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What is Klara?

Klara functions as an intelligent agent for contract evaluation and compliance at Kanerika, adeptly retrieving contracts and documents from your existing document management systems, such as SharePoint, while ensuring that any personally identifiable information is appropriately masked before conducting a thorough analysis. It carefully assesses each contract clause against your organization’s guidelines, pinpointing any discrepancies in essential terms like indemnity, termination, audit rights, and data ownership, while also providing a confidence score for each identified issue. In addition, Klara creates redline language that is consistent with your playbook for any clauses that require attention, which are then subject to review by a human for final validation. Moreover, all findings, decisions, and exceptions are meticulously documented to establish a comprehensive audit trail, and the judgments made by reviewers are fed back into the system, thereby improving the precision and effectiveness of subsequent contract assessments. This ongoing feedback mechanism not only enhances the overall review process but also ensures that compliance is upheld and that your organization’s standards are consistently met, resulting in a more reliable and efficient workflow. Ultimately, Klara represents a significant advancement in the way organizations manage their contractual obligations and compliance efforts.

What is BRC Gap Analysis?

By employing the BRCGS Global Standards as a guideline, a structured set of inquiries will be developed for each section and clause, with answers classified as Yes (indicating adherence), No, or N/A. Any issues will be highlighted if a question receives a No response. Each inquiry will have a space for comments, allowing for the citation of relevant documents, like policies, or the addition of further remarks. When non-conformities are discovered, corrective actions can be initiated, assigned to individuals accountable for resolution, given specific deadlines, and confirmed by appointed personnel. You can explore each identified deficiency in detail to monitor the raised actions, the responsible parties, and the current status of those efforts. It is vital to keep a thorough historical record and an audit trail for all evaluations and actions related to the BRCGS Global Standards clauses. Additionally, it is necessary to revisit the gap analysis whenever there are changes in processes or products to guarantee sustained compliance. Regular assessments of the compliance status are key to early identification of potential risks, allowing for timely interventions to address them effectively. This proactive approach ensures that the organization remains aligned with the evolving standards and best practices.

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Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

$20.16 per user per month
Billed annually
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Not specified

Training Options

Not specified

Company Facts

Organization Name

Kanerika

Date Founded

2015

Company Location

United States

Company Website

kanerika.com

Company Facts

Organization Name

BRC Compliance Solution

Company Location

United kingdoms

Company Website

brccompliance.org/brc-gap-analysis/

Categories and Features

AI Contract Review

Not specified

Contract Analysis

Not specified

Categories and Features

Compliance

Not specified

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