SpotDraft

TL;DR

• AI-powered contract management platform for fast-growing businesses
• Automates contract lifecycle from creation to signing and storage
• Reduces turnaround time by up to 80% with intelligent workflows and AI-driven reviews
• Suitable for legal, sales, finance, HR, and procurement teams in SaaS, EdTech, FinTech, HRTech, and HealthTech companies

What is SpotDraft

SpotDraft is an AI-powered Contract Lifecycle Management (CLM) platform that centralizes and automates contract creation, negotiation, approval, signing, and storage. It leverages AI to extract contract data, flag risks, accelerate reviews, and provide actionable insights, enabling legal teams to reduce administrative workload and letting business teams self-serve routine contract tasks.

Key Features

• SpotDraft AI Suite: Extracts 1000+ contract properties and spots negotiation red flags with AI playbooks
• Automated Workflows: Conditional templates and approval automation for faster contract processing
• VerifAI: AI-assisted contract review directly within Microsoft Word, 15x faster than manual review
• Centralized Repository: Secure, searchable hub with precise access controls
• Contract Editor: Real-time collaboration, version control, redlining, and integration with Slack and Word
• E-Signatures: Legally binding digital signatures compliant with ESIGN, EIDAS, and Aadhaar
• Analytics & Reporting: Pre-built dashboards and custom report generation for lifecycle and workflow metrics
• Integrations: 30+ native integrations including Salesforce, HubSpot, Slack, Google Drive, DocuSign, and Jira

Who is SpotDraft for?

• Legal teams aiming to reduce administrative overhead
• Sales teams accelerating deal closure
• Finance teams tracking contract-related obligations
• HR departments managing employment contracts and NDAs
• Procurement teams managing vendor contracts and renewals
• Fast-growing companies (50–1000+ employees) in SaaS, EdTech, FinTech, HRTech, HealthTech

Key Use Cases & Applications

• Automating high-volume sales contracts and NDAs
• Managing vendor procurement contracts with reminders and spend tracking
• Streamlining employment contract generation and onboarding
• Creating self-service contract workflows for routine agreements
• Conducting AI-powered contract reviews for compliance
• Building searchable repositories for legacy contract migration
• Generating real-time analytics for strategic decision-making
• Implementing click-through agreements for TOS and privacy policies

Pros

• Up to 80% reduction in contract turnaround time
• Intuitive interface with minimal training required
• Comprehensive AI suite combining data extraction and negotiation intelligence
• Enterprise-grade security (SOC 2 Type II, ISO 27001, GDPR)
• Unlimited contract storage and extractions
• Native Microsoft Word integration via VerifAI
• Pre-built dashboards provide immediate insights

Cons

• AI primarily optimized for English-language contracts
• Contract template setup may be time-consuming for complex organizations

Pricing Info

Custom pricing; must contact SpotDraft sales