Klarity

About Klarity

Klarity applies AI to revenue recognition and contract review — two of the most technically complex and time-consuming areas in corporate accounting. The platform automates the analysis of contracts to extract revenue recognition terms, identify performance obligations, and apply ASC 606 and IFRS 15 standards to determine the appropriate recognition schedule. For SaaS companies, professional services firms, and any business with complex contractual arrangements, revenue recognition is both high-stakes and labor-intensive. Klarity's AI reads contracts, extracts the relevant terms, and generates the journal entries and disclosure schedules that auditors and regulators require. The platform's value is most apparent in organizations processing hundreds or thousands of contracts where manual analysis creates bottlenecks at quarter-end. Klarity also assists with lease accounting under ASC 842, extending its utility to another area where contract analysis drives accounting outcomes. The enterprise positioning and custom pricing reflect the complexity and value of the use case. Organizations with simple revenue streams or few contracts may not generate sufficient volume to justify the investment, but for complex enterprises, Klarity addresses a genuine automation gap that general accounting platforms don't touch.

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