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VerifAI by Spotdraft
Overview
VerifAI is an AI-powered contract review tool under SpotDraft that aids in reviewing and analyzing contracts swiftly and effectively. The tool is designed to check compliance with user-specific review guidelines, alongside providing immediate suggestions for improvements within a contract based on the collective wisdom of legal experts, thus promoting industry-leading accuracy.
This tool can be used within Microsoft Word, facilitating strong integration with regular workflows. One of the noteworthy features include the ability to quickly build contract review playbooks using AI, which allows users to translate their expertise and judgment into custom playbooks for contract review.
This helps in identifying non-compliance and potential risks efficiently. Public guides can be created and shared with other teams, enabling a first-pass review to spot basic issues, thereby reducing workload in the legal department.
Ensuring privacy and security, VerifAI is SOC 2 Type I & II certified and GDPR compliant. Its responsible and ethical use of AI is a central principle of the tool.
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