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What is ThoughtRiver?

ThoughtRiver's innovative automated platform for contract review has the potential to transform your contract management practices significantly. By automating risk assessment and facilitating AI-driven remediation, our technology simplifies the contracting process, eliminating the need to painstakingly examine every clause for crucial information. Instead, ThoughtRiver efficiently analyzes contracts and offers valuable legal insights. This solution not only enhances lawyers' productivity but also tackles a major concern for CEOs: accelerating the pace of deals. With our platform, organizations can expedite their contracting procedures, resulting in faster contract signings and quicker revenue generation through smart pre-screening of contracts. Experience the transformation by joining the numerous satisfied legal firms and service providers that have already optimized their contracting workflows with ThoughtRiver. Embrace the future of contract management today and witness the impact on your organization’s efficiency.

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

HighQ
Microsoft Word

Integrations Supported

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

API Availability

API Availability

Pricing Information

Volume based pricing
Free Trial Offered?

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

ThoughtRiver

Date Founded

2013

Company Location

United Kingdom

Company Website

www.thoughtriver.com

Company Facts

Organization Name

Klarity

Date Founded

2017

Company Location

United States

Company Website

www.tryklarity.com

Categories and Features

AI Contract Review

Not specified

AI Legal

Not specified

Contract Analysis

Not specified

Contract Management

Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management

Legal Document Management

Access Controls
Archiving & Retention
Contract Management
Document Indexing
Document Tagging
Version Control

Categories and Features

AI Accounting

Not specified

AI Contract Review

Not specified

AI Legal

Not specified

Contract Analysis

Not specified

Data Extraction

Not specified

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