Truewind

Truewind introduces a revolutionary approach to accounting by providing a digital staff accountant powered by artificial intelligence. This platform is engineered to augment accounting teams, not replace them, by taking over repetitive, time-consuming tasks. It works 24/7, ensuring that your accounting processes are always moving forward without delays. Truewind is trusted by over 500 accounting firms and startups, helping them unlock new levels of productivity and gain deeper financial insights.

The platform is designed for a diverse range of clients, including accounting firms looking to increase capacity, enterprises aiming to streamline their month-end close, and startups or SMBs needing end-to-end accounting, tax, and CFO services. By integrating AI into financial operations, Truewind transforms accountants from doers into reviewers and strategic advisors.

How to use Truewind

Getting started with Truewind is a straightforward, three-step process designed for a smarter and faster close:

1. Integrate Your Data: Connect live data from your general ledger (like QuickBooks Online, NetSuite, Sage Intacct, Xero) and supporting workpapers. This ensures that your financial data is always up-to-date and accurate within the Truewind platform.
2. Classification & Reconciliation: Let the AI take over. Truewind automates transaction classification, assigning transactions to the correct account, class, and dimension. It also handles supporting document collection, client follow-up, and reconciles your subledger accounts.
3. Insights & Analytics: Leverage the power of AI to generate analytics on auto-pilot. Truewind provides a new level of insights for your clients and business partners, including auto-prepared flux analysis with AI-generated explanations for variations.

Core Features of Truewind

• AI-powered Digital Accountant: An AI assistant that executes the month-end close, identifies anomalies, and provides unique insights into your financials.
• Smart Workpaper Automation: Manages prepaid expenses, fixed assets, and other workpapers with AI, moving beyond static spreadsheets. The digital accountant prepares workpapers and manages subledgers automatically.
• Bank & Credit Card Categorization: AI automatically categorizes bank and credit card transactions with high accuracy, saving significant time.
• Deposit Reconciliation: Automatically matches bank deposits to customer payments, eliminating hours of manual reconciliation each month.
• Fixed Asset Management: Effortlessly tracks fixed assets and automates depreciation entries to stay GAAP-compliant.
• Prepaid Expense Amortization: Tracks and amortizes prepaid expenses automatically, preventing missed adjustments.
• Flux Analysis: Provides auto-prepared flux reports that allow you to drill down to the vendor level for every variation, complete with one-click reporting and AI-generated explanations.
• Seamless Integrations: Connects with all major accounting systems, including QuickBooks Online, NetSuite, Sage Intacct, Xero, and also syncs with Bill.com and Excel workpapers.

Use Cases for Truewind

Truewind is versatile and delivers value across different business types:

• For Accounting Firms: Firms like HHL Advisor use Truewind to cut categorization time by 75%, allowing them to scale their services and absorb more transaction work with predictable capacity.
• For Startups and SMBs: Companies like Mozart Data and Superannotate leverage Truewind for faster, more accurate bookkeeping, enabling them to close their books faster than ever before and focus on strategy instead of being buried in spreadsheets.
• For Enterprises: Large organizations use Truewind's AI-powered close management platform to automate routine tasks, ensuring the monthly close is finished with time to spare. They can also leverage its API solutions to power their own AI applications.

Advantages of Truewind

The primary advantage of Truewind is its ability to deliver material impact on accounting operations. Customers report significantly faster bank categorization, a high percentage of transaction work absorbed by the AI, and a dramatic reduction in reconciliation time. The platform offers predictable capacity planning, is SOC 2 certified for enterprise-grade security, and transforms the role of accountants, empowering them to provide higher-value advisory services.

Pricing and Plans

Truewind offers tailored plans to fit the specific needs of different businesses. The pricing structure is not publicly listed and is provided based on a consultation. The main plans are:

• For Accounting Firms: A plan focused on providing a digital accountant to augment the firm's existing team and systems.
• For Businesses (Startups, SMBs, Enterprises): Solutions range from end-to-end accounting and CFO services for smaller companies to a powerful AI-powered close management platform and API solutions for large enterprises.

To get a detailed quote and a plan designed for your business, you are encouraged to book a demo with their team of CPA and accounting software experts.