Truewind

Truewind is an AI-powered accounting solution designed to automate and enhance accounting workflows for accounting firms, startups, and small to medium-sized businesses (SMBs). It leverages generative AI to streamline bookkeeping, month-end close processes, and other financial operations, providing a comprehensive suite of services that include bookkeeping, CFO services, tax filings, and R&D tax credits. Truewind launched its AI Assistant in April 2024.

Features:

Core AI Platform
- Automates the month-end close process, reducing administrative overhead and speeding up the closing of books
- Provides AI-powered bookkeeping services that ensure faster and more accurate financial record-keeping
- Offers generative AI specifically designed for the CFO office, providing a finance and accounting-centric foundational AI model
- Delivers strategic insights, financial metric evaluations, and performance forecasting tailored to individual companies
- Includes federal and state tax filings and R&D tax credits, with dedicated tax preparers available for consultation

Automation and Integration
- Automates the classification of financial data and the collection of supporting documents
- Utilizes an AI agent to follow up on outstanding items, ensuring deadlines are met without manual intervention
- Fully integrates with existing accounting systems such as QuickBooks Online, NetSuite, Sage Intacct, Xero, and Bill.com

Security and Compliance
- SOC 2 certified, ensuring enterprise-grade data security and privacy, adhering to strict data privacy policies
- Enterprise-grade security built into every layer of the Truewind platform, ensuring the highest priority is given to data security and privacy

How It Works:
Users interact with Truewind primarily through its web platform, which offers a range of AI-powered accounting tools. The platform automates bookkeeping tasks, assists in closing books, and provides strategic financial insights and forecasts. Truewind also offers API products that allow businesses to integrate its AI capabilities into their own applications.

Integrations:
Truewind supports integration with several major accounting systems, including QuickBooks Online, NetSuite, Sage Intacct, Xero, and Bill.com. These integrations ensure that Truewind can work within the existing financial ecosystems of its users, providing a smooth and efficient workflow.

Generative AI and Foundation Models:
Truewind leverages generative AI to automate and enhance various accounting tasks. The AI models are specifically developed for financial and accounting applications, ensuring they are tailored to the unique needs of these domains. The platform uses foundational AI models that are designed to handle complex financial data and provide accurate, real-time insights.

Availability and User Base:
Truewind is available as a web application and offers API products for integration. It is particularly beneficial for accounting firms, startups, SMBs, and enterprises. The solution automates routine tasks, provides end-to-end bookkeeping, tax services, and CFO support, and offers scalable solutions for large businesses, including advanced financial analytics and insights. Truewind is not open source, ensuring that its proprietary AI models and security features remain robust and reliable.