Finance ops · Production

Anchin modernizes ASC 842 lease accounting workflows with Trullion, achieving time savings and accuracy gains

The problem

Anchin faced rising complexity managing ASC 842 lease accounting across a growing and diverse client base. Manual Excel-based workflows caused version control issues, formula breaks, slow reviews, and a higher likelihood of human error, with complex multi-year contracts magnifying the problem.

First attempt

Excel-based lease schedules produced version control issues, formula errors, and manual misses, making the approach unsustainable as lease complexity and volume increased.

Workflow diagram · grounded in source

Lease data input

trigger

“Clients had the flexibility to input lease information independently or let Anchin's team take the lead.”

AI and OCR key term extraction

ai_action

“Extract key terms using AI and OCR”

Amortization schedule and journal entry generation

output

“Produce fully accurate amortization schedules and journal entries”

Centralize all lease data

integration

“Centralize all lease data”

Audit review with standardized outputs

human_review

“Schedules were standardized and fully traceable, giving teams and reviewers much greater confidence in their results.”

Reported outcome

Trullion delivered a significant reduction in time spent on lease accounting tasks and eliminated version issues, formula errors, and manual misses, while staff enthusiasm for new tools increased dramatically and clients found the transition seamless.

Reported metrics

Time spent on lease accounting tasksSignificant reduction in time spent

Version issues, formula errors, and manual misseseliminated multiple version issues, formula errors, and manual misses

Staff enthusiasm for new toolsincreased dramatically

Tool adoption speedmuch quicker than anticipated

Reported stack

TrullionOCRExcel

Source

https://trullion.com/customer-stories/anchin-modernizes-asc-842-workflows-and-boosts-accuracy/

Read source ↗

Frequently asked questions

What did this team achieve with this AI workflow?

Trullion delivered a significant reduction in time spent on lease accounting tasks and eliminated version issues, formula errors, and manual misses, while staff enthusiasm for new tools increased dramatically and clie…

What tools did this team use?

Trullion, OCR, Excel.

What results were reported?

Time spent on lease accounting tasks: Significant reduction in time spent; Version issues, formula errors, and manual misses: eliminated multiple version issues, formula errors, and manual misses; Staff enthusiasm for new tools: increased dramatically; Tool adoption speed: much quicker than anticipated (source-reported, not independently verified).

What failed first in this deployment?