Contract Wizard Training Demo - Carbon Lab

< Carbon Lab

Contract Wizard Training Demo

1

Step 1

Show Examples

2

Step 2

Review & Correct

3

Step 3

Automate

Step 1: Show Examples

Upload 10-20 past contracts so your Side-Kick can learn YOUR patterns for identifying performance obligations and revenue recognition.

SaaS_Contract_Acme_Corp.pdf

3-year subscription + implementation services

2 obligations Multi-year Ratable

• Learned

Enterprise_License_GlobalTech.pdf

Perpetual license + 1-year support

2 obligations Perpetual Upfront + Ratable

• Learned

Professional_Services_Startup_Inc.pdf

Fixed-fee consulting engagement

1 obligation % Complete

• Learned

+ 7 more contracts...

• All Learned

🧠 What Your Side-Kick Learned:

Pattern Recognition:

• SaaS subscriptions > Ratable over term
• Professional services > % completion or milestone
• Implementation fees > Distinct or bundled

Your Company Rules:

• Setup fees ≥ $5K > Separate obligation
• Support always bundled with licenses
• Training billed separately if requested

Step 2: Review & Correct

Now your Side-Kick will try analyzing a NEW contract. Review its work and make corrections. It learns from every fix.

NEW: Enterprise_Deal_MegaCorp.pdf

$500K annual subscription + $75K implementation + $25K training

Contract signed: Jan 15, 2026 | Term: 2 years

Side-Kick's Analysis:

PERFORMANCE OBLIGATION #1

SaaS Subscription

NEEDS CORRECTION

Transaction Price:

$1,100,000

Recognition:

Ratable over 24 months

Your Correction:

Should be $1,000,000 (subscription only). Implementation and training are separate obligations per your company policy.

PERFORMANCE OBLIGATION #2

Implementation Services

• YOU ADDED

Transaction Price:

$75,000

Recognition:

% Complete (estimated 3 months)

PERFORMANCE OBLIGATION #3

Training Services

• YOU ADDED

Transaction Price:

$25,000

Recognition:

Point in time (when delivered)

Side-Kick Updated Its Model:

• Learned: Implementation fees ≥$5K are always separate obligations
• Learned: Training is distinct when separately priced
• Pattern reinforced: SaaS subscription = ratable recognition
• Confidence increased: 85% > 92% for multi-element contracts

Generated Output (After Your Corrections):

REVENUE RECOGNITION MEMO

Enterprise_Deal_MegaCorp.pdf

Contract Overview:
Total Contract Value: $1,100,000
Term: 2 years (Jan 15, 2026 - Jan 14, 2028)
Customer: MegaCorp Inc.

Performance Obligations Identified:

SaaS Subscription - $1,000,000 (2-year term)
Recognition: Ratable over 24 months ($41,667/month)
Implementation Services - $75,000 (distinct obligation per company policy for fees ≥$5K)
Recognition: Percentage of completion (estimated 3 months)
Training Services - $25,000 (separately priced, distinct)
Recognition: Point in time when training delivered

ASC 606 Analysis:
The contract contains three distinct performance obligations based on the following criteria:

Each service is separately identifiable and customer can benefit from each independently
Implementation and Training are not integral to SaaS functionality
Company policy treats implementation fees ≥$5K as separate obligations

Revenue Recognition Pattern:

Jan 2026: $41,667 (subscription) + POC% × $75K (implementation)
Feb-Dec 2026: $41,667/month (subscription) + remaining implementation
Training: Recognized upon delivery (estimated Q2 2026)
Jan 2027-Jan 2028: $41,667/month (subscription only)

Prepared by: Side-Kick AI (Contract Wizard)
Date: January 16, 2026
Confidence: 96%

INITIAL BOOKING - JANUARY 15, 2026

Account	Debit	Credit
Accounts Receivable	$1,100,000.00	—
Deferred Revenue - Subscription	—	$1,000,000.00
Deferred Revenue - Implementation	—	$75,000.00
Deferred Revenue - Training	—	$25,000.00
TOTAL	$1,100,000.00	$1,100,000.00

MONTHLY RECOGNITION - JANUARY 2026

Account	Debit	Credit
Deferred Revenue - Subscription	$41,666.67	—
Revenue - SaaS Subscription	—	$41,666.67
TOTAL	$41,666.67	$41,666.67

Note: Implementation revenue recognized monthly based on % completion. Training revenue recognized upon delivery.

24-MONTH REVENUE RECOGNITION SCHEDULE

Month	Subscription	Implementation	Training	Total
Jan 2026	$41,667	$25,000	—	$66,667
Feb 2026	$41,667	$25,000	—	$66,667
Mar 2026	$41,667	$25,000	—	$66,667
Apr 2026	$41,667	—	$25,000	$66,667
May 2026	$41,667	—	—	$41,667
... continues for 24 months ...
Jan 2028	$41,667	—	—	$41,667
TOTAL	$1,000,000	$75,000	$25,000	$1,100,000

* Training revenue recognition timing estimated based on typical delivery schedule

Step 3: Automate & Scale

After 2-3 weeks of training, your Side-Kick now handles 90%+ of contracts automatically. You only review exceptions.

Today's Processing Queue

23 contracts processed automatically

Standard_SaaS_Contract_ClientA.pdf

2-year subscription • $120K ARR

• Auto-processed

95% confidence

COMPLETE

>

Enterprise_License_ClientB.pdf

Perpetual + Support • $450K

• Auto-processed

97% confidence

COMPLETE

Complex_Deal_ClientC.pdf

Multi-year with usage tiers • $2.5M

Needs Review

68% confidence

REVIEW

Uncertain about: Usage-based revenue allocation across tiers

+ 20 more contracts auto-processed

• All Complete

CONTRACT DETAILS

Standard_SaaS_Contract_ClientA.pdf

2-year subscription • $120K total • Auto-processed Jan 16, 2026

Performance Obligations:

SaaS Subscription

$120,000 • Ratable over 24 months

$5,000/month revenue

Recognition Summary:

Start Date: Jan 15, 2026

End Date: Jan 14, 2028

Monthly Revenue: $5,000

Q1 2026 Total: $15,000

INITIAL BOOKING

Account	Debit	Credit
Accounts Receivable	$120,000	—
Deferred Revenue	—	$120,000

MONTHLY RECOGNITION

Account	Debit	Credit
Deferred Revenue	$5,000	—
Revenue - SaaS	—	$5,000

Export to Accounting System:

Download Files:

API Integration:

Webhook URL configured:

https://your-company.com/api/revenue-recognition

• Auto-sync enabled • Last synced: 2 minutes ago

Performance This Month

94%

Auto-Processed

342 of 364 contracts

97%

Accuracy Rate

When reviewed

68 hrs

Time Saved

vs. manual processing

Continuous Improvement

Your Side-Kick keeps learning from every correction you make:

Month 1 (Training):

60% accuracy • Heavy review needed

Month 2:

85% accuracy • Moderate review

Month 3 (Now):

97% accuracy • Light review

Month 6 (Projected):

99%+ accuracy • Exceptions only

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Ready to Train Your Own Side-Kick?

This demo showed Contract Wizard, but the same training process works for ALL finance roles.

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