SpotDraft Review
What is SpotDraft?
SpotDraft is a contract management platform that provides a smart and automated way for business, legal, and sales teams to generate, review, manage and collaborate on contracts. You can upload existing contracts, create contract templates, and set the data fields that can be changed in the contracts.
SpotDraft allows you to automatically extract key information from contracts and identify errors committed when they were drafted. You can implement condition-based workflows for approving contracts, collect digital signatures, and set automatic notifications and reminders. Collaborating on contracts is made easy as well through features like the ability to track all changes and edits made to a contract and add notes and comments for team members, counterparties, and stakeholders,
You can store all your contracts on a secure cloud-based repository and access them from any device anywhere and anytime. SpotDraft also integrates with your existing processes and tools.
Show MoreOverview of SpotDraft Benefits
Instant Contract Generation and Review
SpotDraft enables you to instantly create contracts so you can focus on more important matters. You can create custom templates out of the contracts you uploaded into the platform. These contract templates contain data fields that can be edited to indicate what information and details can be changed in the contracts.
The platform also permits you to review and analyze drafted contracts through artificial intelligence. It can automatically pull and show definitions from contracts and reference them in the right context. Moreover, SpotDraft checks your contracts for drafting errors such as unused, repeated, or mismatched definitions.
Streamlined Contract Processes
SpotDraft automates manual and repetitive contract workflows. For instance, you can implement contract approval processes that are automatically triggered based on any conditions you set, like the criticality of the contract, cost of the deal, or jurisdiction involved. To speed up contract execution, you can integrate your e-signature applications with SpotDraft or use its native e-signature solution.
You’re given the capability to set reminders so you won’t miss important obligations and dates such as contract expirations and renewals. This way, you’ll be able to prepare ahead of time and get an edge in the negotiations. You can also receive notifications when contracts are changed or edited or their status is updated.
Seamless Collaboration
SpotDraft makes it easy for you to work with team members, counterparties, and stakeholders in handling contracts. You can keep a tamper-proof record of all activities and changes throughout your contract processes. This allows you to determine which individuals edited the contract, what specific parts of it were changed, and when those changes or edits were made.
You can also leave notes and comments about the contracts and download the annotated contracts in any format. Through the platform’s mail merge feature, contract templates can be delivered to various counterparties at once with just a single click. Furthermore, SpotDraft provides a dashboard where you can conveniently view and manage contracts from different teams.
Show MoreOverview of SpotDraft Features
- Contract Creation
- Contract Templates
- Triggered Workflows
- Reminders & Notifications
- AI-Assisted Review
- Draft Error Checker
- Audit Log
- Version Control
- Comments
- E-Signature
- Smart Search
- Dashboard
- Cloud Storage
Awards & Quality Certificates
SpotDraft Position In Our Categories
Bearing in mind businesses have distinct business wants, it is only wise they avoid choosing a one-size-fits-all, ideal software. Regardless, it would be difficult to try to stumble on such a software product even among branded software products. The right step to undertake should be to make a list of the numerous critical aspects which call for a deliberation including crucial features, packages, technical skill competence of the users, organizational size, etc. Then, you must conduct your product research through and through. Browse over these SpotDraft evaluations and look into each of the applications in your shortlist more closely. Such well-rounded product investigation guarantee you steer clear of ill-fitting apps and subscribe to the one which has all the features your company requires.
Position of SpotDraft in our main categories:
TOP
50
SpotDraft is one of the top 50 Contract Lifecycle Management (CLM) Software products
If you are considering SpotDraft it may also be a good idea to investigate other subcategories of Contract Lifecycle Management (CLM) Software gathered in our base of B2B software reviews.
Every enterprise has its own characteristics, and may require a particular type of Contract Lifecycle Management (CLM) Software solution that will be adjusted to their company size, type of clients and employees and even particular industry they deal with. It's not wise to count on locating an ideal software that will work for every business no matter what their background is. It may be a good idea to read a few SpotDraft Contract Lifecycle Management (CLM) Software reviews first and even then you should keep in mind what the software is intended to do for your business and your employees. Do you need an easy and intuitive app with just basic features? Will you actually make use of the advanced tools needed by pros and large enterprises? Are there any particular features that are especially beneficial for the industry you operate in? If you ask yourself these questions it will be much easier to locate a reliable software that will fit your budget.
How Much Does SpotDraft Cost?
SpotDraft Pricing Plans:
Free Trial
Quote-based Plan
Contact vendor
What are SpotDraft pricing details?
SpotDraft Pricing Plans:
Free Trial
Quote-based Plan
Contact vendor
SpotDraft’s SME and enterprise pricing information is only available upon request.
User Satisfaction
Positive Social Media Mentions
28
Negative Social Media Mentions
0
We are aware that when you make a decision to get a Contract Lifecycle Management (CLM) Software it’s important not only to learn how professionals evaluate it in their reviews, but also to find out if the real clients and enterprises that use it are indeed content with the product. Because of that need we’ve created our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and SpotDraft reviews across a broad range of social media sites. The information is then displayed in an easy to digest form showing how many customers had positive and negative experience with SpotDraft. With that information at your disposal you will be prepared to make an informed purchasing choice that you won’t regret.
Technical details
Devices Supported
- Web-based
Deployment
- Cloud Hosted
Language Support
- English
Pricing Model
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for SpotDraft?
SpotDraft integrates with your existing tools, including CRM and e-signature apps. You can request a demo from the vendor.
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