innovation insights: how trullion is trying to revolutionize rev. rec. and lease accounting.
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innovation insights
with donny shimamoto
center for accounting transformation
accounting, along with legal, pioneered technology that continues to grow and allows automation of mundane tasks. isaac heller, the co-founder and ceo of trullion, discusses with donny shimamoto how ai uses optical character recognition (ocr) and natural language procession (nlp) to read documents like pdfs and excel, and extracts relevant data, like lease dates, into databases, where they can be used for computations or searching.
more on trullion: trullion lands $15 million in series a | trullion: new a.i. startup targets rev rec, lease accounting
more on lease accounting: lease accounting hits hard | lease accounting is about to get very real
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heller and shimamoto discuss the origins of professional technology, sharing how accounting was the perfect breeding ground for database software. “when you think of oracle and sap and intuit going way back, these were really the pioneers of database software,” heller says. “it’s as simple as that, you know, the general ledger and the accounts payable and accounts receivable framework fits really, really well in a software model. so, there was kind of this jump out of the gate where we were able to do so much in accounting.”
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