SpotDraft

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 automatic reminders so users never miss a renewal or expiry date.

The native SpotDraft Legal Editor is designed to help make contract creation easy by analyzing and looking for inconsistencies - be it a missing clause, an undefined term, or a contracting conflict. It also provides recommendations to rectify errors and foolproof contracts.

The platform also features active audit-trail management with version control, real-time collaboration capabilities, and e-signatures. All contracts (uploaded or created) are tagged with appropriate data to make searching legacy and active contracts an easy task.

The vendor states modern legal teams are leveraging the SpotDraft platform to reduce their contract turnaround times by up to 90%. With SpotDraft, business teams automate multiple time-consuming processes across a contract lifecycle.