Year-end close is a virtual buffet of every problem and pain point that Klarity was built to help solve. With a team that features quite a few former revenue accounting pros, it’s a pain we know intimately. As a year’s worth of invoices and reconciliation checklists swirl around you, we’d like to offer up ten resolutions for next year – as well as a few ways we can help you keep them. 

1. Be home by dinner. No more late nights and weekends when the end of the fiscal year rolls around. Our automated document review and workflow capabilities help you instill good organizational processes to improve overall efficiency and get you home sooner.  

2. Master the art of time management. Assigning and tracking accounting tasks can eat away time that could be spent on higher order tasks. Klarity offers automated and dynamic assignability – when new contracts come in, the system assigns them to the right reviewer so that you don’t have to. Delegate with the ultimate helping hand, and maximize the value of your workday. 

3. Be a Zen master. Account reconciliations can pile up at year-end, and the back burner fills up with a myriad of items that require review. That task you keep pushing out until next month can no longer wait, and suddenly the backlog is overwhelming. We can help ensure that accurate data is feeding proper account reconciliations, clearing the path to accurate financial statements with less headache. 

4. Be a fraud-fighting superhero. Roughly 25% of SEC fines are related to revenue accounting– don’t let yourself become a cautionary statistic! Our advanced controls for internal review protect you from fraud and potential fines. Klarity’s built-in audit trail function offers detailed reporting of what decisions were made, when and why, giving you and your auditors full transparency into your team’s process.  

5. Build structure around analytics. Automate your reporting data to turn this exhausting manual task into a breeze. Arm yourself with actionable data using our searchable advanced analytics dashboard to enable advanced reporting and queries. 

6. Give your eyes a break without sacrificing the details. Document data matching is one of the most painstaking aspects of revenue accounting, with countless MSAs, SOWs and POs to review – often distributed across multiple systems. Klarity performs automated document-to-document and document-to-SFDC matching for any document uploaded into our system. 

7. Stay at the top of your accounting game. Peer-led learning is a critical aspect of keeping up with the latest trends, and having a support system to bounce ideas off of can be invaluable. The RevRec forums hosted by Klarity represent a large group of revenue accounting professionals who meet monthly to share insights and solutions around common challenges facing the community. 

8. Be an environmental warrior. Avoid storing physical documents by using Klarity to store them electronically. For customers that still use physical forms, they can be scanned into the system. Our AI can turn your unstructured data into structured data that is searchable and actionable.  

9. Be a budget champion. Accounting teams for high-growth companies often find themselves needing to increase headcount to deal with sudden or seasonal spikes in volume, sometimes by as much as double. Stay lean with technology that can handle those increases for you, and be the champion of coming in under budget. 
10. Stop wrangling documents and start running audits your way. Make your prep work a breeze when audit time arrives. Let Klarity’s Auditor Mode put documents directly into the hands of your auditors instead of having to pull them from disparate sources.