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September 21, 2022
Streamlining Contract Review Through A Risk Based Approach
Case Study
L
ookout experiences transformat
ive impact on revenue accounting processes.
Lookout is the leader in integrated endpoint-to-cloud security. Its cloud-delivered platform secures data for the world’s leading enterprises, ensuring they comply with regulations while respecting the privacy of individual team members.
L
ookout experiences transformat
ive impact on revenue accounting processes.
Lookout is the leader in integrated endpoint-to-cloud security. Its cloud-delivered platform secures data for the world’s leading enterprises, ensuring they comply with regulations while respecting the privacy of individual team members.
L
ookout experiences transformat
ive impact on revenue accounting processes.
Lookout is the leader in integrated endpoint-to-cloud security. Its cloud-delivered platform secures data for the world’s leading enterprises, ensuring they comply with regulations while respecting the privacy of individual team members.
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Why customers choose Klarity
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Lookout serves a wide array of customers, from individual users to large global enterprises and government organizations. It’s a fast-growth company, scaling quickly. Internal resources are precious, and often constrained. Simultaneously, customer demand grows — as does the strain on the company’s revenue accounting team. Efficiency is key.
With Klarity in place, Lookout has seen month-long review cycles drop by 75% to a week by eliminating the most repetitive aspects of contract review entirely, while simultaneously streamlining the processes that do require human involvement. Today, Lookout’s revenue accounting team is able to focus its effort and energy on far more valuable technical accounting challenges.
Lookout has seen month-long review cycles drop by 75% to a week by eliminating the most repetitive aspects of contract review entirely.
Klarity’s automation and Lookout’s forward-thinking mindset are a perfect match.
Klarity provided a secure place to store revenue-specific contracts and related documents.
Why Customers Love It
“We are extremely excited to implement this Generative AI Technology for our customers. Klarity Architect demonstrates the superior analysis capabilities of AI using Multi Modal analysis and LLMs in real life scenarios. We believe in the impactful transformative value of AI and look forward to delivering tangible results to our customers by utilizing Klarity Architect.”
— Ahmed Zaidi, CEO, Accelirate
Find out how Accelirate cut documentation time by 67% and scaled their operations →
Life at Klarity
Klarity’s demo immediately demonstrated the transformative impact Klarity would have on our revenue accounting processes,” said Chen. “Their sales and professional service teams were incredibly engaging right off the bat. They described the product and its outcomes very clearly.
Yunuu Chen
Corporate Controller at Lookout
The Results
“Klarity provides an excellent interface within the contract review process, so when a human does need to get involved it’s much easier and more intuitive. On the left side is your checklist, on the right your contract. Key words and phrases are highlighted, it’s incredibly user-friendly,” said Chen
“Before we implemented Klarity, we didn’t have an accounting-specific tool to store our revenue contracts,” she continued. “We shared a contract storage tool with other departments that wasn’t built for accounting or financial use. Klarity solved that problem, too.”
