Klarity
Klarity automates document analysis and contract review, helping businesses extract key information and insights quickly, ensuring compliance and reducing legal risks.
Klarity is an AI-powered platform that automates document analysis, contract review, and revenue recognition workflows, transforming unstructured documents into structured, actionable data to ensure compliance, reduce manual effort, and minimize legal and audit risks.[1][2][4] Its core capabilities include AI-driven data extraction from diverse formats like contracts, invoices, POs, and regulatory filings; real-time validation and calculations with over 340 pre-trained contract clauses; active learning for adapting to new templates; and seamless integrations with ERP, CRM, CPQ, and CLM systems.[1][2][3][6]
Designed for finance, accounting, legal, and compliance teams in enterprises such as DoorDash, CrowdStrike, and Zoom, Klarity excels in use cases like ASC 606 assurance, SOX controls, order management, claims processing, and financial services compliance.[2][3][5][6] What sets Klarity apart is its superior accuracy—up to 31% higher than humans with 82%+ AI pass-through rates—eliminating 85% of manual reviews while generating audit-ready logs and providing real-time insights for faster close cycles and operational efficiency.[5][6]
Sources
- [1] https://dev.to/torinmos/how-klarity-is-transforming-compliance-and-regulatory-documentation-ea2
- [2] https://kitemetric.com/blogs/how-klarity-transforms-compliance-and-regulatory-documentation
- [3] https://www.accelirate.com/our-partners/klarity/
- [4] https://www.klarity.ai
- [5] https://crew.vc/perspectives-insights/our-investment-in-klarity/
- [6] https://barndoor.ai/ai-tools/klarity/
Klarity explicitly states that it and its Third-Party AI Providers will not use Customer Data to train, fine-tune or imp
No training on user data means no opt-out is necessary.
Low risk across data training, licensing, and sharing dimensions.
Klarity explicitly states that it and its Third-Party AI Providers will not use Customer Data to train, fine-tune or improve any AI models. This is a clear, unambiguous commitment with no opt-out required—protection applies by default.
“[ToS] 'Klarity and its Third-Party AI Providers will not use Customer Data to train, fine-tune or improve any AI models, whether proprietary or third-party.'”
Customer retains ownership of Inputs and Outputs derived from Customer Data. Klarity's license is strictly limited to providing the Services and does not extend to sublicensing, marketing, or derivative works. The license terminates upon agreement termination.
“[ToS] 'As between the parties, Customer owns: (i) Inputs; and (ii) Outputs to the extent such Outputs are derived from Customer Data, and Klarity retains all right, title and interest in and to the Services...'”
Klarity shares data only with essential Third-Party AI Providers under written obligations no less protective than the Agreement and DPA. A public subprocessor list is maintained. No advertising, analytics, or marketing partner sharing of user content is permitted.
“[ToS] 'To the extent Third-Party AI Providers Process Customer Data on Klarity's behalf, Klarity will ensure such providers are subject to written obligations no less protective than those set out in the Agreement and the DPA.'”
Clear retention period stated: Customer Data is retained for the duration of the Agreement and deleted within 30 days of termination or upon request, unless retention is required by law. Backup retention is addressed and follows standard archival processes.
“[ToS/DPA] 'Upon expiration or termination of this Agreement, Klarity will delete Customer Data within thirty (30) days, unless retention is required by law.'”
Customer owns all Outputs derived from Customer Data with no restrictions on commercial use. Klarity retains no rights to Outputs and cannot reuse or sublicense them. Ownership is clear and exclusive to the Customer.
“[ToS] 'Customer owns: (i) Inputs; and (ii) Outputs to the extent such Outputs are derived from Customer Data...'”
The agreement references compliance with GDPR, CCPA, and includes EU Standard Contractual Clauses and UK International Data Transfer Addendum. However, no explicit mention of SOC 2 Type II, ISO 27001, or HIPAA certifications is provided. Security measures are described but formal certifications are not explicitly stated.
“[ToS/DPA] 'Klarity will not transfer Customer Personal Data outside the EEA or the UK except pursuant to the EU Standard Contractual Clauses (SCC) and, where applicable, the UK International Data Transfer Addendum.'”
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