Revolutionizing Accounting: Artie Minson on Trullion’s AI Innovations

AI accounting platform Trillion recently reporting record revenue growth and expanding its global client base of more than 3000 companies.

Now Trillion is also hosting a summit on how AI will impact the accounting industry.

Now companies have already started using AI for accounting, and it does help with automated data entry bookkeeping, invoicing, and payment processing.

These companies are using.

Vertical AI, which is expected to grow from a $5 billion market today to a whopping $47 billion by 2030.

Now truly is an agentic AI system introduced earlier this year to automate multi-step accounting workflows and reduce human error.

Now joining me here live at the New York Stock Exchange is Artie Benson, CEO of Truly and Ardy, is also a Former president and also co-CEO of WeWork and former CFO of AOL.

Well, great to have you here.

Thank you so much for joining me.

Thanks for having me.

So I understand that you've been involved with Trulian for over 5 years as an adviser as well as an investor.

So what inspired you to step into the CEO role?

Yeah, no, Isaac Keller, who's the founder of Trullion, and I met about 5 years ago, and you know, I grew up as an accountant.

I'm a CPA.

And Isaac had a vision of what accounting could be in the future and you know, if you think of counting your sort of first day of business school, they tell you it's the language of business, and in that language of business when it gets translated into financial statements, it's sort of the ultimate source of truth and in that source of truth, I grew up in an era where that sort of source of truth was the general ledger.

When you think about the general ledger, it is basically a number of accounting entries that come out of unstructured data.

And there's a knowledge layer that Isaac had a vision of of what could support the general ledger by taking all of that unstructured data and basically abstracting it, organizing it, validating it, and having the ability to analyze it.

And so we at Truly are basically trying to create the knowledge layer, and that knowledge layer will effectively be, you know, an AI tool kit for accountants globally of the next generation that can support all of their workflows whether they work for a company, whether they're an auditor, whether they're an internal auditor.

And so we're excited to announce our conference today.

It will be the end of the month, October 29th, right here in New York City, and it'll bring together, you know, executives from the large accounting firms, internal audit, and the technology companies who are really building this next generation tool set for the office of the CFO.

And Artie, you have held key roles at key companies, major publicly traded companies.

So given the fact that you're also coming from an accounting background, what do you make of the role of agentic AI in accounting?

Yeah, you know, accounting has a lot of manual processes that are associated with it.

And as a result of those manual processes and the sheer magnitude of them, it's where disproportionately people are spending time on, not having the ability to use AI to make those processes much more efficient and therefore you get time freed up to spend time on the analytics, which is really the value added work and so we view this as really, as I said, it's a tool kit and Just as when I was getting out of school, you know, Excel was basically going mainstream.

Every accountant coming out is going to want to use these AI agentic tools that we have built that are deep.

Solutions for our vertical of accounting.

They're not general AI tools.

They are deep vertical solutions, and we think that will be a game changer for the industry to have these sort of deep vertical solutions.

And Artie, finally we have less than 60 seconds here, but I do want to ask you truly it does sort of.

3000 companies globally.

So what's your strategy for scaling the business while also maintaining innovation?

I think there's a couple of areas which we want to do.

We want to continue to add products and customer segments.

So over the last year, one of the things we're most excited about is we're working with a A high percentage of the audit, top 100 audit firms in the world using our tools and things like financial statement validation.

We can work with them on things like disclosure checklists.

So getting deeper with the audit firms in particular is something we're doing.

We're also spending time with everyone from small, medium sized business to Fortune 100 companies, helping them on things from leases, revenue recognition, order to pay.

Take a business process that can use automation and we are truly and will have tools for you.

Used to leverage AI.

OK, Artie, well, thank you so much for joining us here at the New York Stock Exchange and thank you so much for sharing your insights.

My pleasure.