Finance ops · Production

Taboola achieves ASC 842 compliance efficiently and accurately with Trullion, saving 36 workdays per year

The problem

Taboola's finance team managed lease reporting entirely in Excel — a process described by the VP Finance as a 'nightmare' of endless spreadsheets, back-and-forth number reviews, and high error risk that became critical once the company decided to pursue an IPO and needed to comply with ASC 842.

Workflow diagram · grounded in source

Lease paperwork submitted

trigger

“the whole experience from the paperwork that is scanned to the end output”

Contract reading and data extraction

ai_action

“the ability to read the contract and to scan it in a way that a lot of information can be identified and flow into the methodology and the formulas in the system”

Automated lease calculation

ai_action

“The system calculates everything automatically”

Team member and auditor review

human_review

“an additional team member reviewing the work, an auditor reviewing the output”

ASC 842 compliance reporting

output

“Kaneti breaks down the various use cases in which the team is using Trullion into four categories: Reporting on existing contracts, reporting on new contracts, termination of contracts, and integrating contracts of acquired companies.”

Reported outcome

Trullion automated Taboola's ASC 842 lease accounting, saving three full working days per person per quarter and 36 full days of work per year across the team, while giving auditors and finance staff confidence that numbers are accurate and risk is low.

Reported metrics

Working days saved per person per quarterthree full working days

Total workdays saved per year36 full days

Close process reduction36 days

Efficiency improvementsignificant improvement in efficiency

Show all 6 reported metrics

working days saved per person per quarterthree full working days

total workdays saved per year36 full days

close process reduction36 days

efficiency improvementsignificant improvement in efficiency

audit risk levelThe risk is low

time savingssaves a lot of time

Reported stack

TrullionExcel

Source

https://trullion.com/customer-stories/how-taboola-achieved-asc-842-compliance-efficiently-accurately-with-trullion/

Read source ↗

Frequently asked questions

What did this team achieve with this AI workflow?

Trullion automated Taboola's ASC 842 lease accounting, saving three full working days per person per quarter and 36 full days of work per year across the team, while giving auditors and finance staff confidence that n…

What tools did this team use?

Trullion, Excel.

What results were reported?

Working days saved per person per quarter: three full working days; Total workdays saved per year: 36 full days; Close process reduction: 36 days; Efficiency improvement: significant improvement in efficiency (source-reported, not independently verified).

How is this finance ops AI workflow structured?

Lease paperwork submitted → Contract reading and data extraction → Automated lease calculation → Team member and auditor review → ASC 842 compliance reporting.