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SpotDraft Reviews & Product Details

Verified User in Oil & Energy
UO
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about SpotDraft?

Our team loves the edit in Word on Desktop functionality - we also love that all redlines and versions are shown and downloadable on the software itself. Training was quite easy to use for UI and functionality and the team over at Spotdraft is only improving the software every quarter. Our team is frequently using the software and with a new Salesforce integration we should be able to natively use the software in Salesforce soon. Review collected by and hosted on G2.com.

What do you dislike about SpotDraft?

A lot of workflows make sense but are not the most flexible - for example individual counterparty on a workflow means you can't add another counterparty or convert it to an organization as a counterparty causing the team to have to reupload a third party workflow.

The credit system is per click instead of per workflow and is not the most clear on how that process is credited. Review collected by and hosted on G2.com.

What problems is SpotDraft solving and how is that benefiting you?

One of the strongest use cases of Spotdraft are in housing contracts throughout their lifecycle. This simply means there is one simple location that individuals and their counterparties can create, edit, review and sign documents. We used to spend hours on different versions and asking different team members where documents are. This also enables us to have one central location for communication and supporting documentation. The activity log is beneficial to our team if someone is on PTO or not available to answer questions then we are able to get a much clearer history of what is associated with that contract. Review collected by and hosted on G2.com.

SpotDraft Overview

What is SpotDraft?

SpotDraft is an AI-driven contract management and automation solution designed for fast-growing companies. It offers end-to-end contract management services for legal, sales, marketing, human resources, business operations, and procurement teams. With its best-in-class platform, SpotDraft acts as a co-pilot for legal teams, helping them optimize the contract management process by eliminating inefficiencies and reducing repetitive tasks. Streamline your contracting process with an intuitive interface, intelligent contract repository, customizable templates and workflows, and much more. SpotDraft integrates with popular SaaS tools, such as Salesforce, HubSpot, Slack, and Google Drive, delivering a seamless experience for global businesses, including Airbnb, STRAVA, Beamery, and Fidelity International. Founded in 2017 by a Harvard law graduate and two Carnegie Mellon computer engineers, SpotDraft raised $26 million in Series A funding in 2023 to further enhance its platform, expand its team, and accelerate growth.

SpotDraft Details
Product Website
Languages Supported
English
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Product Description

SpotDraft is packed with features custom built for legal and business teams to collaborate. Bring in unmatched speed and quality to your contracts.


Seller Details
Seller
SpotDraft
Company Website
Year Founded
2017
HQ Location
Bangalore
Twitter
@spotdraftHQ
803 Twitter followers
LinkedIn® Page
www.linkedin.com
259 employees on LinkedIn®
Description

SpotDraft is a best-in-class end-to-end contract management and automation solution for fast-growing companies. With its AI-driven platform, SpotDraft acts as a co-pilot for not only legal teams but also sales, marketing, human resources, business operations, and procurement for all their contracting needs. SpotDraft leverages the legal team's expertise while eliminating inefficiencies and reducing repetitive tasks, streamlining the contract management process. Its user-friendly interface and modern dashboard make creating, managing, reviewing, and executing contracts a breeze. The platform also features seamless agreement storage, legal request submissions, and automatic risk report generation. SpotDraft integrates with popular tech stacks like Salesforce, Hubspot, Slack, and Google Drive, providing a seamless experience for businesses worldwide, including Airbnb, Notion, STRAVA, Beamery, and Fidelity International. Upgrade your contract game with SpotDraft and experience effortless CLM.


