Item: SpotDraft
Rating: 8
Author: Verified User

Use Cases and Deployment Scope

We use SpotDraft to manage all contracts within the company. The different types of contracts include - NDAs, sales contracts, partner agreements, advisory agreements, third-party vendor agreements, etc. The business problem that this solves is - we have a one-stop CLM tool at our disposal. We monitor different stages of a contract from drafting to negotiation to completion using one tool.

Pros and Cons

Show dashboards on contract life cycle
Manage all types of contracts at one place
Identify bottlenecks in contract process

Return on Investment

Time savings due to easier collaboration
Efficiencies that arise from identifying bottlenecks in contract life cycle

Alternatives Considered

SpotDraft came in highly recommended. So we purchased it directly.

Key Insights

Do you think SpotDraft delivers good value for the price?

Yes

Are you happy with SpotDraft's feature set?

Yes

Did SpotDraft live up to sales and marketing promises?

Yes

Did implementation of SpotDraft go as expected?

Yes

Would you buy SpotDraft again?

Yes

Usability

I don't know of any other tool that provides so much flexibility and delivers efficiency in CLM.

Support Rating

Support is decent, mostly the features are self explanatory.

Likelihood to Recommend

The best place to use SpotDraft is on contract negotiation. The entire life cycle of a contract negotiation is captured well on SpotDraft. Data is also crunched and displayed in dashboards. We get to prepare better first drafts of contracts when we know of areas which get heavily negotiated on.

Good CLM tool to drive efficiencies

Overall Satisfaction with SpotDraft