SpotDraft is an intuitive AI-powered platform that automates contract review and management in enterprises.

About

SpotDraft provides a holistic solution to meet the needs of the enterprise legal function such as: (a) Contract Creation: Companies can standardize their agreements and allow for new drafts to be created by simply filling out an intake form. (b) Contract Analysis: Upload contracts onto our platform and receive AI-powered suggestions on the good-bad-and-ugly of the contract based on the organization's own internal standards (c) Contract Management - Receive pro-active notifications of key contract action items and search through historical agreements in seconds instead of days. Today, companies spend an unnecessary amount of time and money to solve these problems - only to still be met with costly errors. SpotDraft utilizes state-of-the-art machine learning models to automate mundane work and improve the overall efficiency of organizations around the world.

Key Benefits

Companies leverage SpotDraft's AI platform to speed up both the contract creation and review process. Lawyers are given helpful suggestions on potential issues of the contracts that are under review thereby ensuring that all agreements meet the internal standards of the company before being executed. Additionally, via our contract management feature, relevant stakeholders receive proactive notifications and reminders on critical contract information like renewal date, due date, expiration date etc. - thereby minimizing the risk of both non-compliance or revenue leakage.

Applications

The SpotDraft Platform is market agnostic. Our ideal customer would be medium to large enterprises with the following set of characteristics: 1. Complex internal checks-and-bounds as a part of the contract execution flow 2. 1000+ employees with an overworked legal function 3. The requirement to review a large number of transactional agreements monthly 4. Openness to trying emerging technologies

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