Udit M.
UM
Overview Provided by:

Recent SpotDraft Reviews

Sam K.
SK
Sam K.Mid-Market (51-1000 emp.)
4.0 out of 5
"Document Management made easy."
Spotdraft has a very intuitive UI making uploading, redlining and final execution a very easy process.
Verified User
U
Verified UserMid-Market (51-1000 emp.)
4.0 out of 5
"Good service and value"
streamlined workflow (internal and external)
Arnab C.
AC
Arnab C.Mid-Market (51-1000 emp.)
3.5 out of 5
"Very flexible CLM platform"
1. Great repository of base templates 2. East to create and use workflows 3. Easy approval process 4. Easy to integrate 5. Accessible customer ...
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SpotDraft Media

SpotDraft Demo - Contract Creation
Create contracts with built-in legal guardrails and approval routing with SpotDraft contract templates. Enable your business teams to create new agreements in a few clicks.
SpotDraft Demo - Contract Repository
A repository of all contracts (uploaded or created) along with key metadata ranging from - completion status, to assignee.
SpotDraft Demo - Dashboards & Reports
Create your own unique dashboard views to gain insightful perspectives on your contracts, tailored exactly to your needs. Plus, automate the process by scheduling these custom views to be sent directly to your inbox as comprehensive reports.
SpotDraft Demo - Collaborate & Negotiate
Provide secure sharing of contracts among team members. Invite team members to collaborate on a given contract anytime.
SpotDraft Demo - E-signature
SpotDraft’s eSignature platform offers unlimited signatures. Drag and drop signatories onto the file and easily set signing orders.
SpotDraft Demo - Integrations
Make contract creation, tracking and signing easy for your business teams across multiple tools
Fast Company recognizes SpotDraft among the Most Innovative Companies of 2024!

And we’re the only CLM company that made it to the list.

Thanks to everyone who’s been part of this journey!
Play SpotDraft Video
Fast Company recognizes SpotDraft among the Most Innovative Companies of 2024! And we’re the only CLM company that made it to the list. Thanks to everyone who’s been part of this journey!
Play SpotDraft Video

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Video Reviews

143 out of 144 Total Reviews for SpotDraft

4.5 out of 5
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143 out of 144 Total Reviews for SpotDraft
4.5 out of 5
143 out of 144 Total Reviews for SpotDraft
4.5 out of 5

SpotDraft Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for SpotDraftQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Pritesh S.
PS
Director
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about SpotDraft?

Excellent GUI and feature rich dashboard; We were using in-house build platform before we migrated to SpotDraft, i can see i have stopped spending hours of time to go through all previous contract, setting alerts for renewals, taking permission or approval from various team. Now, everything is at one place and the overall contracting process has improved by almost 4045% Review collected by and hosted on G2.com.

What do you dislike about SpotDraft?

Cumbersome process to get access to customer support. Lack of AI-backed features; expecting SpotDraft to come up with AI feature which will help me in assisting contract drafting to reduce my time in closing contracting process. Review collected by and hosted on G2.com.

What problems is SpotDraft solving and how is that benefiting you?

Knowledge management Review collected by and hosted on G2.com.

Vikram S.
VS
Vice President - Life Sciences and Healthcare
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about SpotDraft?

SpotDraft is a fairly intuitive user interface and is easy to understand. The workflows are also easy to follow. Very easy to copy and share links for signature Review collected by and hosted on G2.com.

What do you dislike about SpotDraft?

One downside I experienced (maybe I am missing a feature), when you need to update a contract, I needed to delete the whole instance and create a new record with the updated file. if there was a way to edit the document directly, it would have been very helpful Review collected by and hosted on G2.com.

What problems is SpotDraft solving and how is that benefiting you?

It is one stop shop online that can help manage the entire workflow for a contract and associated documents. it also sends timely reminders to ensure renewals and extensions. Review collected by and hosted on G2.com.

Sam K.
SK
Founder
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about SpotDraft?

Spotdraft has a very intuitive UI making uploading, redlining and final execution a very easy process. Review collected by and hosted on G2.com.

What do you dislike about SpotDraft?

The login function can be temperamental - sometimes it works, sometimes it takes you to an MSFT error page. Review collected by and hosted on G2.com.

What problems is SpotDraft solving and how is that benefiting you?

Spotdraft allows for a sigle source of truth when redlining contracts. Which saves massively on email traffic and having to search for 'current versions'. Review collected by and hosted on G2.com.

Pratham S.
PS
Manager - Strategy
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about SpotDraft?

- Good UI

- The contract expiry reminders are truly helpful

- Bulk upload facility

- Rapid improvements over time has greatly improved ease of use Review collected by and hosted on G2.com.

