Klarity

Klarity automates revenue accounting by extracting key terms from contracts, invoices, and POs to generate audit-ready checklists and ensure compliance.

Description

Klarity automates revenue accounting and contract review processes by intelligently extracting key data from invoices, contracts, POs, and remittance documents—cutting manual labor and audit risk. Its AI-driven validation and clause identification workflows integrate with ERP and CRM systems, generating audit-ready checklists and compliance logs. Klarity is built for revenue accounting, internal audit, and finance operations teams in high-growth or publicly regulated enterprises looking to accelerate close cycles and strengthen SOX controls.

Customers

DoorDash, CrowdStrike, Zoom, Coupa, Genesys, Google, MongoDB

What Problem Does Klarity Solve?

Manual contract, invoice, and order review for revenue recognition is labor-intensive and error-prone, often failing to scale as companies grow, exposing them to audit risks and slow close cycles. This leads to increased operational cost, staffing pressure, and compliance exposure. Klarity automates identification, extraction, and validation of revenue-impacting clauses and data—with results fed into spreadsheets or ERP/CRM systems—accelerating close timelines and reducing compliance and staffing costs.

Pros

• Automated Contract Review: Automatically extracts over 340 contract clauses and metadata, populating revenue checklists and eliminating manual document review
• Audit‑Ready Compliance: Generates detailed audit logs and SOX controls validation with AI‑annotated review trails for regulatory transparency
• High Accuracy & Throughput: Delivers 82%+ AI pass‑through rates and up to 31% greater accuracy than humans, reducing time‑to‑close and operational cost

Cons

• Narrow Domain Focus: Purpose-built for revenue accounting and contract review, and not designed for broader legal workflow or general document processing
• Requires Accounting Expertise: Full value depends on configuration of revenue recognition checklists and policies, needing finance team input and setup
• Limited Workflow Automation Beyond Finance: Strong on document analysis, but lacks native tools for broader business‑user orchestration or cross‑departmental workflow automation.

Last updated: October 1, 2025