Name: Framework for your Generative AI Strategy, with Klarity's CEO
Start: 2023-06-28T16:48:00Z
End: 2023-06-28T16:48:21.000Z
Location: BrightTALK
Rating: 0

Your deal documents are the only real source of truth for order management and revenue reporting.  Klarity's AI-based software automatically reviews customer documents to extract data used for ASC 606 compliance and to validate CRM data so that accurate data goes into Billing and ERP systems.  Companies like MongoDB, Coupa, and Zoom use Klarity to reduce the time spent reviewing order forms and deal docs for order management, billing, and revenue recognition by 87%.


IDC estimated that the amount of data created over the next three years will be more than all the data created over the past 30 years. This is why the last few months of developments in AI, from ChatGPT to Google Bard, have been so exciting. The only way to manage the scale of this data growth in business workflows is with automation.

Klarity has been at the forefront developing new ways to incorporate this technology to automate accounting and finance workflows. During this session led by Klarity’s CEO, Andrew Antos, and VP of Finance and Operations, Nick Tiscornia, we’ll see Klarity in action and highlight the newest GPT-4 features released. They’ll walk through the main finance and accounting workflows GenAI is poised to disrupt and share advice on how to make the most of this new wave of tools.

Automating Accounting Workflows with GenAI

2023 remains a difficult year to forecast for finance leaders across industries. CFOs today face economic uncertainty, as well as calls to cut corporate spending amid higher costs for labor, energy and financing. 

They must prepare to plan, fund and control the business while driving financial performance in the face of economic volatility, all while managing the investor community and ensuring compliance with tax and regulatory requirements.

Join our virtual panel on February 23rd as CFOs share what’s top of mind for them this year.

CFO 2023 Outlook, beyond the uncertainty

ChatGPT has taken the world by a storm, with an estimated 75 million users already, but this is just the beginning for Large Language Models (LLMs). Much has been written about the applications of this technology for Marketers and Engineering teams, but what does it mean for finance and accounting leaders? What changes should they be making to workflows or roadmaps? Where should they be looking to invest in the long term?

During this session led by Klarity’s CEO, Andrew Antos, we’ll break down the key concepts surrounding ChatGPT and large language models. We’ll walk through the main finance and accounting workflow the technology will disrupt and advice on how to evaluate the new wave of tools.

The Future of Finance and Accounting in a ChatGPT World

Reviewing contracts manually one by one and keying data into your ASC 606 checklists invites all sorts of compliance risk … from mistakes to just plain missing things.  

Managing materiality thresholds, managing multiple deal documents, 3rd party paper, and growth in your non-standard deals add to your challenges.

In this 30 min presentation, you will learn:

- Why the top SaaS companies automate their document reviews using AI powered software to review more documents, more quickly, and more accurately.

- How manual rev rec workflows are automated including sorting standard and non-standard docs, and evaluating accounting impact of non-standard terms. 

- New automated methods for matching your Salesforce/CRM data with your deal documents to ensure accurate information makes it into your ERP and financial reporting.

Automated Contract Review for ASC 606 Revenue Recognition

Join Klarity’s CEO, Andrew Antos, in this upcoming session to uncover how to create a GenAI strategy unique to your organization.

Framework for your Generative AI Strategy, with Klarity's CEO

Artificial Intelligence

Accountant

Financial Management

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Accounting and Tax

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Audit and Compliance

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Financial Regulation

Get powerful finance management insights for your business. Connect with experts and colleagues to get the most up-to-date knowledge that will help you to determine which financial factors build or erode value in your organization.

CFO Strategy

Join this new, vibrant community to learn and connect with top thought leaders, startups and banks who are disrupting the financial services industry. Keep up with the latest news and trends in Fintech and take part in lively debates on topical issues and challenges.

Fintech

The accounting and finance community on BrightTALK features presentations from leading accountants and finance professionals. The accounting community includes tax planning strategies, QuickBooks webinars and other accounting webinars, while the finance community features presentations on financial capital regulations and forensic data analytics. Join the conversation by attending live financial and accounting presentations and connecting with industry thought leaders.

Framework for your Generative AI Strategy, with Klarity's CEO

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