AI powered AP Automation AI Audit AI Document Management
Klarity · Use Case Asc 606 Revenue Accounting
Klarity automates accounting and compliance workflows that are traditionally offshored, enhancing accuracy and efficiency in contract review and revenue recognition.
Overview
What Klarity does
Klarity automates accounting and compliance workflows, particularly focusing on revenue recognition under ASC 606 guidelines. It aims to reduce manual processes and improve efficiency in contract review and data accuracy.
Capabilities
Key features
- 01
Intelligent Matching
Klarity turns unstructured data into structured data, enabling effective matching of queries.
- 02
Document Interaction
Users can interact with documents in a conversational manner, simplifying the search for information.
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What the AI does
Klarity leverages AI to automate the review of contracts and enhance data accuracy.
Capabilities
- ● Automated contract review
- ● Data extraction and correction
- ● Natural language processing for document interaction
Models
- Klarity AI NLP
Utilizes natural language processing to understand and interact with contract data.
Trust
Security & compliance
Klarity prioritizes security and compliance, ensuring data protection and regulatory adherence.
Measures
- ● Data encryption
- ● Access controls
- ● Regular security audits
Certifications
More
Additional information
Competitive advantage
Klarity stands out due to its focus on automating complex accounting processes and enhancing employee experience.
- + Automates tedious manual processes
- + Integrates with existing systems
- + Enhances employee productivity
On the roadmap
Klarity plans to expand its features and improve user experience based on customer feedback.
- → Enhanced AI capabilities
- → More integrations with GTM systems
- → User interface improvements
Update cadence: monthly
Integration & deployment
Klarity integrates seamlessly with existing systems like Salesforce for data accuracy and correction.
- + Salesforce
- + Various GTM systems
Deployment: cloud-based
Interface
Klarity features a user-friendly interface that simplifies document management and review processes.
Support & resources
Klarity offers various support resources to assist users in maximizing the tool's potential.
- + Email support
- + Knowledge base
- → Webinars
- → E-books
External
Links & channels
Voices
What customers say
Klarity has received positive feedback from various clients highlighting its impact on operational efficiency.
-
“Klarity significantly improved our employee experience by automating tedious contract reviews.”
Genesys
-
“Klarity paid for itself 5x over while reducing our ASC 606 risk.”
Zoom
Used by
Field notes
Case studies
- 01
Streamlining Contract Review Through A Risk Based Approach
Industry: Technology
- Challenge
- High volume of contracts needing review under ASC 606.
- Solution
- Implemented Klarity to automate the review process.
- Results
- Reduced review time by 50% and improved accuracy.
- 02
Lookout's Revenue Accounting Transformation
Industry: Cybersecurity
- Challenge
- Manual processes leading to inefficiencies.
- Solution
- Adopted Klarity for automated contract reviews.
- Results
- Significant operational improvements and reduced risk.
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Klarity compared
Side-by-side comparison of Klarity and 5 top ai powered ap automation alternatives across pricing, free tier, key features, integrations, and ratings.
| Tool | Pricing | Free tier | Top features | Integrations | Rating |
|---|---|---|---|---|---|
| Klarity | Varies | — |
| Salesforce, Various GTM systems | 4.5 |
| Varies | Yes |
| ERP systems, CRM applications, E-commerce platforms +2 more | 4.5 | |
| £0/month | Yes |
| Bank account integration, Payment processing, Invoicing software | 4.5 | |
| AppZen ★ | Varies | — |
| Coupa, NetSuite, Oracle E-Business Suite +2 more | 4.5 |
| Varies | — |
| Workday, Salesforce, Oracle ERP +2 more | 4.5 | |
| $12/month | Yes |
| Sage, Xero, QuickBooks +2 more | 4.5 |
See the full breakdown on Klarity alternatives .
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