About VerifAI
SpotDraft's VerifAI uses advanced AI to automate contract review, ensure compliance, and reduce legal risks. Discover enterprise-grade contract analysis with 15x faster processing.
Overview
- AI-Powered Contract Analysis: Combines NLP and machine learning to review contracts 15x faster than manual processes
- Integrated CLM Solution: Embedded directly into SpotDraft's Contract Lifecycle Management platform for seamless workflows
- Multi-Platform Compatibility: Supports both Microsoft Word and OnlyOffice environments for flexible editing
- Risk Prediction Engine: Proactively identifies non-standard clauses and compliance gaps using historical data patterns
Use Cases
- Enterprise Contract Compliance: Ensures adherence to corporate standards across global vendor agreements
- M&A Due Diligence: Accelerates document review for mergers and acquisitions
- Vendor Risk Management: Identifies unfavorable terms in supplier contracts at scale
- Regulatory Alignment: Maintains compliance with GDPR, CCPA, and industry-specific regulations
Key Features
- Real-Time Compliance Monitoring: Automatically flags deviations from company policies during contract creation
- Historical Risk Scanning: Analyzes legacy contracts against updated regulatory requirements
- AI Playbook Automation: Creates custom review frameworks using 100+ pre-built legal templates
- Collaborative Review Workflows: Enables multi-stakeholder input with version control and approval tracking
Final Recommendation
- Ideal for legal teams managing 500+ annual contracts needing automated quality control
- Recommended for enterprises requiring real-time compliance across distributed teams
- Optimal solution for companies undergoing digital transformation in legal operations
- Essential for compliance-heavy industries like finance, healthcare, and tech infrastructure
