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Spotdraft vs Ironclad

What is Ƶ?

Ƶ is a secure intelligent platform that streamlines contract drafting, reviewing, and editing with cutting-edge, AI-powered tools.

What is

SpotDraft

?

India-originated CLM platform now serving global enterprise clients. Raised $26 million Series A extension round in 2023, bringing total funding to over $42 million

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What is

Ironclad

?

Founded by ex-Pixar engineer Jason Boehmig and ex-Google product designer Cai GoGwilt. Has raised over $333M in funding with a $3B+ valuation. Backed by investors like Accel, Sequoia, Y Combinator, and others.

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CORE CAPABILITIES
Ƶ
SpotDraft
Ironclad
AI and Machine Learning Capabilities

✅ Lawyer-supported AI and ML at the core of the platform

✅ AI-driven contract analysis, risk identification, and data extraction with continuous model improvements

✅ Ironclad AI for contract analysis, risk identification, and metadata extraction; recently enhanced with generative AI capabilities

Contract Drafting

✅ AI-assisted contract drafting capabilities

❌ Template-based contract generation but less emphasis on AI-powered drafting from scratch

❌ AI-assisted drafting capabilities through Ironclad Editor, but primarily focused on template-based drafting rather than AI-first generation

Contract Review

✅ AI-powered contract analysis with clause-specific risk assessments

✅ Strong AI-powered contract review capabilities with custom playbook enforcement and risk identification

✅ Strong AI-powered contract review capabilities that flag risks and extract key terms

Document Assembly

✅ AI-powered document assembly

✅ Template-based document assembly with customizable fields and clause libraries

✅ Template-based document assembly with workflow automation

AI Document Editing

✅ AI-powered document editing: Ask Genie to edit your styling, suggest new clause text, or analyze key clauses. Shows tracked changes, and is private per party. Genie assists with and automates entire workflows, not just producing text responses.

❌ Basic AI assistance for editing but not as sophisticated as pure AI-first platforms

✅ Ironclad Editor offers AI-assisted editing features and collaboration tools

Legal Research Integration

❌ AI-powered legal research assistance available within the document editor, requiring specific prompts.

❌ No integrated legal research capabilities

❌ No built-in legal research capabilities

Negotiation Support

✅ Tools to support negotiation, including clause-by-clause editing and collaboration features.

✅ Negotiation capabilities with redlining, version comparison, and approval workflows

✅ Redlining, version control, and approval workflow support for negotiations

Data Extraction and OCR

✅Ƶ offers OCR capabilities. ✅Ƶ offers data extraction through their API and integrations.

✅ Strong AI-powered data extraction for contract analysis and metadata population

✅ Advanced OCR and data extraction for legacy contracts and third-party paper

COLLABORATION & WORKFLOW
Ƶ
SpotDraft
Ironclad
Collaboration Tools

✅ Built-in real-time collaboration features just like Office365 or Google Docs (No need to download your red-lined version, and make it editable, then send it on - it's all doable within Genie)

✅ Robust collaboration features including commenting, approval workflows, and audit trails

✅ Real-time collaboration with commenting, redlining, and approval workflows

Workflow and Approval Management

✅ Workflow automation

✅ Comprehensive workflow automation with customizable approval chains and conditional logic

✅ Industry-leading workflow automation with customizable approval flows and routing

Contract Management

✅ Manage your projects and organize your own template and clause library

✅ Full-featured contract repository with robust search, tracking, and renewal management

✅ Comprehensive contract lifecycle management from creation to renewal

Reporting and Analytics

✅ Company and user level reporting and analytics

✅ Detailed reporting and analytics on contract status, cycle times, and obligations

✅ Robust analytics dashboard with customizable reports and insights

LIBRARIES & TEMPLATES
Ƶ
SpotDraft
Ironclad
Private Clause Library

✅ Private clause library (usable only by your legal team)

✅ Ability to create and maintain private clause libraries and playbooks

✅ Ability to create and maintain organization-specific clause libraries

Community Template Library

✅ Community template library available to create modular contracts

❌ No community template library

❌ No community template library

Private Template Library

✅ Bring your own library of private templates usable only by your legal team, within Genie

✅ Comprehensive private template library with customization options

✅ Comprehensive template management for creating and maintaining organization-specific templates

TECHNICAL ASPECTS
Ƶ
SpotDraft
Ironclad
Platform Type (Native vs Plugin)

✅ Cloud-based (SaaS)

✅ Cloud-based SaaS solution

✅ Cloud-based solution hosted on AWS

Microsoft Word Compatibility

✅ Import and export Word documents (.docx) with reasonable formatting fidelity. Some styling and complex formatting may not be perfectly preserved.

