Good CLM tool to drive efficiencies
September 02, 2022

Good CLM tool to drive efficiencies

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with SpotDraft

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

  • Show dashboards on contract life cycle
  • Manage all types of contracts at one place
  • Identify bottlenecks in contract process
  • Time savings due to easier collaboration
  • Efficiencies that arise from identifying bottlenecks in contract life cycle
SpotDraft came in highly recommended. So we purchased it directly.

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

I don't know of any other tool that provides so much flexibility and delivers efficiency in CLM.
Support is decent, mostly the features are self explanatory.
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.

SpotDraft Feature Ratings

Contract creation
8
Contract templates
8
Clause library/saved fields
9
Contract sharing
10
Contract editing
10
Collaborating on contracts
10
Approval process
10
Interdepartmental workflows
8
Contract database
8
Contract search
10
Contract milestone reminders & alerts
8
Custom contract reports
8
Tracking contract status
9
Compliance check
10

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