Klarity is an AI-powered platform that automates document processing for accounting and compliance, converting unstructured documents into structured data while ensuring accuracy and regulatory adherence. By minimizing manual tasks, Klarity enhances operational efficiency and reduces audit risk, enabling organizations to scale their processes effectively.
Funding
$90.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
DGEGIFounders
Product
Problem
Accounting and compliance teams face challenges in efficiently processing unstructured documents, leading to manual data extraction, increased operational costs, and potential compliance risks. The need to manually bridge the gap between internal systems and external documents creates bottlenecks and hinders scalability.
Solution
Klarity offers an AI-powered platform that automates document processing for accounting and compliance, converting unstructured documents into structured data. The platform streamlines workflows, ensures data accuracy, and maintains compliance across critical business operations, such as ASC 606 assurance, order management, and invoice processing. By automating manual tasks, Klarity minimizes operational expenses, mitigates risk, and accelerates workflows, enabling organizations to achieve exponential growth. The platform integrates with existing systems to enhance processes from day one.
Target Audience
Klarity targets CFOs, CAOs, accounting teams, finance operations teams, and internal audit teams within Fortune 500 and high-growth companies.
Features
- AI-powered data extraction to convert unstructured documents into structured data instantly
- Real-time data validation and precise calculations across multiple sources
- Streamlined compliance controls to maintain strict regulatory adherence
- Automated contract reviews for ASC 606-impacting language
- Automated matching of remittance advice against open invoices in ERP systems
- Automated processing of purchase orders and spreadsheets from channel partners
- Integration with CRM and ERP systems
- Process mapping to identify opportunities for standardization and automation