Klarity News
Revenue Accounting Contract Review: Why OCR and CLM Are Not Enough
Manually reviewing customer contracts for revenue accounting impact is time consuming and painful. Each contract requires accountants to spend hours creating and populating new contract review checklists with metadata, dates, fees and non-standard terms—hours that could be spent on process innovation. And while there are products and solutions like OCR and CLM that can automate document and contract review processes, sometimes, those products alone aren’t enough for the average revenue accountant. Let’s take a look at how Klarity fixes that problem.