SpotDraft
SpotDraft provides AI-powered contract management solutions, integrating with various business tools to automate contract processes and support electronic signatures compliant with global standards.
Services
SpotDraft offers contract management solutions tailored for various team functions including legal, sales, finance, HR, and procurement. The company's services provide automation and streamlining of contract processes through its AI-powered platform. These services include contract template creation, automated workflows, centralized contract repository, and insights generated from contract data. Additionally, contract review services are available through SpotDraft's suite of products.
Products
SpotDraft provides several key products designed to enhance contract management. These include SpotDraft CLM, which specializes in contract lifecycle management, VerifAI for AI-powered contract review, and Lex by SpotDraft for outsourced legal services. The platform also supports electronic signatures compliant with global standards such as ESIGN, eIDAS, and ECA. Integration with multiple business tools like CRMs, HRMS, and cloud storage solutions ensures versatility and broader application within various business environments.
Funding
SpotDraft has raised $26 million in Series A funding. This financial backing aims to further enhance its platform capabilities and support the expansion of its global reach. The investment underscores the company's commitment to advancing its technological solutions and expanding its market presence in the contract management industry.
Awards and Recognition
In 2024, Fast Company recognized SpotDraft among the Most Innovative Companies. This recognition highlights the company's advancements and contributions in contract management technology. SpotDraft employs advanced security measures and holds ISO/IEC 27001:2013 certification, demonstrating its commitment to security and operational excellence.