reporting data. Review collected by and hosted on G2.com.

Recommendations to others considering Trullion:

With FloWorks having a 4 4 5 Calendar, we don't always use the full standard month to close out accounting books. With reporting, I would like to have not only the months but also the dates when running reports so the accuracy is there. Review collected by and hosted on G2.com.

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

Reporting accurate numbers. Whenever I find a descrepancie, I reach out to Trillion and they respond quickly and deploy a fix. I appreciate even with the time zone difference, they still get it resolved. Review collected by and hosted on G2.com.

Response from Trullion Customer Support of Trullion

Dear Britney,

Thank you for your feedback!

We are glad to hear you are enjoying Trullion, it’s saving you time, and that the discrepancies you found were resolved quickly!

Verified User in Hospital & Health Care
UH
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Trullion?

Automated calculation for our books (reports that can automatically create our JE based on our accounting system setup. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

When doing an override or modification to multiple contracts, it would be nice to add columns on the actual upload file for the type of change (modify or override) and necessary modification date column for efficiency purposes. Review collected by and hosted on G2.com.

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

Trullion helped eliminate our very manual excel spreadsheet of our lease agreement master list. Review collected by and hosted on G2.com.

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

The ease of use and the extremely helpful implementation team at Trullion made this dreaded task very easy. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

While the software is very intuitive and the staff very helpful, it is a bit expensive. Review collected by and hosted on G2.com.

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

Trullion solved the obvious problem of implementing the new lease accounting standard. Review collected by and hosted on G2.com.

Verified User in Accounting
CA
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best about Trullion?

Great team that will jump to make sure needs are met. Very collaborative in all aspects. Smart team growing quickly -- love working with the Trullion folks and the platform is well-liked by the clients we've introduced them to. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

Continuing to scale as a Company -- but not seeing any downsides to that thus far from the PS partner perspective. No hiccups to date. Review collected by and hosted on G2.com.

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

Solid ASC 842 Lease Compliance platform that takes the work out of spreadsheets and into a SOC audited platform. Highly recommend for operational ease and comfort over calculations. Review collected by and hosted on G2.com.

Verified User in Accounting
UA
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Trullion?

I like how easy it is to export different types of reports and how I can print reports under different accounting standards without changing the inputs. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

At times I find it difficult to move around different features without losing work as I need to make an effort to save everything before making a quick policy change and it is easy to forget and it will not save. Review collected by and hosted on G2.com.

Recommendations to others considering Trullion:

Understand your needs for the lease software and communicate them. Review collected by and hosted on G2.com.

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

We are using Trullion to assist in our client's adoptions of ASC 842. This tool as made it more efficient to calculate balance sheet items and the corresponding journal entries without worrying about potential calculation errors. Review collected by and hosted on G2.com.

Response from Trullion Customer Support of Trullion

Thank you for taking the time to review our product!

We are glad to hear Trullion has made the adoption of ASC 842 easier and more efficient for you.

Verified User in Accounting
UA
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Trullion?

Trullion is very intuitive, with great support of the team: Inbar, Sara and Tomer Review collected by and hosted on G2.com.

What do you dislike about Trullion?

It doesn't cover all scenarios (modification of operating to finance lease), the filter option should be more friendly, can not be managed on the entity level Review collected by and hosted on G2.com.

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

Less manual work, all calculations are done automatically, less human errors Review collected by and hosted on G2.com.

TC
CPA
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Trullion?

Our company has recently been struggling with ASC 842 compliance due to the sheer size of our business. Lots of pressure from top management came down on my head, and as we were starting from close to scratch, I was faced with an unrealistic timeline to implement. I was recommended Trullion by a friend, and I can confidently say we owe our ASC 842 compliance wholeheartedly to Trullion. Everything from onboarding to implemetation has been a breeze, and I can recommend them to any other business looking for ASC 842 compliance assistance. Additionally, I think that their audit trail is the best that I have seen. Pinpointing changes is seamless. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

If you have contracts in a language that is not English, you may have issues as I believe the OCR only supports the English language. I think this can be bypassed if you translate the leases to English, but that takes some time. Review collected by and hosted on G2.com.

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

ASC 842 compliance is made much easier with Trullion. They have saved our business well over 100 hours, which more than covers the cost of implementation. We also produce far fewer errors with Trullion than with our previous lease management solution, which is a continuous-time saver. Review collected by and hosted on G2.com.

Response from Trullion Customer Support of Trullion

Dear Tompson,

Thank you for your valuable feedback!

We are thrilled to hear you are enjoying Trullion and that it has enabled your adoption of ASC 842 to be so efficient and accurate.

Verified User in Consumer Goods
CC
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Trullion?

The onboarding for Trullion takes less than a week. It's also fairly intuitive and within a couple of hours you are able to get the hang of the functionality. The other feature I did not see in any other lease software was the ability to dive into the disclosure formulas. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

Nothing so far. The item I am looking forward to most, however is the ability to mass upload leases at once via the excel upload template. That will be most helpful for equipment. I believe this feature is in production. Review collected by and hosted on G2.com.

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

Lease accounting reporting. I wasted so much time trying to account for leases under the new standard in excel. it's cutout 95% of the time it used to take me to get through month-end and year-end close. Review collected by and hosted on G2.com.

Response from Trullion Customer Support of Trullion

Thank you for your review!

We are glad to hear about your experience, and the quick onboarding process you had with our team. The platform now supports the ability to mass-upload leases via the Excel template—we hope this feature has been helpful!

Amy T.
AT
Controller
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Trullion?

Helpful staff, intuitive technology and flexibility to change based on needs. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

Nothing! It is amazing to use. The software is great. Review collected by and hosted on G2.com.

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

Ease of use. Great reporting and easy ability to make changes. Review collected by and hosted on G2.com.

Response from Trullion Customer Support of Trullion

Amy—thank you for your review! We’re glad to hear you’re enjoying Trullion and that the software has made the lease accounting standard adoption process seamless.