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What is Klarity?

The manual examination of customer contracts to assess their impact on revenue accounting can be both lengthy and arduous. Accountants often find themselves dedicating numerous hours to generate and fill out new contract review lists, which include essential details like metadata, dates, fees, and atypical terms. This significant investment of time could instead be allocated towards enhancing innovative processes. Klarity steps in to streamline this entire procedure by automating it. The platform automatically generates a checklist for the thorough review of all contracts, incorporating every tool needed for contract assessment and delivering notifications, accounting implications, annotations, along with an automated workflow. By utilizing Klarity, organizations can redirect their efforts toward creating strategic value, emphasizing analysis and audit documentation instead of getting bogged down in monotonous manual tasks. For a more efficient contract review experience and an expedited month-end closing, users can set up tailored workflows for both first- and second-level reviewers, ultimately enhancing productivity and accuracy in the process. This not only saves time but also ensures that teams can focus on more critical aspects of their operations.

What is Heretik?

Heretik is designed to provide clients with a comprehensive toolkit that streamlines the management of large-scale document review projects within a unified and adaptable framework. The quest for genuinely structured contract data is complex and requires an effective combination of machine learning alongside a superior document review process. This essential feature has long been missing from the contract review industry but has experienced significant progress in the realm of eDiscovery, with Relativity at the forefront of these developments. As the only contract review solution that is seamlessly integrated with a top-tier document review platform, Heretik distinguishes itself through its outstanding security, scalability, and configurability attributes. Identifying contracts that are nearing renewal in the upcoming six months should be effortlessly accomplished, whether by clicking on a pie chart or applying various filters to a list. Simply depending on analytics tools that only emphasize text blocks in a contract fails to provide the necessary depth of understanding, highlighting the need for more advanced solutions. Consequently, Heretik not only improves the efficiency of the review process but also revolutionizes the way clients engage with their contract data, paving the way for more informed decision-making and strategic planning. In this way, Heretik signifies a pivotal shift in contract management by delivering insights that were previously hard to obtain.

Media

Media

Integrations Supported

Amazon WorkDocs
NetSuite
Oracle Fusion Cloud ERP
SAP ERP
Salesforce
Workday Financial Management

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided
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

Documentation Hub
Online Training

Company Facts

Organization Name

Klarity

Date Founded

2017

Company Location

United States

Company Website

www.tryklarity.com

Company Facts

Organization Name

Heretik

Date Founded

2015

Company Location

United States

Company Website

www.heretik.com

Categories and Features

AI Accounting

Not specified

AI Contract Review

Not specified

AI Legal

Not specified

Contract Analysis

Not specified

Data Extraction

Not specified

Categories and Features

Contract Analysis

Not specified

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