Truewind handles bookkeeping and financial modeling so that startups focus more on growth. It merges intelligent AI with expert support to create a seamless financial back-office experience. Enjoy accessible, reliable bookkeeping and granular financial models, created with the specific needs of the startups in mind.

FEATURES: 

• Standardize reconciliations and close
• Smart workpaper automation
• Data integrations
• Insights and analytics

FAQs about Truewind: 

What is Truewind and how does it work?

Truewind is like having a digital staff accountant. It uses artificial intelligence to automate many of the tedious tasks involved in bookkeeping and financial modeling, especially for startups and accounting firms.

Truewind essentially seeks to free human accountants from repetitive tasks to focus on more strategic work, such as advising clients. It is designed to make the financial close process faster, more accurate, and more efficient.

What are the key features of Truewind?

Truewind offers a package of features, which is focused on streamlining and accelerating financial back-office operations for startups and accounting firms. The key ones include:

• Automated bookkeeping: It does all the day-to-day bookkeeping work, including transaction classification and account reconciliation.
• Smart workpaper management: Instead of messy spreadsheets, Truewind offers a way to manage workpapers (like prepaid expenses and fixed assets) in a more organized and automated way.
  Faster month-end close: The platform is designed to streamline the entire month-end close process, making it faster and more efficient. This includes standard reconciliations and automated checklists.

What are the benefits of using Truewind?

The benefits of using Truewind are mainly for startups and accounting firms, including:

• Save time: Most routine tasks such as bookkeeping, reconciliation, and workpaper management are automated, freeing your team to focus on more strategic activities.
• Improved accuracy: Automation can reduce the risk of human error, leading to more accurate financial records.
• Increased efficiency: Streamlining financial operations can translate to cost savings and better resource allocation.

Who is Truewind for?

Truewind is particularly useful for two main groups:

• Startups: Especially fast-growing startups that are scaling quickly. Truewind can help them manage their finances efficiently without needing to hire a large finance team right away.
• Accounting Firms: Truewind can help accounting firms automate many of their client-facing tasks, increasing their capacity and allowing them to serve more clients effectively. 

How does Truewind compare to other AI finance tools?

If you are a startup company or simply an accounting firm that mainly requires the automation of core accounting tasks and operational efficiency, then Truewind would be more suitable for you. If it is advanced financial planning and forecasting as well as strategic analysis you prefer, tools like Avanzai would serve better. Some businesses may use both depending on their specific requirements when it comes to financial management.