Ever wondered about the AI behind SpotDraft? We benchmarked and compared the top Large Language Models for different legal tasks, and discussed how we choose the best.

On the product side, we've made a ton of exciting new updates, so go on, dive right in!

AI-Powered Descriptions for Metadata Extraction

Smart Data Capture on SpotDraft can extract any contract metadata without needing time-consuming training processes. Instead, it relies on natural language descriptions from users, as easy as explaining what you're looking for to a human.

Now, we’ve introduced AI-powered auto-generation and enhancement of metadata descriptions. SpotDraft AI takes your inputs and enhances them to create more accurate, and LLM-friendly descriptions of the contract metadata you want to extract. 

Revamped Org Settings for Better Navigation

We’ve made navigating settings easier by splitting “Organization” into two distinct sections. Previously, managing workspace names, logos, and entities was grouped together, leading to confusion. Now, "Entities" has its own tab, and "Organization" has been renamed to “Workspace Profile” to better reflect its internal focus.

Select Your Party on VerifAI for More Accurate Contract Reviews

We’ve enhanced VerifAI’s accuracy by allowing users to specify the party they represent (for eg. Vendor or Customer). With this additional context, VerifAI tailors its review and suggestions based on the party, improving the overall accuracy by ~5%. 

Save Progress in Template Questionnaires

We’ve added a “Save All Responses” button to template questionnaires, so you can now save your progress at any point.

If you need to step away, your responses will be saved, allowing you to pick up where you left off when you return.

Other Cool Stuff

  • You can now download data directly from your Contract Analytics dashboards as a CSV, allowing you to perform additional analysis if needed.
  • Track Changes are now enabled by default in the Only Office editor preview, ensuring all edits are visible by default
  • Introduced breadcrumb navigation across the product to make navigation easier
  • On the Activity Log, pressing Shift + Enter now adds a new line - allowing you to type longer messages.
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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