Truewind serves as a digital staff accountant, utilizing AI to perform essential accounting functions. The platform automates data categorization, collects supporting documentation, and follows up on outstanding items, thereby streamlining the month-end close process.
This automation leads to faster bank categorization, with users experiencing a 65% increase in speed, and absorbs 49% of transaction work, making capacity planning more predictable.
Beyond task automation, Truewind offers smart workpaper management and standardizes reconciliation processes.
These features contribute to a reduction in reconciliation time by 35%, as reported by users. By automating these critical yet time-consuming tasks, Truewind allows accounting professionals to dedicate more time to advisory roles, enhancing client relationships and business outcomes.