SpotDraft has been named to the prestigious list of Fast Company’s Most Innovative Companies for the year 2024.

We're the only CLM to be given this recognition and it marks a key milestone in our mission to transform the in-house legal sector. Fast Company’s Most Innovative Companies list stands as the publication's hallmark franchise and one of its most eagerly awaited editorial projects of the year. Through a rigorous selection process, Fast Company’s editors and writers seek out businesses around the globe that drive change across industries. This year’s list is a comprehensive guide to today’s innovation landscape, showcasing companies from early-stage startups to some of the world’s most valuable firms.

“At SpotDraft, we aim to merge the best of human insight with AI’s efficiency, freeing up teams to tackle the work that truly matters. This nod from Fast Company shines a light on our commitment to innovation. By automating routine legal tasks, we're not just building software; we're empowering businesses to focus on innovation and growth, secure in their legal footing.”

~ Shashank Bijapur, CEO and Co-Founder, SpotDraft

Since its foundation, SpotDraft has been at the forefront of innovation in the legal industry, offering solutions that automate and manage contract management and review. Our AI-powered platform has been instrumental in helping businesses save time, reduce costs, and minimize legal risks.

“As we continue to advance, our focus remains on developing user-friendly, efficient, and effective solutions for in-house legal teams. The recognition by Fast Company is an honor and motivation to continue pushing the boundaries of what is possible with legal technology.”

~ Rohith Salim, Co-Founder and CPO, SpotDraft

For more information about SpotDraft and our solutions, visit www.spotdraft.com.

About SpotDraft:

SpotDraft is an AI-powered CLM platform that accelerates contract creation, analysis, and management. By combining cutting-edge technology with legal expertise, SpotDraft aims to make legal work more efficient, accurate, and accessible for businesses of all sizes. 

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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