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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 BlackBoiler?

BlackBoiler harnesses the power of artificial intelligence to swiftly analyze contracts by referencing your company’s past agreements and standards. Utilizing cutting-edge AI and natural language processing, it seamlessly annotates incoming contracts according to your organization's guidelines within the "Track Changes" feature. Users contribute to a machine learning feedback loop that continually enhances BlackBoiler's intelligence and operational efficiency each time it is utilized. This capability allows users to evaluate contracts with exceptional consistency while drastically cutting down on the time required. By employing AI in contract assessments, it uncovers inconsistencies and suggests revisions that align with the company's playbook, ensuring a uniform method for contract evaluation and markup, no matter who the negotiator is or where they are located. With BlackBoiler, companies can process a larger volume of contracts more quickly while empowering their teams to leverage past contract review experiences in future endeavors. Ultimately, this innovative tool not only simplifies the contract review process but also promotes a more integrated and efficient workflow throughout the organization, leading to improved collaboration and productivity among team members. This enhanced efficiency in contract handling allows teams to focus more on strategic initiatives rather than getting bogged down by administrative tasks.

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Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

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

Documentation Hub
Online Training

Company Facts

Organization Name

Kanerika

Date Founded

2015

Company Location

United States

Company Website

kanerika.com

Company Facts

Organization Name

BlackBoiler

Date Founded

2016

Company Location

United States

Company Website

www.blackboiler.com

Categories and Features

AI Contract Review

Not specified

Contract Analysis

Not specified

Categories and Features

AI Contract Review

Not specified

Contract Analysis

Not specified

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