What do you dislike about SpotDraft?

- In-built editor needs to improve, it's still slightly buggy and rough around the edges

- Wider support for legal e-sign protocols required (KTP e-sign, Aadhaar e-sign with more ESPs) Review collected by and hosted on G2.com.

What problems is SpotDraft solving and how is that benefiting you?

It greatly helps tracking all our contracts and addendums with various partners all in a single place with a neat interface. Greatly reduced time spent on CLM and contract execution. Review collected by and hosted on G2.com.

Arnab C.
AC
Senior Manager, Strategy &amp; Planning
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about SpotDraft?

1. Great repository of base templates

2. East to create and use workflows

3. Easy approval process

4. Easy to integrate

5. Accessible customer support Review collected by and hosted on G2.com.

What do you dislike about SpotDraft?

1. Reporting and Analytics could improve Review collected by and hosted on G2.com.

What problems is SpotDraft solving and how is that benefiting you?

By automating the CPQ <> Deal Desk <> Legal <> Business approval process Review collected by and hosted on G2.com.

VR
VP Sales
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about SpotDraft?

It has helped us steamline almost everything about our agreements and records. Signing is easy as well Review collected by and hosted on G2.com.

What do you dislike about SpotDraft?

It is only for legal aspects, wish it could be used for more functions. Review collected by and hosted on G2.com.

What problems is SpotDraft solving and how is that benefiting you?

Keeping records, signing documents and ensuring that every aspect is taken care of. Review collected by and hosted on G2.com.

MS
Senior Manager
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about SpotDraft?

Ease of use - It is very easy to use

UI - User interface is good.

Implementation and Integration is quite easy Review collected by and hosted on G2.com.

What do you dislike about SpotDraft?

Lacks features - They should add support for stamp papers. Review collected by and hosted on G2.com.

What problems is SpotDraft solving and how is that benefiting you?

Saving a ton of time for me with easy tracking as well. Review collected by and hosted on G2.com.

Poushali N.
PN
Associate
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best about SpotDraft?

It is very easy to use, the interface is so user friendly and direct. The transfer of knowledge management database and contract database was very easy. The spoc alloted is always helpful and available to resolve any doubts. Review collected by and hosted on G2.com.

What do you dislike about SpotDraft?

The limits of using AI extradict features within permissible limits. Review collected by and hosted on G2.com.

What problems is SpotDraft solving and how is that benefiting you?

The universal templates built in and its capability of being modified according to organisation's use and preference. It helps in tracking at what stage the contract is like redlining or signing or etc. Review collected by and hosted on G2.com.

Vedant  G.
VG
Assistant Manager - Legal
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about SpotDraft?

Spotdraft has helped us create visibility on contracts, decreased manual efforts and set a flow for the organisation as to how to go about contracts in general. Our CSM made sure ut us implemented end-to-end despite so many blockers from the internal team. The current support team also makes sure escalation are solved within time so that there is no break in the process. Review collected by and hosted on G2.com.

What do you dislike about SpotDraft?

I have observed a couple of breaks here and there and nothing which I think cannot be fixed. The one big concern is the online MS Word editor. Either there has to be an interface like the desktop version or similar to Gdoc for easy collaboration between stakeholders. Review collected by and hosted on G2.com.

What problems is SpotDraft solving and how is that benefiting you?

1. Spotdraft solved our one-place-all-contracts issue.

2. Spotdraft reduced the TAT on agreements via features like activity log which allowed easy communications.

3. We use filters for producing various numbers/stats which would take us a lot of time.

4. Moving Stamp paper on the tool helped us keep an inventory track also.

Overall, there are a lots of minute solving that Spotdraft has done through the tool. Review collected by and hosted on G2.com.

KP
Engineer
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about SpotDraft?

Spotdraft makes document review so quick and effortless Review collected by and hosted on G2.com.

What do you dislike about SpotDraft?

some of the features are not very clear on how to use Review collected by and hosted on G2.com.

What problems is SpotDraft solving and how is that benefiting you?

Spotdraft makes it easy to request a document review, store templates, and share documents with vendors Review collected by and hosted on G2.com.