ClariFi · Contract Extraction Agent
Revenue recognition that starts with the contract
Getting ASC 606 right means reading every contract for what you actually promised. ClariFi's contract extraction agent reads each agreement and proposes the revenue recognition inputs, quoting the exact clause behind each one. Your accountant confirms them, and a deterministic engine builds the schedule.
ASC 606 policy setup is available as a Custom Project. No long-term commitment.
How it works
- 1
Your contract goes in the document vault
Upload customer agreements to ClariFi's document vault, or send them to your accountant. Source documents stay referenced in your vault, never copied elsewhere.
- 2
The agent proposes the inputs
It reads the contract and proposes performance obligations and recognition inputs, each with the clause it relied on quoted word for word.
- 3
Your accountant confirms or corrects
Nothing counts until a person confirms it. Your accountant checks each proposal against the contract and fixes anything the agent got wrong.
- 4
A deterministic engine builds the schedule
From the confirmed inputs, a rules engine (not a language model) produces the monthly recognition schedule and the revenue journal entries your bookkeeper posts, with a CSV export.
- 5
Your contracts feed your forecasts
Confirmed schedules flow into contracted revenue on your Pro Forma P&L (Growth), and your customer contract register drives backlog and renewal views (Foundation).
What the AI does, and what people do
AI proposes; people approve. That split is built into the product, not left to a policy.
The AI drafts
- Reads customer contracts and proposes performance obligations
- Proposes recognition inputs with the supporting clause quoted
- Explains each proposal with the contract language behind it
Your team decides
- Confirm or correct every proposed input
- Approve the recognition schedule
- Post the revenue journal entries in your accounting system
The AI never
- Computes the schedule: a deterministic engine does that from confirmed inputs
- Confirms its own proposals
- Writes to your books
New to ASC 606? Start with our guide to SaaS revenue recognition.
Frequently asked questions
Can AI do ASC 606 revenue recognition?
AI is good at the slow part: reading contracts and finding the terms that drive revenue recognition. It should not be the one deciding. In ClariFi, the contract extraction agent proposes the inputs with the exact clause quoted, your accountant confirms them, and a deterministic engine computes the schedule, so every number traces back to a contract term a person approved.
Does the AI calculate my revenue?
No. The agent only proposes inputs. Amounts and dates come from deterministic calculations on the confirmed inputs, so the same contract always produces the same schedule.
Do startups need ASC 606?
If you plan to raise from institutional investors, get audited, or sell multi-element contracts, you need GAAP revenue recognition, which means ASC 606. Our guide to SaaS revenue recognition covers when it starts to matter and the common traps.
How do I get started?
Revenue recognition policy setup (ASC 606) is available as a Custom Project with fixed scope. Once your policy is set, your accountant works new contracts through the agent as they are signed.
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Revenue you can defend in diligence
30 minutes with a CPA. We'll look at your contracts and scope what ASC 606 means for your revenue.
