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What is Skim?

Prior to finalizing any contracts, it is essential to meticulously examine leases, contractor quotes, and service agreements. By simply uploading a PDF or entering the text of your contract, you can identify five potentially expensive clauses, receive suggested alternative language for each, and get a draft response to communicate back to the other party. For a small fee of $9, you have the opportunity to review up to three documents without having to register or sign up for a subscription. There is also a free sample report available for you to evaluate before making a decision. To generate your report, Skim sends the text of your document to xAI, which guarantees that no records are kept afterward; however, it is crucial to understand that the data retention policies of xAI are not under Skim's control. The resulting report compiles highlighted clauses, recommended changes, and a reply draft, enabling you to thoroughly review the agreement and address necessary adjustments. It’s important to remember that Skim does not offer legal advice; thus, consulting a legal professional for specific inquiries or concerns regarding your contracts is highly recommended. This service not only streamlines the review process but also helps in making informed decisions about your agreements.

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.

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Media

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Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

$9 one-time
A one-time $9 payment covers up to 3 documents. Each document receives five flagged clauses, replacement wording for each, and a paste-ready reply. No subscription is required.

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Not specified

Training Options

Not specified

Company Facts

Organization Name

Godin Deploys

Company Location

United States

Company Website

askskim.com

Company Facts

Organization Name

Kanerika

Date Founded

2015

Company Location

United States

Company Website

kanerika.com

Categories and Features

AI Contract Review

Not specified

Categories and Features

AI Contract Review

Not specified

Contract Analysis

Not specified

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