Trullion

What do you like best?

The biggest benefit of smrt is it lets us have all our leases in one centralized place, and analyze them automatically. It's particularly useful for audits because you can go from financial entries directly to the right place in the original contract. smrt meets the regulatory requirements we have to comply with.

What do you dislike?

The only difficulty we've encountered is what you might expect from any new software tool - getting onboarded takes a while, especially if you need the entire team on the same page. However, smrt's automatic contract extraction feature made this process much easier than we expected. We just uploaded all our PDF leases and smrt was ready to go.

What problems are you solving with the product? What benefits have you realized?

ASC 842 compliance has been delayed for private companies, but we're still happy we took the time to prepare, since we'll have to comply next year anyway. It's good to have all the infrastructure in place.