Clarative
Clarative is an AI-powered contract intelligence platform focused on vendor and contract performance management. It helps organizations extract key details from vendor contracts, monitor performance against commitments, and ensure compliance with global regulations. The platform offers modules for SLA monitoring, rebate utilization, contract review, and AI risk monitoring, integrating with existing data sources. Clarative aims to reduce risk, ensure compliance (e.g., DORA), maximize vendor relationships through performance monitoring and scorecards, and save time by automating contract review and reporting. They claim customers see percentage point reductions in spend and greater visibility in negotiations. The company is SOC II compliant.
Clarative
Clarative is an AI-powered contract intelligence platform focused on vendor and contract performance management. It helps organizations extract key details from vendor contracts, monitor performance against commitments, and ensure compliance with global regulations. The platform offers modules for SLA monitoring, rebate utilization, contract review, and AI risk monitoring, integrating with existing data sources. Clarative aims to reduce risk, ensure compliance (e.g., DORA), maximize vendor relationships through performance monitoring and scorecards, and save time by automating contract review and reporting. They claim customers see percentage point reductions in spend and greater visibility in negotiations. The company is SOC II compliant.
TL;DR
Product: AI contract intelligence and continuous vendor monitoring platform
Founded: 2023
Headquarters: San Francisco, California
Compliance: SOC 2 Type II
Recent funding: Seed announced Jun 24, 2024
Company Overview
Problem Domain
Third-party/vendor risk management, contract intelligence, and compliance automation
Founded
2023
Industry
Data and Analytics
Tech Stack
Funding Track Record
Seed round announced Jun 24, 2024; round amount not specified in provided evidence
Investor Signal
“Plug & Play participated as lead investor in the Seed round announced Jun 24, 2024”