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Trullion Reviews & Product Details - Page 5

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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Verified User in Food & Beverages
UF
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
(Original )Information
What do you like best about Trullion?

For those looking for a great product to help you manage your lease accounting workflows and reporting, I can recommend Trullion. We have been working on becoming ASC 842 compliant for a few months now and found it to be unrealistic and quite complex to manage our leases on Excel. From the initial demo call to the onboarding and implementation, we have been very happy with the system. We did have a minor issue with one of our reports that was resolved within a matter of hours thanks to the help of the support team. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

At this stage I have no dislikes with Trullion. In 3 months of usage, we have encountered a single error that was resolved in short order. Review collected by and hosted on G2.com.

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

One of the biggest benefits is finding a system that gives us accurate results and peace of mind that we can trust this platform. Review collected by and hosted on G2.com.

Response from Trullion Customer Support of Trullion

Thank you for your feedback!

We are so glad to hear that you have found Trullion accurate and trustworthy and any issues were resolved quickly!

Verified User in Architecture & Planning
UA
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Trullion?

It's super simple to import contracts into Trullion which is my major issue with their competitors. We manage a bunch of existing leases, and migrating onto Trulion was a piece of cake. It's also really easy to onboarding new leases which is great as the post pandemic boom has increased our lease count in a major way. The other major benefit of using Trullion is the audit function. A paper trail is very important, and it's easy to pull up every single attribute. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

The AI could be a little faster. If there are multiple variables it can take a little while to load. This isn't a deal-breaker though, it isn't a constant and can be fixed with a little time. Review collected by and hosted on G2.com.

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

Lease reporting and compliance problems we had with another vendor were solved immediately upon switching to Trullion. PDF leases are such a breeze. Completely automated a good chunk of my investment portfolio. 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 pleased to hear Trullion has made your adoption to ASC 842 so much easier.

Thank you for your feedback about the AI as we are always striving to better the experience and offering for our users.

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

It's very user-friendly. The software has multiple capabilities that are useful for our clients. Additionally, client service has been extremely helpful. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

Due to our limited experience with the software, we have no conclusion on the downsides Review collected by and hosted on G2.com.

Recommendations to others considering Trullion:

N/A Review collected by and hosted on G2.com.

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

We are working with multiple clients regarding the lessee side (deferred rent, etc.) 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 satisfaction with Trullion, and how it has helped you with working with multiple clients on the lessee side.

Verified User in Management Consulting
AM
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Trullion?

The Ai feature makes uploading contracts easy! Review collected by and hosted on G2.com.

What do you dislike about Trullion?

I do not dislike anything at this time... Review collected by and hosted on G2.com.

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

Our clients who are adopting 842 are needing a software to simplify journal entries and create their disclosures. Review collected by and hosted on G2.com.

Response from Trullion Customer Support of Trullion

Thank you for taking the time to review Trullion! We are happy to hear how our platform has made ASC 842 implementation easy.

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

Accessible and well organized software. Gives all needed data for auditors in a very simplified and organized way. Contains organized data that can improve your lease managment. Comfortable excel extraction. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

Would appriciate direct ERP (SAP) upload. Review collected by and hosted on G2.com.

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

Having organized data, no need to search once data is needed (for auditors or for other company needs) all calculation is done automaticle and compliance with IFRS 15 is ansured. Review collected by and hosted on G2.com.

Response from Trullion Customer Support of Trullion

Fer,

Thank you for your feedback and taking the time to review Trullion! We are glad to hear about your experience with the platform and how it has helped organize your company’s data. In regards to your question regarding direct uploads—the system is totally configurable to enable easy upload to multiple ERP systems.

Suzanna F.
SF
Corporate Controller
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Trullion?

Great and coherent product that organizes lease accounting workflows and reporting.

The audit trail is extremely convenient as it saves time and effort for the auditors and the accounting team.

Export data to Excel is available at any stage. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

If you have many variables in your lease, the reporting takes time to process Review collected by and hosted on G2.com.

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

Lease accounting , amortization and control Review collected by and hosted on G2.com.

Response from Trullion Customer Support of Trullion

Dear Suzanna,

Thank you for taking the time to review our platform! We’re happy to hear that Trullion has saved you time in organizing lease accounting workflows. We appreciate your product feedback as we are always striving to improve our platform for our users.

Verified User in Real Estate
AR
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
(Original )Information
What do you like best about Trullion?

Smrt makes uploading leases very easy - we just drag and drop PDF files, and smrt detects most of the contract features automatically. After uploading, we go through the list of detected features and approve them, just to make sure there are no mistakes. In my experience, 95% of the detections were indeed accurate - saving us many, many hours of manual work. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

There really isn't much to dislike. The software is straightforward and works as advertised. Only thing I might mention is, reporting sometimes needs adjustments in order to comply with our internal audit standards. Review collected by and hosted on G2.com.

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

With ASC 842 compliance looming near for private companies, we really needed to get a proper process together. smrt has helped us achieve that. 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 pleased to hear that our software has helped save you hours of manual work complying with ASC 842.

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

Of all the lease accounting softwares I tried, trullion was not only the easiest to use but was also very accurate. Easy onboarding and great customer support. I recommend for anyone looking to automate the lease accounting process Review collected by and hosted on G2.com.

What do you dislike about Trullion?

very happy with the product at this point Review collected by and hosted on G2.com.

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

lease accounting automation and compliance Review collected by and hosted on G2.com.

Response from Trullion Customer Support of Trullion

Thank you so much for your review! We are glad to hear about your satisfaction with the product and the easy onboarding process.

Verified User in Accounting
UA
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Trullion?

- Accurate reporting

- Easy to use interface

- Drag and drop contracts

- Easy data extraction

- Fast results

- High accuracy, lowers risk for errors

- Easily exportable reports

- Amazing support team Review collected by and hosted on G2.com.

What do you dislike about Trullion?

Small issue when uploading heavy contract, support team quickly resolved the issue so no complaints Review collected by and hosted on G2.com.

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

We are using Trullion for compliance and reporting Review collected by and hosted on G2.com.

Response from Trullion Customer Support of Trullion

Thank you for your review. We’re glad to hear that Trullion has been easy to use, helped with producing accurate reports, and that your heavy contract uploading issue was resolved quickly!

Verified User in Oil & Energy
CO
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best about Trullion?

The biggest benefit of smrt is it lets us have all our leases in one centralized place, and analyze them automatically. It's particularly useful for audits because you can go from financial entries directly to the right place in the original contract. smrt meets the regulatory requirements we have to comply with. Review collected by and hosted on G2.com.

What do you dislike about Trullion?

The only difficulty we've encountered is what you might expect from any new software tool - getting onboarded takes a while, especially if you need the entire team on the same page. However, smrt's automatic contract extraction feature made this process much easier than we expected. We just uploaded all our PDF leases and smrt was ready to go. Review collected by and hosted on G2.com.

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

ASC 842 compliance has been delayed for private companies, but we're still happy we took the time to prepare, since we'll have to comply next year anyway. It's good to have all the infrastructure in place. Review collected by and hosted on G2.com.