SpotDraft

SpotDraft is contract automation and management software that can help businesses of all sizes create, store and analyze contracts more easily. The company's idea is to free up employees from tedious work and to have a single system of record for all contracts.

SpotDraft has a family of products for different aspects of contract management:

• SpotDraft CLM: Automates contract creation and management to speed up deal closing.
• VerifAI Contract review: Uses AI to rapidly and accurately review contracts.
• SpotDraft Clickthrough: Makes it easy to accept contracts for high-volume contracts.

The software lets teams create and send contracts in a matter of minutes, with preconfigured workflows to ensure compliance and speed up turnaround times. Among other features:

• Templates: Use templates to create high-volume contracts that can be customized.
• Workflows: Automate contracting processes with preconfigured workflows.
• ESignatures: Create legally binding contracts with electronic signatures.
• Reporting: Create custom contract reports on the fly.
• Repository: Store all contracts in one place.
• Integrations: Connect with tools like CRMs, HRMs and eSignature tools.
• Contract Analytics: Get data-driven insights from contracts.

SpotDraft is geared for several teams within an organization:

• Legal: Automate contracting processes, create a single source of truth for contracts and measure legal value.
• Sales: Create error-free sales contracts within the CRM and close deals faster.
• Finance: Use contract data to get visibility into cash flow and make better financial decisions.
• Procurement: Manage vendor contracts more efficiently and streamline creation, renewal and negotiation processes.
• HR: Centralize and standardize employee contracts and manage them more effectively.

SpotDraft is for businesses in a variety of industries, including SaaS, HRTech, EdTech, HealthTech and FinTech. It can integrate with a variety of tools, so it can accommodate different organizational needs.

The company doesn't reveal pricing details, but you can sign up for a demo to try the software and assess whether it's right for your business.

With a unified contract management system, SpotDraft hopes to help businesses of all sizes automate contracting, cut risk and improve efficiency.

Published on August 12, 2024