Trullion Announces Integration of LeaseSCRE -an AI-Powered IBR Calculator by Alvarez & Marsal – for Accelerated ASC 842 Adoption

AI-Based Accounting Platform Further Accelerates Lease Accounting Process Providing A&M’s Predictive incremental Borrowing Rate Calculator Embedded In End-to-End SaaS Workflow

Trullion, the leading AI-powered accounting platform, announced the new integration of Alvarez & Marsal’s automated incremental borrowing rate estimator LeaseSCRE into their accounting platform. The integration further enhances and already robust platform of automated lease accounting solutions, enabling accountants to estimate borrowing rates in moments.

AI and ML News: Why SMBs Shouldn’t Be Afraid of Artificial Intelligence (AI)

Prior to LeaseSCRE, calculating the borrowing rate was a manual and tedious process that took days and possibly weeks, depending on the complexity of the company. The Alvarez & Marsal valuation team developed LeaseSCRE using machine-learning algorithms to estimate a company’s incremental borrowing rate to be used in lease accounting calculations.

“Companies have deployed significant resources to classify and organize their lease portfolios. Despite all the resources spent on the accounting, companies still require the incremental borrowing rate to determine the present value of lease liabilities. LeaseSCRE generates an estimated credit rating using a machine learning based model that processes basic company and sector financial data and returns a rating-based IBR curve,” says Chandu Chilakapati, a Managing Director of A&M’s Valuation practice. “Now with an integration into Trullion’s lease accounting module, financial leaders can experience their ongoing ASC 842 compliance process with a new level of efficiency”.

Top Artificial Intelligence Insights: Determining the Potential of Your AI Algorithm Starts with Measurement

This is the first time that LeaseSCRE has been integrated into an accounting software package to provide an end-to-end solution for companies looking to rapidly adopt ASC 842.

“Trullion is a single source of truth for accounting teams, creating efficiency and transparency so that our customers can easily comply with the new industry standards,” says Isaac Heller, CEO at Trullion. “The integration with LeaseSCRE provides an automated option for one of the most difficult aspects of adopting ASC 842: determining your IBR rate. As we look towards the future, it also demonstrates that modern financial tools can operate as an open ecosystem where software & services providers can provide end-to-end automation for CFOs & financial stakeholders.”

Read More About AI News : AI Innovation Supports Rural and Remote Internet Connectivity

[To share your insights with us, please write to sghosh@martechseries.com]