Fall 2024 Release

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Updates and new features to make creating, managing and reviewing contracts easier.
Vendor agreement clause marked as meeting a one-year term guideline, with the reason shown
Word offline review syncing online, showing version 1 being edited and version 2 updated
Metric library showing contracts expiring month on month and reviews completed at 65%

Fall 2024 Release

Updates and new features to make creating, managing and reviewing contracts easier.
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Vendor agreement clause marked as meeting a one-year term guideline, with the reason shown
Word offline review syncing online, showing version 1 being edited and version 2 updated
Metric library showing contracts reviewed month on month and reviews completed at 66%

SpotDraft AI

Review contracts much faster, and quickly extract information from your contracts
AI Powered Playbooks
Create a custom contract review playbook in one click. Our AI uses your standard contracts as a framework to instantly create guidelines that align perfectly with your organizational standards
Party-Specific AI Review
Select your role in a contract, receiving more personalized and accurate AI suggestions that favor your position.
Party details form choosing between client and service provider, beside a woman at a laptop
Real-Time Document Sync
VerifAI now analyses contracts in real-time. It compares every edit against your playbook, and instantly updates issues into checkmarks when you resolve them - so you can easily see what's left to address.
Expanded Extraction Capabilities
SpotDraft AI now automatically extracts the Contract Type, Counterparty and Entity from all* uploaded contracts at no extra cost, giving you perfectly organized contract data. Smart Data Capture on SpotDraft can extract 1000+ other contract metadata properties.
Summary of Changes
Instantly see what's changed when a contract is returned. SpotDraft summarizes key changes and estimates review time, helping you prioritize the most important issues.
AI summary of changes between contract versions 1 and 2, including a changed agreement date

Control & Configurability

Gain unparalleled visibility, efficiency and control over your contracting process.
New Approvals Infrastructure
Control and design your own contract approval processes. SpotDraft’s new Approvals System lets you set up custom workflows, ensuring the right people review your contracts at the right time.
Approval rule: deals over $50,000 require approval from the CFO
Formulas in Condition Builder
Easily create complex approval conditions using our new query-like language. With support for brackets, AND, OR, and other operators, you can combine granular conditions to build sophisticated approval workflows tailored to your needs.
Formula condition selecting the Legal department from an intake field
IP Access Control
SpotDraft Administrators can now specify which IP addresses are allowed to access SpotDraft, ensuring users can only log in from authorized locations and blocking any unauthorized access.
IP restriction settings for a workspace with an allowed IP list
Timezone & Date Settings
Ensure accuracy across all your contract details. SpotDraft activity logs now reflect the time in your chosen timezone, reducing discrepancies and providing uniformity throughout your contract information.
Enhanced Activity Log Filters
Easily find the contract activities that matter to you with our new filtering options. Now, you can select specific types of logs to view, making it simpler to navigate and consume your activity log.
Activity log showing contract approval and re-send entries with timestamps

Insights

Harness contract data to make smarter, data-backed decisions quickly.
Metric Library
Take full control of your analytics experience. Choose which metrics appear on your dashboards by selecting from a library of pre-built metrics. This means you'll see only what's relevant to you—no clutter, no unnecessary graphs—and you won't need to build any charts yourself.
Scheduling a weekly email report to a recipient, beside a photo of a smiling woman
Recurring Reports
Scheduled email reports directly to specific users of your choice, and at your chosen frequency. Customize your reports by selecting which columns to include and applying filters—recipients will receive a link to the filtered view.

Integrations

SpotDraft works everywhere your team does, connecting Legal with the rest of your organization.
Microsoft Word for Desktop
Easily edit your documents using Microsoft Word on your device. Once you're done, your changes automatically sync back to SpotDraft—no manual uploads needed.
Slack
Receive richer Slack notifications with more information about your contracts - including reviewer details, completed & pending approvals, and contract metadata. This allows you to quickly understand context and take necessary action.
Slack notification that an addendum requires your signature, with a View contract button
Simplified Salesforce Setup
Easily connect multiple Salesforce accounts, create contracts from any object, and enjoy a simple and scalable setup experience that will set your Sales team up for instant success.
Two-way sync between Salesforce and SpotDraft

Experience the Fall 2024 Release Yourself