How it Started:

The online, skill-based gaming industry is still in its early stages of regulation. Gameskraft, with its small legal team of five, faced challenges managing over 300 contracts annually.

Before adopting a CLM tool, Gameskraft managed contracts solely through emails. This disorganized system made it difficult to keep up with contract requests, leaving the legal team overwhelmed. Locating a contract or its metadata became a significant challenge when needed.

Watch what our partners at Gameskraft have to say:

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Gameskraft’s Challenges:

‍₀₁ Disorganized Storage of Contracts:

“Before we onboarded a CLM tool, we relied on emails. Contracts were scattered everywhere, making it hard to locate a specific contract when needed.”

Managing contracts via email led to inefficiencies in storing and retrieving them. Gameskraft needed a centralized, user-friendly solution that both legal and business teams could easily adopt.

“During our search for a CLM tool, we evaluated around seven options. We chose SpotDraft for its decluttered interface and ease of use, particularly for our business teams.”

Aditi Kapoor, Director, Legal, Gameskraft

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₀₂ Challenges in Business-Legal Collaboration:

“With emails exchanged back and forth, tracking contract requests from different business teams was challenging. Our priority was finding a CLM tool that both business teams and the legal team could use effectively.”

The legal team struggled to track numerous contract requests in their inboxes, making it difficult to assess compliance and execution status. They needed a streamlined process to collaborate efficiently with business teams.

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₀₃ Time-Consuming Manual Operations:

“We used to manually create contracts and input metadata ourselves.”

The legal team spent considerable time searching for contracts and entering metadata manually. They needed a tool that would eliminate these repetitive tasks and answer questions like, “Where is this contract?” “Has it been executed?” and “What does it say?”

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₀₄ Limited Autonomy for Business Teams:

“Even standard contracts required a lengthy process, with business team members physically visiting the legal team for every request.”

Gameskraft handles many standard contracts, such as long-term admin and marketing agreements. The legal team aimed to empower business teams to manage these routine agreements independently.

How SpotDraft Helped:

‍₀₁ A Secure, User-Friendly Contract Repository:

Gameskraft executes 200 to 300 contracts annually, processing 30-50 contracts monthly from start to finish. SpotDraft provided a secure, user-friendly platform to store and retrieve contracts and metadata as needed.

₀₂ Streamlined Contract Request Process:

SpotDraft significantly improved the efficiency of raising, managing, and tracking contract requests. It enhanced collaboration between business and legal teams, reducing email chaos and the stress of tracking contract stages.

“Thanks to SpotDraft, we save over 10 hours each week. Our contract lifecycle management efficiency has increased by 70-75%.”

Aditi Kapoor, Director, Legal, Gameskraft

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₀₃ AI and Automation for Contracting Efficiency:

SpotDraft automates the metadata entry process, which was previously manual. The tool now reads contracts and fills in data automatically, allowing Gameskraft to easily answer questions like, “What is the payment cycle?” “What are the cancellation terms?” and “What is the contract term?” This innovation has made contract management more efficient.

"My favorite feature of SpotDraft is the AI that updates contract metadata. It saves me so much time daily as a legal professional by capturing essential contract information after it's signed and executed."

Meghna De, Associate Counsel, Gameskraft

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₀₄ Self-Serve Contracts:

SpotDraft empowered business teams, such as HR, Marketing, and admin teams to handle standard contracts independently. This autonomy saved time and minimized back-and-forth communication between legal and business teams. A big accomplishment is that they are able to create routine contracts without the intervention of legal.

What’s Next for Gameskraft:

In the coming months, Gameskraft plans to automate more processes, template more contracts, and further increase efficiency. As regulations for online skill-based gaming evolve, they aim to partner with SpotDraft to stay current. The ultimate goal is to optimize their processes to the fullest.

“The transition to SpotDraft has been a game changer. I now focus more on strategic advisory roles, as manual tasks have significantly decreased.”

Meghna De, Associate Counsel, Gameskraft