FAQs

OCR alone provides limited value for financial document processing as it only extracts text without understanding its context. OCR struggles with imperfect scans, handwritten notes, and complex financial clauses. Skylark AI goes beyond OCR by applying advanced Vision LLM models and AI-driven document intelligence to interpret financial obligations, contractual terms, and revenue recognition elements with high accuracy.

While CLM solutions offer some automation, they are general-purpose tools designed for legal and procurement teams rather than financial professionals. Most CLM platforms lack deep AI-driven financial data extraction and integration with revenue recognition workflows. Skylark AI is purpose-built for finance and accounting teams, offering seamless compatibility with existing financial systems while providing a comprehensive AI-driven review of contracts, invoices, and financial statements.

Our goal is to minimize the burden on your team. Skylark AI’s onboarding process is streamlined, and the platform typically delivers value within 4-8 weeks. From the initial engagement to full implementation, organizations can quickly realize benefits such as improved financial accuracy, reduced manual workload, and enhanced compliance.

Skylark AI automates the most complex and time-consuming aspects of financial document review:

• Automated Contract & Invoice Review: Skylark AI scans all financial documents, extracting key financial terms, dates, fees, and non-standard clauses.
• Revenue Recognition Compliance: The system automatically assesses contracts against revenue recognition policies, flagging transactions that require review.
• Discrepancy Identification: Skylark AI validates extracted data against ERP and CRM records, ensuring accuracy.
• Workflow Automation: Built-in workflow automation enables seamless collaboration, ensuring that financial documents move through approval processes efficiently while maintaining a complete audit trail.

Unlike traditional OCR and CLM tools, Skylark AI reads, understands, and extracts key financial data exactly as a finance professional would. The platform is trained on vast amounts of financial data and supports the interpretation of complex contractual terms, revenue recognition rules, and financial compliance requirements.

The implementation process is straightforward. Our team collaborates with key stakeholders in your finance and IT departments to understand your existing workflows. We conduct data analysis in a secure sandbox environment to determine which files need processing, validate data against CRM and ERP records, and then transition to full production. Ongoing support is provided to optimize system accuracy and efficiency.

Skylark AI is designed with revenue recognition standards such as ASC 606 and IFRS 15. The system automatically extracts relevant revenue-related terms from contracts and invoices, mapping them to predefined compliance checklists. Skylark AI also minimizes human errors, reducing the risk of financial misstatements and audit issues. Organizations using Skylark AI benefit from automated compliance enforcement, improving transparency for auditors.

Skylark AI consolidates financial documents into a single, intelligent system of record. It serves as a central hub for financial data, ensuring consistency across multiple systems. The platform structures and categorizes financial documents, creating a comprehensive, searchable repository for audits, reporting, and compliance verification.

Skylark AI seamlessly integrates with financial platforms, including:

• ERP Systems: SAP, Oracle, NetSuite, Workday
• CRM Systems: Salesforce, Microsoft Dynamics
• Billing & Procurement Platforms: Coupa, Ariba, Bill.com
• Financial Reporting Systems: BlackLine, Anaplan

Powered by Alpha AI’s Network Automation Platform (NAP), Skylark AI ensures secure, real-time connectivity between internal financial systems, eliminating data silos and improving financial accuracy.

Skylark AI’s Document Intelligence extends beyond simple text extraction. Our AI models are trained to:

• Recognize complex financial clauses and contractual obligations
• Interpret revenue recognition rules and payment terms
• Identify anomalies in financial documents
• Automate categorization based on entity, contract type, and compliance risk

With Alpha AI’s NAP integration, Skylark AI can be deployed within 4-8 weeks, depending on data complexity and organizational requirements. Our deployment process includes:

• Financial Data Mapping: Identifying key financial document sources.
• Custom AI Model Training: Tailoring AI models to match your financial workflows.
• Automated Ingestion & Validation: Ensuring audit-ready document processing.

Yes, Skylark AI follows industry-standard SOC 1 & SOC 2 compliance protocols, ensuring:

• Secure data storage and access controls.
• End-to-end encryption for financial documents.
• Real-timAutomated compliance tracking and audit readiness.e compliance enforcement and audit readiness.

We use Role-Based Access Control (RBAC), the principle of least privilege, and Multi-Factor Authentication (MFA) on privileged accounts. We also conduct quarterly Access Reviews to confirm permissions remain valid. (Access Control Policy)

We store data in encrypted databases (AES-256 at rest, TLS/HTTPS in transit) on AWS or similar cloud platforms. We classify data (Confidential, Restricted, Public) to ensure each category gets the right protective measures. (Cryptography Policy, Data Management Policy)

By default, no. If absolutely necessary, we anonymize or mask any production data before using it in dev/test. (Data Management Policy, Secure Development Policy)

We revoke all system access within 24 business hours of termination or role change. This is tied to an offboarding checklist overseen by HR and IT. (Access Control Policy)

Our Business Continuity & Disaster Recovery Plan specifies key roles, backup and restoration procedures, and RTO/RPO targets. We test these plans annually to ensure we can restore critical operations quickly. (Business Continuity & Disaster Recovery Plan)

We follow an Incident Response Plan with clearly defined severities (P0, P1, etc.). Our Incident Response Team contains, eradicates, and recovers affected systems, and we notify relevant parties if needed. (Incident Response Plan)

We do risk assessments and require contractual security commitments from all vendors. Access is strictly limited to what’s necessary, and we have clear vendor offboarding procedures. (Third-Party Management Policy)

All employees undergo annual security awareness training and sign our Information Security Policy (AUP). We do periodic internal audits and track compliance in performance reviews for certain roles. (Human Resource Security Policy, Information Security Policy)

We deploy endpoint protection, intrusion detection/response in production, conduct regular vulnerability scans, patch promptly, and use file integrity monitoring to catch abnormal changes. (Operations Security Policy)

We have defined roles for the CTO, DevOps Lead, Head of Operations, and other key stakeholders. Ultimate accountability sits with executive leadership. (Information Security Roles & Responsibilities)

We conduct annual policy reviews, factoring in new threats, regulations, and risk assessment findings. (Risk Management Policy)

Yes. We keep audit logs, access reviews, and change management records. Under an NDA, we can share relevant summaries (e.g., vulnerability scan findings). (Access Control Policy, Asset Management Policy, Incident Response Plan)

We follow a Secure Development Policy requiring peer reviews, pull-request approvals, and role-based access for our GitHub repositories. Only authorized developers have commit rights, and each commit goes through security checks. (Secure Development Policy)

No. We maintain logically isolated data sets for each client. Our Access Control Policy and data tagging ensure one client’s information can’t be accessed or confused with another’s. (Access Control Policy, Data Management Policy)

We have red-flag checks in place for imports. If the system detects inconsistencies, we prompt users to review or adjust extraction results. Users can also open a support ticket to correct any ingestion issues. (Internal best practices; user guidance)

Our Business Continuity & Disaster Recovery Plan covers frequent backups and tested restore procedures. If data is lost, we restore the latest backup, minimizing downtime and data gaps. (Business Continuity & Disaster Recovery Plan)

Only staff with a legitimate business need can view client data. This is enforced via least privilege access controls and frequent audits. (Access Control Policy)

We retain client data as long as necessary for contractual services or legal requirements. Once no longer needed, we securely delete or anonymize it under our Data Management Policy. (Data Management Policy)