Workflow Manager: Available to all SpotDraft Users

We’re excited to announce that Workflow Manager is now available to all SpotDraft users who use the platform to manage their legal processes. 

Workflow Manager is a self-serve tool that allows SpotDraft users to manage and create workflows with a step-by-step rule-based workflow builder that’s highly intuitive to use. 

ICYMI: VerifAI by SpotDraft is here!

VerifAI is a Microsoft Word Add-in by SpotDraft that helps you review contracts faster. It uses generative AI to review contracts against your personal guidelines and answer open-ended questions.

You can use VerifAI for free until 30 November 2023. Get access here. 

Editor 2.0: SpotDraft’s Editing Experience Gets Huge Updates

Your contract editing and saving interactions will soon see a significant UX improvement. We're introducing significant updates to the in-app contract editor by SpotDraft:

  • Updated DraftMate Add-in for SpotDraft: Enhances collaboration with revamped commenting and mentioning.
  • Improved Contract-Saving: Redesigned interface with autosave ensures access to the latest versions.

Improvements to SpotDraft Clickthrough

 🚀 Introducing Clickthrough's Separate Repository View in SpotDraft!

Clickthrough contracts are now distinct from daily contracts in SpotDraft, with dedicated search and reporting for efficient management.

🔄 Introducing Clickthrough Re-Acceptance Feature!

Users can now obtain re-acceptance for the current agreement version, including from those who consented to past versions. The SDK offers click wrap acceptance tracking, allowing for notifications on updates, and simplifies specifying re-acceptance for the latest version anytime.

Lex by SpotDraft: Professional services, on demand!

We’ve just launched our new professional services arm, Lex - a team of 100+ vetted legal professionals you can access on demand to execute legal tasks swiftly, efficiently, and at a fraction of the cost. Think:

  • Contract Creation: drafts, templates, renewals, addendums, and playbooks.
  • Negotiation and Execution: review and redline, e-signatures, estamping.
  • Administration: access control, workflow management, contract data management, reminders, and reporting.
  • CLM Adoption: requirements gathering, cross-team collaboration, help desk, training, plan,  delivery, and go-live.

Enhanced by our AI, the Lex team can complete tasks as fast as 24 hours, starting from just $49/hr.

Learn more here.

Other Updates

  1. Bulk Invite users to SpotDraft – Introducing a new intuitive UI for bulk invites: enter details individually or copy-paste from a spreadsheet to invite a few or many users to your workspace.
  2. Checkboxes with Signature – SpotDraft users can now collect signatures with an option to add checkbox fields while sending contracts for signatures. 

Core Features
What It Does
Centralized contract repository
Intelligent database with full-text search, metadata filtering, and single source of truth for all contracts across the organization.
Template Management and Clause Libraries
Pre-approved templates and reusable clause libraries that capture institutional knowledge and ensure consistency
Workflow Automation and Approval Routing
Automated routing of contracts through predefined approval chains based on contract value, risk level, or other criteria.
Electronic Signature Integration
Built-in or integrated e-signature capabilities for legally binding execution without leaving the platform.
Version Control and Redlining
Automatic tracking of every version, change, and contributor with side-by-side comparison capabilities.
 Feature
Details
 Present  Missing
Parties and Scope of Work
Defines who is bound by the contract and the exact obligations or deliverables involved.
Parties and Scope of Work
Defines who is bound by the contract and the exact obligations or deliverables involved.
Parties and Scope of Work
Defines who is bound by the contract and the exact obligations or deliverables involved.
Parties and Scope of Work
Defines who is bound by the contract and the exact obligations or deliverables involved.

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