Klarity

AI contract review for finance and legal teams

⭐ 4 / 5

paid

💡

Expert's Tip

"Klarity solves a real pain: reading and extracting data from hundreds of contracts is slow and error-prone. The AI extraction accuracy is impressive, and the time savings for revenue recognition and audit prep are measurable."

What is Klarity?

Klarity uses AI to read, classify, and extract structured data from contracts at scale. For finance teams responsible for revenue recognition under ASC 606, this means automatically pulling out contract terms, performance obligations, and payment milestones from hundreds of agreements without manual review.

The platform is trained on millions of commercial contracts, making it accurate on standard clause types. It flags non-standard terms, missing clauses, and potential compliance issues, routing them to human reviewers only when needed. Audit prep that previously took weeks can be completed in days.

Klarity is narrowly focused on finance and legal use cases rather than trying to be a general contract management platform. This focus means the models are more accurate for the specific extractions finance teams need, but it also means you would need a separate tool for contract negotiation or CLM workflows.