✅ Microsoft Word integration for editing and reviewing within familiar interface

✅ Microsoft Word plugin and .docx import/export capabilities

Integration with Storage (Google Drive, Dropbox)

❌Coming soon (request this feature)

✅ Integrations with Google Drive, Dropbox, Box, and other cloud storage solutions

✅ Integrates with cloud storage solutions including Google Drive, Dropbox, Box, and OneDrive

Integration with Other Tools

❌ Integrates with Microsoft Word, allowing direct editing and collaboration within the platform.

✅ Extensive integrations with CRM, ERP, procurement, and e-signature tools (Salesforce, SAP, NetSuite, DocuSign, etc.)

✅ 200+ integrations including Salesforce, DocuSign, SAP, Workday, and other business systems

Complex Legal Styling and Formatting

✅ Full numbering support + AI auto-styling and formatting

❌ Supports legal styling and formatting but occasionally faces challenges with complex formatting

❌ Handles basic to intermediate formatting, but complex styling may require Word plugin

Security & compliance
Ƶ
SpotDraft
Ironclad
End-to-end Encryption

❌ End-to-end encryption and encryption at rest

✅ Enterprise-grade security with end-to-end encryption and data protection

✅ Enterprise-grade security with encryption at rest and in transit

Security Certifications

✅ Compliant with ISO27001 and SOC2 Type 2

✅ SOC 2 Type II compliant, ISO 27001 certified

✅ SOC 2 Type II, ISO 27001, and GDPR compliant

Data Sovereignty & Privacy

✅ Ƶ prioritizes data sovereignty by not training its models on user data. However, data may be processed by third-party LLMs subject to their respective data handling policies.

✅ Regional data hosting options and strong data sovereignty controls

✅ Strong data privacy controls with options for regional data storage

Authentication Methods

❌Multiple authentication options (coming soon) (request this feature)

✅ SSO, multi-factor authentication, and other enterprise-grade security options

✅ SSO, MFA, and other enterprise authentication methods

Permissions & Access Control

✅ Granular access control features

✅ Granular role-based access controls and permissions management

✅ Granular role-based permissions and access controls

Compliance Standards

✅ Compliant with GDPR and UK GDPR standards

✅ GDPR, CCPA, and other major privacy regulation compliant

✅ Compliant with GDPR, CCPA, and other major privacy regulations

Customer Support Options

✅ Multiple support channels available (e.g., email, in-app messaging)

✅ Multi-channel support via email, chat, and phone

✅ Email, chat, and phone support with dedicated customer success managers for enterprise clients

Onboarding Process

✅ For our custom plans, get setup within 3 days with a guided onboarding plan

❌ Structured onboarding process that typically takes 4-8 weeks for enterprise implementations

❌ Structured implementation process that typically takes 4-8 weeks for enterprise deployments

Training & Resources

✅ 1-2 weeks from agreement to full implementation

Pilot: ❌ Structured pilot process requiring commitment of resources and configurationImplementation Timeline: ❌ Average implementation time of 6-8 weeks for mid-sized companies

Pilot: ❌ Formal pilot process requiring significant planning and implementation timeImplementation Timeline: ❌ 4-8 weeks for standard implementation, longer for complex enterprise deployments

PRICING & ROI
Ƶ
SpotDraft
Ironclad
Pricing Model

✅ Ƶ offers a range of subscription plans based on usage.

❌ Subscription-based pricing with tiers based on features and user count, starting around $15,000 annually for small teams

❌ Subscription-based pricing with different tiers (Basic, Growth, Enterprise). Starting around $15,000 annually for smaller implementations, with enterprise deals ranging from $50,000 to $500,000+ annually

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