Contract Analytics

Unlock Insights Within Your Contracts

Your contracts contain valuable data about your business. SpotDraft gives you the power to uncover hidden insights, optimize your contracting processes, and make data-driven decisions that propel your business forward.
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Woman sitting at a desk, looking thoughtful, with overlaid text asking 'Why do review times seem longer?' and a chart titled 'Contract review requests' showing a 32% increase in requests with a note to consider hiring.
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Eliminate inefficiencies in your contracting workflows
Use data to show legal team's impact on the business
Balance team workloads and forecast resource needs effectively

Unprecedented visibility into your contracting process

Forget about manually pulling data; and ditch the spreadsheets. SpotDraft provides dashboards with 30+ metrics to measure your contracting processes across the entire contract lifecycle.
  • Visualize contract lifecycle, approvals, review and turnaround data for easy reporting.
  • Slice your data, and drill-down using filters like date ranges, contract types, users, and workflow types.
  • Enhance cross-departmental cooperation by engaging business stakeholders with data.
“Having data makes it easier to provide concrete proof instead of estimates"
SpotDraft User
Line chart showing contracts expiring over time from January to June, peaking at 50 contracts in March with insight that 50% will expire in the next 3 months.Pie chart showing contracts created from different workflows: Order Form 600 contracts, MSA 300 contracts, NDA 250 contracts, with an insight noting order forms are created twice as much as other contracts.Bar chart showing top 5 most used contract types by volume, with Order Form having the highest volume, followed by Partner Agreement, Master Services Agreement, Order Form - Renewal, and Non-Disclosure Agreement the lowest.
Line chart showing contracts expiring over time from January to June, peaking at 50 contracts in March with insight that 50% will expire in the next 3 months.Pie chart showing contracts created from different workflows: Order Form 600 contracts, MSA 300 contracts, NDA 250 contracts, with an insight noting order forms are created twice as much as other contracts.Bar chart showing top 5 most used contract types by volume, with Order Form having the highest volume, followed by Partner Agreement, Master Services Agreement, Order Form - Renewal, and Non-Disclosure Agreement the lowest.
Line chart showing contracts expiring over time from January to June, peaking at 50 contracts in March with insight that 50% will expire in the next 3 months.Pie chart showing contracts created from different workflows: Order Form 600 contracts, MSA 300 contracts, NDA 250 contracts, with an insight noting order forms are created twice as much as other contracts.Bar chart showing top 5 most used contract types by volume, with Order Form having the highest volume, followed by Partner Agreement, Master Services Agreement, Order Form - Renewal, and Non-Disclosure Agreement the lowest.
Line chart titled 'Contracts expiring over time' showing a peak at Q2 with a note stating 50% of contracts will expire in Q2.Pie chart showing top contracts created by workflow, with MSA as the largest segment and NDA as a smaller segment; a note highlights that MSAs are the most created contract.Bar chart showing most used contracts by volume: Order Form highest, followed by NDA, then MSA.
Line chart titled 'Contracts expiring over time' showing a peak at Q2 with a note stating 50% of contracts will expire in Q2.Pie chart showing top contracts created by workflow, with MSA as the largest segment and NDA as a smaller segment; a note highlights that MSAs are the most created contract.Bar chart showing most used contracts by volume: Order Form highest, followed by NDA, then MSA.
Line chart titled 'Contracts expiring over time' showing a peak at Q2 with a note stating 50% of contracts will expire in Q2.Pie chart showing top contracts created by workflow, with MSA as the largest segment and NDA as a smaller segment; a note highlights that MSAs are the most created contract.Bar chart showing most used contracts by volume: Order Form highest, followed by NDA, then MSA.
“Having data makes it easier to provide concrete proof instead of estimates"
SpotDraft User

