Truewind

Truewind is an AI-powered accounting solution that automates and enhances financial workflows for accounting firms, startups, and small to medium-sized businesses. It streamlines bookkeeping, month-end close processes, and other financial operations, providing a comprehensive suite of services including bookkeeping, CFO services, tax filings, and R&D tax credits.

Key features:

- Month-End Close: Automates the month-end close process, reducing administrative overhead and speeding up the closing of books.
- Bookkeeping: AI-powered services that ensure faster and more accurate financial record-keeping.
- API Products: Generative AI designed for the CFO office, providing a finance and accounting-centric foundational AI model.
- CFO Services: Offers strategic insights, financial metric evaluations, and performance forecasting tailored to individual companies.
- Taxes & R&D: Includes federal and state tax filings and R&D tax credits, with dedicated tax preparers available for consultation.
- Data Classification and Document Collection: Automates the classification of financial data and the collection of supporting documents.
- Client Follow-Up: An AI agent follows up on outstanding items, ensuring deadlines are met without manual intervention.
- System Integration: Fully integrates with existing accounting systems.
- SOC 2 Certified: Ensures enterprise-grade data security and privacy, adhering to strict data privacy policies.
- Enterprise-Grade Security: Built into every layer of the Truewind platform, prioritizing data security and privacy.

How it works:

1. Users access Truewind through its web platform.
2. The AI automates bookkeeping tasks, handling data entry, classification, and reconciliation.
3. For month-end close, the AI assists in closing books by automating routine tasks and providing real-time insights and reports.
4. Users can access strategic financial insights and forecasts through CFO services.
5. API products allow businesses to integrate Truewind's AI capabilities into their own applications.

Integrations:

QuickBooks Online, NetSuite, Sage Intacct, Xero, Bill.com

Use of AI:

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.

AI foundation model:

The platform uses foundational AI models designed to handle complex financial data and provide accurate, real-time insights.

Target users:

- Accounting Firms
- Startups and SMBs
- Enterprises

How to access:

Truewind is available as a web application and offers API products for integration. It is not open source, ensuring that its proprietary AI models and security features remain robust and reliable.