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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 Conga Contract Intelligence?

Contract Intelligence leverages cutting-edge AI technology to transform unstructured text from commercial agreements into reliable structured data that you can depend on without fail. This innovative system provides comprehensive visibility into your contracts, allowing you to effectively monitor obligations, seize opportunities, mitigate risks, and oversee every detail. The accuracy of the AI-generated data is guaranteed at 100%, with human oversight ensuring its reliability and ongoing enhancement of the AI capabilities. Additionally, our advanced contextual topic search enables you to swiftly locate any information related to an agreement within seconds. You also have the advantage of customizable and filterable dashboards that streamline the process of finding specific information. With proactive notifications and alerts issued ahead of every important date, you can stay on top of contract deadlines. Such insights empower you to negotiate favorable terms prior to renewals and generate risk reports that identify potential liability exposure or problematic clauses, ensuring you remain informed and strategically proactive in your contract management. Moreover, this comprehensive tool not only enhances efficiency but also significantly reduces the risk of overlooking critical contract details.

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Integrations Supported

Integrations Supported

Conga CLM
Conga Contracts

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided
Free Version

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Not specified

Training Options

Documentation Hub

Company Facts

Organization Name

Kanerika

Date Founded

2015

Company Location

United States

Company Website

kanerika.com

Company Facts

Organization Name

Conga

Date Founded

2006

Company Location

United States

Company Website

conga.com/products/conga-contract-intelligence

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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