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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 Diligen?

Achieve a deep understanding of your contracts by identifying key clauses, generating summaries, and supporting your team’s review workflow with sophisticated machine learning techniques. Diligen is employed worldwide, serving everyone from small legal teams to large Fortune 15 companies, making the contract review process faster, more efficient, and budget-friendly. Its impressive scalability allows for the management of anywhere between 50 and 500,000 contracts effortlessly. From the very first day, users gain access to numerous pre-trained clause models and have the option to swiftly customize Diligen to identify new concepts. The platform features a flexible and intuitive interface that can be adapted to meet your specific needs. When compared to other solutions in the market, it stands out with its exceptional performance. You can assign contracts to team members, foster collaboration, and manage the review process with ease. Moreover, training the system to detect new clauses or ideas is a simple task, and it can generate contract summaries in formats such as Word or Excel automatically. Additionally, contracts can be sorted based on various parameters including name, date, parties involved, or specific clauses, ensuring that a multitude of important clauses are promptly recognized and emphasized for your benefit. This thorough strategy for managing contracts greatly boosts both efficiency and precision, ultimately transforming the way legal teams operate. The time saved through this process allows teams to focus on more strategic tasks, further enhancing their overall productivity.

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Integrations Supported

Integrations Supported

Box
Clio
Epiq Discovery
Microsoft Excel
Microsoft Word
NetDocuments

API Availability

API Availability

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
On-Site Training

Company Facts

Organization Name

Kanerika

Date Founded

2015

Company Location

United States

Company Website

kanerika.com

Company Facts

Organization Name

Diligen

Company Location

Canada

Company Website

www.diligen.com

Categories and Features

AI Contract Review

Not specified

Contract Analysis

Not specified

Categories and Features

AI Contract Review

Not specified

AI Legal

Not specified

Contract Analysis

Not specified

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