Make smarter, data-backed decisions

SpotDraft helps you understand where your contracting process works, and where it breaks, so that you can build a better one.
"Using data, we have learned that some contracts are signed quicker if the burden is not solely on our team to fill in contract details."
SpotDraft User
Bar chart showing average time for vendor contract approvals: Finance takes about 9 days, Legal around 2 days, Commercial about 3 days; note states Finance approvals take 7 days longer. Comment by Jamie Adams, Legal Ops Manager, suggests Finance approval needed only for amounts over $15,000.Bar chart showing average turnaround time for first response: Finance takes longest, followed by Legal and Commercial, with a note that Finance approvals take 7 days longer than others.
  • Improve deal velocity by reducing approval bottlenecks.
  • Reduce time spent negotiating high-volume contracts.
  • Tailor SLAs for different contract types by analyzing Turnaround Time data.
"Using data, we have learned that some contracts are signed quicker if the burden is not solely on our team to fill in contract details."
SpotDraft User

Showcase the value of your legal team

SpotDraft empowers Legal teams with data to quantify their impact. Our customers use contract analytics to proactively share wins, and answer questions with evidence.
  • Use Turnaround Time metrics to demonstrate how your legal team is improving contract turnaround times.
  • Easily create quarterly reports to showcase your team’s performance, highlight excellence; and discuss areas for improvement.
  • Enable cross-functional collaboration by getting your business stakeholders on the same page using their love language - data.
"This helps in showing leadership how busy we are and helps us provide rationale to hire more support staff"
SpotDraft User
Bar chart and line graph showing average turnaround time for first response decreasing from 50 hours in January to about 13 hours in December, with photos of top performers and insight stating the legal team responds 4x faster than in January.Line and bar chart showing average turnaround time for first response decreasing from January to June, with a note that the legal team responds to review requests 4x faster than in January.
"This helps in showing leadership how busy we are and helps us provide rationale to hire more support staff"
SpotDraft User

Plan ahead and forecast your needs

Get the data you need to manage and predict workloads, plan hiring, and track your team's performance.
Bar chart titled 'Reviews by owner in February' showing four owners with contract review counts: Millie with 50, two owners with 20 each, and Jason with 10, highlighting Millie reviews 5 times more contracts than Jason.
Spot uneven legal workloads across your team and ensure even distribution
Line chart showing contracts created by quarter with a peak at Q2 where 3,010 contracts were created, a 334.44% increase.
Understand seasonal contract trends to prepare for high-volume periods
Bar chart showing first response time for contracts in hours, highlighting NDA review time under 8 hours with a ‘SLA Met’ checkmark.
Monitor performance against organizational SLAs

Unleash the potential of your contracting data with SpotDraft

Request a demo

Unlock contract intelligence with powerful dashboards

Lifecycle
Approvals
Review
Turnaround Time (TAT)
Dashboard with charts showing contracts created and executed month over month, top contracts by volume categorized as NDA and Partner, and distribution of contracts by status including Executed and Redlining.

Manage, measure, and optimize your contract lifecycle with SpotDraft.

Monthly trends in contract creation, execution, and expiration.
Analysis of the top contract types by volume.
Overview of contract statuses across workflows.

Manage, measure, and optimize your contract lifecycle with SpotDraft

  • Monthly trends in contract creation, execution, and expiration.
  • Analysis of the top contract types by volume.
  • Overview of contract statuses across workflows.
Dashboard showing total contracts created this year as 15,234, a line graph of contracts created month over month from January to June, a pie chart of top contracts by volume with segments for Order Form, NDA, and MSA, and total contracts executed this year as 10,338.
Dashboard showing approvals requested (1278) and pending (80), a line graph of approvals month over month from January to December peaking in May, and horizontal bars for average time taken for commercial approval and partner agreement.

Streamline your approval workflows with SpotDraft’s comprehensive insights.

Detailed tracking of approval requests and statuses.
Data on average approval times by type and month.
Time-series trends to improve approval workflows.

