With one-third of accountants reporting frequent financial errors due to capacity constraints, Trullion offers a streamlined solution

NEW YORK: Trullion, a leader in AI-powered accounting and audit technology, today announced its Audit Suite, a cloud-based platform designed to leverage AI to enhance accuracy and reduce human error in audits. This solution addresses rising financial reporting complexities and growing workloads for accountants, as new data shows that 59% of accountants are making multiple errors each month, according to a 2024 Gartner report. With Audit Suite, Trullion enables audit teams to work within an AI-driven ecosystem that improves collaboration, mitigates errors, and enhances overall audit quality.

AI-Powered; Auditor Controlled

As the audit industry evolves, so does the need for advanced tools that can keep pace with increasingly complex financial environments. Trullion’s Audit Suite addresses these challenges head-on by integrating AI-powered automation with a user-friendly platform, making it the go-to solution for forward-thinking audit teams.

“At Trullion, we recognize that the new audit ecosystem demands more than just basic tools—it requires intelligent tools that can adapt to the ever-changing landscape of financial reporting,” says Isaac Heller, CEO of Trullion. “Our Audit Suite is designed to meet these demands and put audit teams in the driver's seat so they can see results fast.”

Early adopters of the Audit Suite have already seen significant benefits. Tricia Katebini, CPA, Partner at GRF CPAs & Advisors, reported a time savings of 40% using Trullion’s Data Match module.

Streamlining the Audit Process with AI

Trullion’s Audit Suite allows auditors to centralize and streamline their process. By leveraging AI, the solution reduces the time spent on manual data entry and document review, allowing them to focus on higher-value tasks such as strategic analysis and decision-making. In addition to more efficiency, auditors and practitioners can simplify collaboration across engagements by effortlessly sharing and saving templates, creating user groups with customized access to client data, and tagging colleagues in real-time for seamless teamwork.

Key modules of the suite include:

• Data Match: AI-driven matching procedures automate vouching and tracing efforts, streamlining the test of details process among other use cases such as transaction vouching, accounts payable matching, inventory reconciliation, and internal audits.
• Financial Statement Validation: Automated review processes ensure accuracy and consistency across financial documents and against prior year reports.
• Data Extract: Effortlessly extracts and converts data from various formats into Excel-ready files, instantly. Apart from text and tables, users can build templates to extract custom fields from multiple heterogeneous documents in seconds. Setting Trullion apart is its use of LLMs and custom prompting to iteratively improve upon the accuracy of results.
• Trulli, GenAI-powered Chabot: Users engage in targeted Q&A or dialogue with “Trulli” to obtain precise insights and conduct research, powered by AI.

Building a Cloud-Based Audit Tech Stack

With on-premise solutions failing to provide the agility that audit firms now need, many are turning to alternative software options.

Trullion is partnering with other leading technology vendors such as Caseware, Inflo, Suralink, and Validis to create a more connected ecosystem and help bridge the data capabilities gap that audit firms are urgently seeking to address. By providing innovative solutions that enhance data automation, real-time collaboration, and audit accuracy, these vendors are empowering firms to stay competitive in an evolving landscape and meet the growing demands of their clients.

Learn more about Trullion Audit Suite.

About Trullion

Trullion is an AI-powered accounting platform that automates financial workflows for finance teams, accountants, and auditors, enhancing efficiency, accuracy and collaboration. Founded in 2019 and headquartered in New York, with offices in Tel Aviv and London, Trullion is backed by Aleph, Third Point Ventures, Greycroft, StepStone Group, and leading global CFOs. Visit www.trullion.com to learn more.

Fonte: Business Wire