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Product Announcement
2 min read

Tired of Hunting for Example Disclosures? Meet FootnoteDB Private

December 12, 2024
Photo of Deepak Lalit
Deepak Lalit

Tired of Hunting for Example Disclosures? Meet Footnotedb Private

If you’ve ever found yourself digging through old files, asking teammates, or Googling endlessly for just the right example of financial disclosure, you’re not alone. Our research shows that auditors and financial reporting professionals spend way too much time doing exactly that. Trying to track down how they or someone else worded that revenue recognition footnote three engagements ago. It’s frustrating, it’s inefficient, and it’s not the best use of your time.

Enter FootNoteDB.

FootNoteDB is here to solve that problem once and for all. Think of it as your firm’s private repository—a centralized, searchable library of footnotes from all the financial statements you’ve drafted. Instead of wasting time combing through folders or trying to remember who worked on what, you can pull up exactly what you need in seconds.

Here’s how FootNoteDB changes the game:

  • Natural Language Search: Simply type in what you’re looking for—like “Find disclosures where companies updated their lease accounting policies due to ASC 842 adoption —and FootNoteDB’s powerful search engine does the rest, delivering precise, relevant results in seconds. No complex queries, no frustration.

  • Centralized Repository: All your footnotes in one place. Each footnote is tagged and labeled for easy organization, whether by topic, standard, or client, making it effortless to find exactly what you need.

  • Top-Notch Security: Built with confidentiality in mind, FootNoteDB ensures that your firm’s proprietary work stays private and secure, protecting your most valuable resources.

With FootNoteDB, you’re not just finding a faster way to locate example disclosures—you’re transforming how your firm approaches financial statement drafting. Imagine a world where finding the right wording takes seconds, not hours. It’s not just about efficiency; it’s about giving you the tools to focus on the work that really matters.

Ready to see the difference? Learn more here.

FAQ

Frequently Asked Questions

Learn how Tellen’s AI Agent Workforce powers modern accounting firms.

What is Tellen’s AI Agent Workforce?

Tellen’s AI Agent Workforce is a suite of specialized AI-powered agents designed for accounting firms. These agents automate audit workflows, financial statement preparation, and footnote disclosures while ensuring security, compliance, and transparency.

How do Tellen’s AI agents help accounting firms scale?

By automating time-intensive tasks like substantive testing, financial reporting, and consistency checks, Tellen enables firms to handle more engagements without increasing headcount. This drives higher efficiency, capacity, and profitability.

Are Tellen’s AI agents secure?

Yes. Tellen deploys directly into your firm’s cloud environment (Azure, AWS, or GCP), ensuring that sensitive client data never leaves your control. The platform is also SOC 2 Type II certified, providing enterprise-grade security and compliance.

Can Tellen’s AI agents adapt to our firm’s unique workflows?

Absolutely. Tellen’s agents are dynamic learners. They are trained on your firm’s proprietary data, policies, and tech stack, creating a shared knowledge base that evolves with each engagement.

What accounting tasks can Tellen’s agents automate?

Tellen automates tasks across every audit stage, including:

  • Planning: Research and guidance from accounting standards.
  • Fieldwork: Substantive and control testing.
  • Reporting: Drafting financial statements and footnotes.
  • Review: Consistency checks and quality scans.

How does Tellen improve audit quality?

Tellen ensures accuracy and compliance by cross-referencing data, logging every AI decision, and providing 100% traceable outputs backed by verifiable sources—so your audit files are complete, consistent, and trustworthy.

What ROI can accounting firms expect with Tellen?

Firms using Tellen report significant time savings, revenue-per-employee growth, and improved engagement capacity. For example, one firm achieved 332% ROI and saved nearly 300 hours using AI agents.

Does Tellen integrate with our existing software?

Yes. Tellen seamlessly integrates with tools like Microsoft Teams, Slack, SharePoint, OneDrive, Copilot, Caseware, Wolters Kluwer, Thomson Reuters, and Inflo—fitting into your existing audit workflow.

How is Tellen different from generic AI tools?

Unlike generic AI or off-the-shelf automation software, Tellen is purpose-built for accounting. It is secure, compliance-focused, and continuously adapts to your firm’s unique processes, ensuring firm-specific intelligence.

How can we get started with Tellen?

You can schedule a demo or consultation via our Contact page. Our team will guide you through setup, deployment, and training so your firm can start scaling with AI-powered efficiency.