What is 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 of VerifAI
- 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 for VerifAI
- 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 of VerifAI
- 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 for VerifAI
- 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
Frequently Asked Questions about VerifAI
What is VerifAI and what problems does it solve?▾
VerifAI is an AI-powered verification assistant within SpotDraft that automates verification tasks, data extraction, and consistency checks to speed up contract review and reduce manual errors.
How does VerifAI integrate with SpotDraft workflows?▾
It runs inside the SpotDraft platform and can be applied to documents in your contract workflows, with configurable verification tasks and rules.
What kinds of data or documents can VerifAI work with?▾
VerifAI processes standard contract documents and can extract key data fields and verify information; exact formats and fields depend on configuration and plan.
What security and privacy measures are in place?▾
SpotDraft follows enterprise security practices, including role-based access controls and audit logging, with data encrypted in transit and at rest where applicable for VerifAI processing.
How do I get started with VerifAI?▾
Enable VerifAI in your SpotDraft workspace, configure verification rules, and run it on documents to see results; onboarding guides and support are available.
What are the pricing, trials, and availability?▾
VerifAI is available as part of SpotDraft plans; details, trial availability, and usage limits are shown on the pricing page or can be obtained by contacting sales or support.
User Reviews and Comments about VerifAI
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