Question: Is there an AI-powered solution that can help me accurately report revenue and maintain compliance with ASC 606 and IFRS 15?

If you need an AI-based answer to the problem of accurately reporting revenue and staying on the right side of ASC 606 and IFRS 15, Trullion could be the answer to your prayers. The AI-based accounting software automates and simplifies financial processes, ensuring compliance with accounting standards like lease accounting, revenue recognition and audits. It's got sophisticated data-handling abilities and GenAI technology for more complex tasks, better accuracy and regulatory compliance. With automated financial oversight and smart analytics, Trullion can free up hours of your time and save you money while boosting productivity.

Another contender is Datarails, a financial planning and analysis (FP&A) tool that automates data consolidation, financial reporting and budgeting. It integrates with common accounting software and ERPs. The tool offers AI-based insights and automated financial reporting so finance people can focus on higher-level strategic insights and business decisions. It can free up 2-5 working days a month, so it's a good tool for keeping on the right side of regulators and providing accurate financial reports.

If you want to automate more of your financial operations, HighRadius has an autonomous finance platform that uses AI to automate productivity in a range of financial operations, including Order-to-Cash, Treasury and Record-to-Report. The platform automates collections management, cash application and financial close management, among other tasks. It can integrate with multiple ERPs and third-party systems, freeing up cash and shortening Days Sales Outstanding (DSO).

If you want to speed up your financial analysis workflows, Finpilot could be helpful. It uses AI for fast data analysis, answering specific questions with precise results and visualizing trends. By automating data collection and analysis, Finpilot lets financial analysts spend more time on higher-level work and provide faster, more accurate financial insights. That can help you stay on the right side of regulators and provide accurate financial reports.