Trullion, formerly known as SMRT, a Tel Aviv, Israel- and New York-based financial workflow automation platform, raised a seed funding round of undisclosed amount.
The round was co-led by Greycroft and Aleph with participation from Verissimo Ventures and industry leaders like Bob Mylod, Artie Minson, Jody Padar and Zac Bookman.
The company intends to use the funds to invest in talent and new financial workflows.
Led by Isaac Heller, Co-Founder and CEO, Trullion provides a financial workflow automation platform that takes unstructured data such as PDFs and translates them into real-time financial reports, including Lease Accounting and Revenue Recognition.
The system translates vast data sets from PDF contracts, Excel and other sources into a single system for accounting teams. The platform creates real-time visibility into company financials by using AI to review items such as leases and revenue agreements and translating them into a live data image, with complete transparency to the source data. Through automated data entry, the company prevents costly errors, saves time, and streamlines the often complicated process required of accounting stakeholders.