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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

?

Ironclad is a digital contracting platform that automates contract workflows, from creation and negotiation to approval and storage, with built-in analytics and collaboration tools.

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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

✅ Uses AI and ML for contract data extraction and analysis

Contract Drafting

✅ AI-assisted contract drafting capabilities

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

✅ Provides contract drafting capabilities, but may lack the AI-powered features of Genie

Contract Review

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

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

✅ Automated contract review and analysis using AI

Document Assembly

✅ AI-powered document assembly

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

✅ Supports document assembly and clause libraries

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

❌ No mention of AI-powered document editing features like Genie

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, unlike Genie's top-level AI legal research

Negotiation Support

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

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

✅ Offers tools for contract negotiation and redlining

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

✅ Uses AI for data extraction from contracts

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

✅ Offers collaboration features for contract negotiation and approval

Workflow and Approval Management

✅ Workflow automation

✅ Comprehensive workflow automation with customizable approval chains and conditional logic

✅ Customizable workflows for contract processes

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 management features

Reporting and Analytics

✅ Company and user level reporting and analytics

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

✅ Provides contract performance metrics and analytics

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

✅ Supports private clause libraries for organizations

Community Template Library

✅ Community template library available to create modular contracts

❌ No community template library

❌ No information on a community template library, unlike Genie

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

✅ Allows creation of private template libraries

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

✅ Offers Microsoft Word integration

Integration with Storage (Google Drive, Dropbox)

❌Coming soon (request this feature)

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

✅ Integrates with Google Drive, Dropbox, and other storage platforms

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.)

✅ Integrates with popular business tools like Salesforce, Google Drive, and Dropbox

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

❌ Limited information on advanced styling and formatting capabilities, unlike Genie

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

✅ Employs industry-standard encryption methods

Security Certifications

✅ Compliant with ISO27001 and SOC2 Type 2

✅ SOC 2 Type II compliant, ISO 27001 certified

✅ SOC 2 Type II, HIPAA, and Privacy Shield 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

❌ No specific information on data sovereignty, unlike Genie

Authentication Methods

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

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

✅ Supports SSO and other authentication methods

Permissions & Access Control

✅ Granular access control features

✅ Granular role-based access controls and permissions management

✅ Offers role-based access control and permissions

Compliance Standards

✅ Compliant with GDPR and UK GDPR standards

✅ GDPR, CCPA, and other major privacy regulation compliant

✅ Compliant with GDPR and CCPA

Customer Support Options

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

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

✅ Offers email, phone, and chat support, as well as a knowledge base

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

✅ Offers implementation services and training, but may take longer than Genie's 3-day setup

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

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

❌ Pricing not publicly available, estimated at $15,000+ per year for a basic license based on user reviews

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