Klarity
Klarity, based in San Francisco, offers AI-powered software designed to automate document review processes for revenue accounting, enhancing accuracy and efficiency for companies like Salesforce and TIBCO.
Company Overview
Klarity, headquartered in San Francisco, CA, operates in the B2B legal sector with a team of 11 members. The company focuses on automating document review processes for revenue accounting using AI technology. Klarity participated in the Y-Combinator S18 batch and serves regions including the United States, America/Canada, and remote environments.
Services
Klarity offers AI-driven software designed to automate the laborious aspects of manual document review for revenue accounting. The software is specifically tailored to assist accounting teams in scaling their processes without adding costly resources. It provides an audit trail for ASC 606 and SOX controls and enables early reporting in every accounting period. Its automated contract review saves time for revenue teams and enhances efficiency.
Technology
Klarity's software automates document review by leveraging AI to read contracts and flag those over designated fiscal thresholds for human review. It also automatically populates revenue recognition checklists, flags non-standard elements, and annotates essential data. The software integrates seamlessly into existing environments and works with CRM and ERP systems, offering complete configuration to internal policies. It generates detailed audit trails and learns from past accounting determinations to improve future reviews.
Compliance
Klarity ensures compliance with SOC 1 and SOC 2 standards, providing secure and reliable software for revenue accounting processes. The automated document review system is built to provide a complete audit trail, assisting companies in maintaining robust ASC 606 and SOX controls. The software is 30 percent more accurate than human review, enhancing the reliability and precision of contract analysis at scale.
Clientele
Klarity's AI-powered document review solutions are utilized by prominent companies such as Salesforce, TIBCO, Segment, Checkr, and Zscaler. These high-growth organizations benefit from Klarity's ability to integrate with their existing systems, facilitate automated communication around the review process, and ensure accurate contract analysis and revenue recognition.