Streamline your approval workflows with SpotDraft’s comprehensive insights

  • Detailed tracking of approval requests and statuses.
  • Data on average approval times by type and month.
  • Time-series trends to improve approval workflows.
Dashboard showing 944 approvals requested, a line graph of approvals from January to June, time taken for approvals by type with commercial longest, and 345 pending approvals.
Dashboard showing 1355 reviews requested, 65 reviews pending, a bar chart of monthly reviews with peaks in April and May, and average review time by contract type.

Optimize your contract review process with actionable insights from SpotDraft.

Overview of review request status and completion rates.
Metrics on initiation and duration of reviews by type.
Time-series analysis of review times for process optimization.

Optimize your contract review process with actionable insights from SpotDraft

  • View the status and completion rates of review requests.
  • Track when reviews start and how long they take, sorted by type.
  • Examine how review times change over time to make the process better.
Dashboard showing 600 reviews requested, 234 reviews pending, and a bar graph of monthly review counts from January to December.
Dashboard showing average times for contract processes: draft time 9.35 hours, internal redline 26 hours, counterparty redlining 205 hours, review 89 hours, approval 0.8 hours, and signature collection 91 hours, plus a negotiation rounds bar for Vendor Contract.

Accelerate your contract cycles with SpotDraft’s Turnaround Time insights.

Stage-specific time analysis for drafting and redlining.
Turnaround times and review cycles by contract type.
Comparative insights across workflow stages.

Accelerate your contract cycles with SpotDraft’s Turnaround Time insights

  • Stage-specific time analysis for drafting and redlining.
  • Turnaround times and review cycles by contract type.
  • Comparative insights across workflow stages.
Chart showing average draft time of 9.35 hours, average review time of 89.5 hours, and number of negotiation rounds for Vendor Contract, Master Service Agreements, and Information Security Addendum with scales from 1 to 12 rounds.

Unlock contract intelligence with powerful dashboards

Lifecycle

Line graph showing the number of contracts created month over month from January to June, peaking sharply in March.

Manage, measure, and optimize your contract lifecycle with SpotDraft.

  • Monthly trends in contract creation, execution, and expiration.
  • Analysis of the top contract types by volume.
  • Overview of contract statuses across workflows.

Approvals

Bar chart showing time taken for approvals by type: Commercial longest, followed by Finance and Legal shorter.

Streamline your approval workflows with SpotDraft’s comprehensive insights.

  • Detailed tracking of approval requests and statuses.
  • Data on average approval times by type and month.
  • Time-series trends to improve approval workflows.

Review

Bar chart showing the number of reviews month over month from January to June, with May and June having the highest number and February the lowest.

Optimize your contract review process with actionable insights from SpotDraft.

  • Overview of review request status and completion rates.
  • Metrics on initiation and duration of reviews by type.
  • Time-series analysis of review times for process optimization.

Turnaround Time (TAT)

Bar chart showing number of negotiation rounds: Vendor Contract about 11, Master Service Agreement about 6, Information Security Addendum about 6.

Accelerate your contract cycles with SpotDraft’s Turnaround Time insights.

  • Stage-specific time analysis for drafting and redlining.
  • Turnaround times and review cycles by contract type.
  • Comparative insights across workflow stages.
How Open Accelerated Contract Approvals by 90% with SpotDraft

90%

reduction in turnaround time for contract approvals

65%

reduction in errors or discrepancies in contract terms

2 weeks

for successful onboarding and implementation
Read customer story
Two women collaborating and discussing while looking at a laptop on a table in a modern kitchen setting.

90%

reduction in turnaround time for contract approvals

65%

reduction in errors or discrepancies in contract terms

2 weeks

for successful onboarding and implementation

Try an Interactive Demo

FAQ

We’re here to help with any questions you have.

What insights can I gain from SpotDraft’s Contract Analytics dashboards?

How can Contract Analytics help my legal team be more proactive?

Who should use the Contract Analytics dashboards?

 What type of data is available through these analytics dashboards?

How customizable are the Contract Analytics dashboards?

How do you ensure the security and compliance of our contract data?

Learn how companies simplify their contracting process with Spotdraft

Request a demo

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