SpotDraft is an AI-driven contract automation platform, founded in 2017, that helps companies draft, store, analyze, execute and automate contracts.
SpotDraft is an AI-driven end-to-end contract automation platform that helps companies draft, store, analyze, execute and automate contracts and the processes surrounding them. Founded in 2017, the firm set out to replace manual, paper-bound contract management with software; it positions itself as a co-pilot for legal teams, turning routine legal work into a more efficient business function. The company works with hundreds of companies across the legal and contract management sectors.
Its flagship product, SpotDraft, applies artificial intelligence to contract lifecycle management and document automation. According to the company, the platform allows firms to review contracts 15 times faster than before and to reduce legal costs by up to 95%. The software covers the full arc of a contract's life, from drafting and execution to storage and analysis.
SpotDraft describes itself as an AI-first company focused on innovation in legal workflows. Its stated purpose is to eliminate the time and resources lost to outdated contract processes and to make legal operations a competitive advantage for the businesses it serves.
