SpotDraft vs. VeriDoc Sign

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
SpotDraft
Score 8.2 out of 10
N/A
SpotDraft is an end-to-end contract automation platform that helps organizations draft, review, and manage contracts, from drafting to execution and beyond. The SpotDraft engine has been built to understand the context behind every uploaded contract. When uploading legacy contracts in bulk, or create a new contract, the platform automatically analyses key details and highlights them for preview. It also sets…N/A
VeriDoc Sign
Score 8.0 out of 10
N/A
A blockchain-secured eSignature solution utilising VeriDoc Global’s patented verification technology. A unique digital fingerprint of the document is stored on the blockchain and can’t be edited or tampered with. VeriDoc Sign allows companies to leverage blockchain technology to secure eSignatures. The solution is designed to improve efficiency by eliminating long wait times to print, sign, scan and send documents. The software requires no coding, existing software or special hardware.…N/A
Pricing
SpotDraftVeriDoc Sign
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
SpotDraftVeriDoc Sign
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Features
SpotDraftVeriDoc Sign
Contract Authoring
Comparison of Contract Authoring features of Product A and Product B
SpotDraft
8.3
1 Ratings
0% above category average
VeriDoc Sign
-
Ratings
Contract creation8.01 Ratings00 Ratings
Contract templates8.01 Ratings00 Ratings
Clause library/saved fields9.01 Ratings00 Ratings
Contract Collaboration
Comparison of Contract Collaboration features of Product A and Product B
SpotDraft
9.6
1 Ratings
13% above category average
VeriDoc Sign
-
Ratings
Contract sharing10.01 Ratings00 Ratings
Contract editing10.01 Ratings00 Ratings
Collaborating on contracts10.01 Ratings00 Ratings
Approval process10.01 Ratings00 Ratings
Interdepartmental workflows8.01 Ratings00 Ratings
Contract Monitoring
Comparison of Contract Monitoring features of Product A and Product B
SpotDraft
8.9
1 Ratings
5% above category average
VeriDoc Sign
-
Ratings
Contract database8.01 Ratings00 Ratings
Contract search10.01 Ratings00 Ratings
Contract milestone reminders & alerts8.01 Ratings00 Ratings
Custom contract reports8.01 Ratings00 Ratings
Tracking contract status9.01 Ratings00 Ratings
Compliance check10.01 Ratings00 Ratings
Best Alternatives
SpotDraftVeriDoc Sign
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Medium-sized Companies
PandaDoc
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Score 8.9 out of 10
MSB Docs
MSB Docs
Score 9.6 out of 10
Enterprises
DocuSign CLM
DocuSign CLM
Score 8.3 out of 10
Box
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Score 8.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
SpotDraftVeriDoc Sign
Likelihood to Recommend
8.0
(1 ratings)
8.2
(9 ratings)
Usability
10.0
(1 ratings)
-
(0 ratings)
Support Rating
8.0
(1 ratings)
-
(0 ratings)
User Testimonials
SpotDraftVeriDoc Sign
Likelihood to Recommend
SpotDraft
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.
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VeriDoc Global
VeriDoc Sign is well suited for any situation where a signer needs to prove identity and sign a document online without the need of a dependent document or any other witness. Online approval/verification processes are some of the use cases which are suited. VeriDoc Sign is less appropriate for situations where there is a need for a signer to provide physical identity proof to any Gov agencies (Legacy systems) and sign a document in person in the presence of a notary, such as to complete an application for a bank loan, Grant Fund request.
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Pros
SpotDraft
No answers on this topic
VeriDoc Global
  • VeriDoc allows you to see when your documents are online so that you can retrieve them faster and securely.
  • I love that VeriDoc makes your documents tamper proof so that you can rest assured that your documents are protected.
  • I also love that VeriDoc allows you to verify your documents with a QR Code.
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Cons
SpotDraft
No answers on this topic
VeriDoc Global
  • Customization of user interface.
  • Scheduled reminders not available and need to do it manually so far.
  • Add an expiry date to contracts which will expire the process.
  • Emails are being to spam.
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Usability
SpotDraft
I don't know of any other tool that provides so much flexibility and delivers efficiency in CLM.
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VeriDoc Global
No answers on this topic
Support Rating
SpotDraft
Support is decent, mostly the features are self explanatory.
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VeriDoc Global
No answers on this topic
Alternatives Considered
SpotDraft
SpotDraft came in highly recommended. So we purchased it directly.
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VeriDoc Global
VeriDoc Sign help us manage multiple users and reviewers to any single contract document. We do not have to worry about authenticity and traceability of the document. These features are not available in DocuSign or Adobe Acrobat. Unlike other softwares VeriDoc Sign is on blockchain and any activity will leave a trace.
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Return on Investment
SpotDraft
No answers on this topic
VeriDoc Global
  • Positive: low cost to try it out
  • Negative: learning curve wasted some of our time
  • Negative: led to extra time being processing signed documents
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ScreenShots

SpotDraft Screenshots

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