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What is LexCheck?

Cutting-edge AI technology equips users with attorney-level negotiation capabilities, featuring multi-round reviews, automated redlining, fallback playbooks, and instructional support, all of which streamline the transition from contract creation to final approval. This innovation dramatically accelerates the negotiation and markup process, enabling rapid reviews that can occur in near real-time. By shortening deal timelines, it not only leads to significant cost reductions but also enhances the overall efficiency of procurement workflows. Employing data-driven insights allows for improved review strategies, effectively addressing edge cases while integrating valuable feedback. Furthermore, it reduces potential risks by maintaining compliance with both organizational mandates and industry standards through AI-driven adherence to established playbook protocols. LexCheck AI is pre-equipped with well-recognized negotiation best practices suitable for various common contract types. Our expert team stands ready to assist in tailoring the system to fit your specific playbook guidelines, requiring fewer than 24 training examples to do so. This customized approach guarantees that your contract negotiation process is both efficient and adept at fulfilling your particular requirements, ultimately fostering a more streamlined operational experience. With these capabilities, organizations can expect not only improved negotiations but also a strengthened competitive edge in their respective markets.

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.

Media

Media

Integrations Supported

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

Integrations Supported

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

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

LexCheck

Date Founded

2015

Company Location

United States

Company Website

www.lexcheck.com

Company Facts

Organization Name

Klarity

Date Founded

2017

Company Location

United States

Company Website

www.tryklarity.com

Categories and Features

Contract Management

Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management

Categories and Features

Data Extraction

Disparate Data Collection
Document Extraction
Email Address Extraction
IP Address Extraction
Image Extraction
Phone Number Extraction
Pricing Extraction
Web Data Extraction

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