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What is VerifAI?

VerifAI serves as an AI-enhanced add-in for MS-Word, significantly reducing the time lawyers spend on contract reviews by saving them up to 15 hours each week. HIGHLIGHTS • Utilize cutting-edge AI technology to review contracts in just 3 minutes rather than the traditional 3 hours. • Achieve monthly savings of up to $4,088 through efficient contract assessments. • Amplify your legal department's revenue per employee by a factor of five. Access a comprehensive array of contract playbooks, guidelines, and related documents to streamline your workflow. CAPABILITIES • Identify contract risks based on the personalized criteria you establish. Select from a variety of contract guidelines specifically designed for your industry or contract type. Receive tailored redline suggestions that align with your guidelines. • Pose open-ended legal inquiries to an advanced AI ChatGPT for insightful responses. How it works 1. Download VerifAI for free as a Microsoft Add-In. 2. Open the specific contract you wish to evaluate. 3. Select from our templates or utilize your own contract playbook. 4. Quickly compare the contract against your established playbook guidelines to ensure compliance and accuracy. This innovative tool not only streamlines contract reviews but also enhances overall legal 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

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

Integrations Supported

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

API Availability

Has API

API Availability

Has API

Pricing Information

$60/month/user
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

SpotDraft

Date Founded

2017

Company Location

United States

Company Website

spotdraft.com/verifai

Company Facts

Organization Name

Klarity

Date Founded

2017

Company Location

United States

Company Website

www.tryklarity.com

Categories and Features

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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