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Description

Klara serves as an AI agent for contract review and compliance at Kanerika, efficiently extracting contracts and documents from your existing document management solutions like SharePoint while ensuring that personally identifiable information is masked prior to any in-depth analysis. It meticulously evaluates each clause against your organization’s playbook, highlighting any deviations in critical terms such as indemnity, termination, audit rights, and data ownership while providing a confidence score for each finding. Additionally, Klara generates redline language that aligns with your playbook for any flagged clauses, which are subsequently reviewed by a human for final approval. Furthermore, all findings, decisions, and overrides are systematically logged to maintain a thorough audit trail, and the decisions made by reviewers are incorporated back into the system, enhancing the accuracy and efficiency of future contract reviews. This continual feedback loop not only strengthens the review process but also ensures compliance and alignment with your organization’s standards.

Description

TermScout employs a unique hybrid model that integrates artificial intelligence with legal expertise to achieve contract reviews with an impressive accuracy exceeding 99%. This level of precision surpasses what can be accomplished by AI or legal professionals working independently. The synergy between technology and legal knowledge truly exemplifies a perfect collaboration. Our primary focus lies in contracts related to the acquisition or licensing of IT services, including software, cloud solutions, hardware, professional services, independent contractor arrangements, and non-disclosure agreements. We are continuously expanding our range of contract types in our review offerings. By utilizing a data-driven approach, we provide a valuable "gut check" for various categories, empowering you to enhance your software contracts for optimal outcomes. This alignment with your business partners ensures that your contractual objectives are met effectively. The insights we offer equip you with essential information for making pivotal decisions, allowing you to save time and expedite the signing of contracts that are rated favorably. In today's fast-paced business environment, leveraging our services can give you a significant competitive edge.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

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Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

$49 per contract review
Free Trial No 
Free Version Yes 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) Yes 
In Person No 

Vendor Details

Company Name

Kanerika

Founded

2015

Country

United States

Website

kanerika.com

Vendor Details

Company Name

TermScout

Founded

2018

Country

United States

Website

termscout.com

Alternatives

No Alternatives

Alternatives