LeaseCrunch
LeaseCrunch is a cloud-based lease accounting software designed to help CPA firms and enterprises automate complex calculations and ensure compliance with ASC 842, GASB 87, and IFRS 16 standards.
Trullion
Trullion is an AI-powered accounting platform that automates financial workflows by connecting corporate data like leases and revenue contracts directly to the general ledger for simplified compliance.
Quick Comparison
| Feature | LeaseCrunch | Trullion |
|---|---|---|
| Website | leasecrunch.com | trullion.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2016 | 2019 |
| Headquarters | Milwaukee, USA | New York, USA |
Overview
LeaseCrunch
LeaseCrunch simplifies the complex world of lease accounting by automating the transition to new standards like ASC 842 and GASB 87. You can manage your entire lease portfolio in a secure, cloud-based environment that handles everything from initial data entry to final financial reporting. The platform is built by former standard-setters and auditors, ensuring that your calculations are accurate and audit-ready from day one.
You can significantly reduce the time spent on manual spreadsheets and decrease the risk of human error. Whether you are an accounting firm managing hundreds of clients or a private company with a growing lease portfolio, the software provides the tools you need to generate journal entries and disclosure reports in minutes. It focuses on a streamlined wizard-based interface that guides you through every step of the compliance process.
Trullion
Trullion is an AI-driven accounting platform designed to simplify complex financial workflows and ensure your organization stays compliant with global standards. Instead of manually entering data from PDFs and Excel sheets, you can use the platform’s computer vision to automatically extract critical information from leases and revenue contracts. This creates a direct, traceable link from your source documents to the final financial entries, reducing the risk of human error during audits.
You can manage your entire lease portfolio under ASC 842 or IFRS 16 standards and automate revenue recognition processes with ease. The software is built for mid-market and enterprise finance teams who need to accelerate their month-end close while maintaining a bulletproof audit trail. By centralizing your financial data, you gain real-time visibility into your liabilities and revenue streams without the typical manual overhead.
Overview
LeaseCrunch Features
- Automated Calculations Generate accurate amortization schedules and journal entries instantly without performing manual math or building complex formulas.
- Wizard-Based Input Follow a simple step-by-step interface that guides you through data entry to ensure you never miss a required field.
- Audit-Ready Exports Export comprehensive disclosure reports and journal entries directly to Excel or your ERP system to satisfy auditor requirements.
- Policy Election Templates Set up your accounting policies once and apply them across your entire portfolio to maintain consistency and save time.
- Revision Tracking Manage lease modifications, renewals, and terminations easily with a system that automatically recalculates the impact on your books.
- Multi-Standard Support Switch between ASC 842, GASB 87, GASB 96, and IFRS 16 standards within a single platform to meet diverse reporting needs.
Trullion Features
- AI Data Extraction. Upload your lease or revenue contracts and let the AI automatically extract key dates, amounts, and clauses for your records.
- ASC 842 & IFRS 16 Compliance. Generate compliant disclosure reports and journal entries automatically to meet the latest global lease accounting standards.
- Audit-Ready Trail. Click any value in your financial reports to see the exact source text in the original contract for total transparency.
- Revenue Recognition. Automate your ASC 606 workflows by linking CRM data and contracts to ensure accurate and timely revenue reporting.
- Automated Journal Entries. Sync your accounting schedules directly with your ERP to eliminate manual posting and reduce month-end closing time.
- Centralized Document Library. Store all your financial contracts in one searchable location to keep your entire finance team aligned and organized.
Pricing Comparison
LeaseCrunch Pricing
Trullion Pricing
Pros & Cons
LeaseCrunch
Pros
- Extremely fast setup compared to legacy enterprise tools
- Intuitive interface requires very little specialized training
- Excellent customer support from accounting experts
- Simplifies complex GASB and ASC transitions effectively
Cons
- Pricing can be high for very small portfolios
- Limited bulk upload capabilities for certain data types
- No public self-service sign-up for immediate access
Trullion
Pros
- AI extraction significantly reduces manual data entry time
- Direct links between reports and source documents simplify audits
- User interface is modern and more intuitive than legacy tools
- Excellent customer support during the initial implementation phase
Cons
- Initial AI extraction may require manual verification for accuracy
- Pricing is not transparent and requires a sales call
- Learning curve exists for setting up complex revenue workflows