AXDRAFT, an end-to-end contract management platform, provides a solution that is easy to use, simple to implement, and easily accessible for both law firms and large corporations.
Capable of automating routine work and addressing critical contract needs, AXDRAFT provides a modular system that allows to speed up contract workflows 8x times, and save over 40% of work week for meaningful tasks.
Basic functions of AXDRAFT
- Zero-effort onboarding
AXDRAFT automates all document templates for you in under 14 days. You just choose the templates you want to automate, and AXDRAFT does all the technical work.
- Condition-based questionnaire
Draft documents of any length and complexity by answering simple questions.
- Live preview
You can see how multiple answers to your questions impact the structure and the text of your document in a real-time view.
- Data validation
Any number of input fields can be made required for the user, and AXDRAFT can also validate the data entered to ensure compliance to the necessary format.
Instead of manually entering information, AXDRAFT can be integrated with other systems allowing input fields to auto populate.
- Data transfer between documents
All answers and data is saved and automatically transferred to the related documents.
Your templates and contracts can be organized into projects based on the counterparty to make the counterparty data reusable across your contracts.
- Format variety
You can generate documents in .doc, .docx, and .pdf formats, as well as edit protected .docx format.
- Automatic translation
The data you enter can be automatically translated into 150+ languages
- Public-facing links
You can make any template public, so that you can send the link to draft the document to your counterparties, or even embed it on your website. The document created from a public template will be visible inside AXDRAFT.
- Request document data
If you lack information for the document, you can send a data request to any team member or counterparty. They will receive a link to the document, and will only get the fields that you want them to fill. They won’t need an AXDRAFT account to do that.
AXDRAFT’s built-in GPT-3 engine will help business teams understand your contract clauses by rephrasing them into simpler language.
- Self-service automationYou can set up a fully automated document drafting process that requires zero input from your lawyers. Empower your clients and counterparties to draft and sign 100% compliant simple contracts (NDAs, DPAs, sales agreements, SOC-2 report requests, etc.) that do not require legal review, and which will automatically show up inside your document storage.
Collaboration and approval
- Joint effort
Your team and external users can collaborate within AXDRAFT both on the documents prepared inside AXDRAFT, and third-party agreements uploaded onto the platform.
- Transparent editing
AXDRAFT records all comments and changes to the text of your documents (added or removed clauses). No hidden redlines.
- Invite external users
You can grant third parties access to redline your AXDRAFT documents in real time. External parties don’t need an AXDRAFT account to contribute.
- Version control
Any changes made inside your documents in the Collaboration mode are automatically saved, allowing you to view their history and roll back to previous versions whenever necessary.
- Clause playbook
Build a dynamic clause database to quickly customize parts of the text or even paragraphs in your document during the negotiation.
Whenever another user makes changes to your document, leaves any comments, you can be notified both inside AXDRAFT, and via email.
- User roles
Manage access permissions and protect your documents from unauthorized access or changes. Assign user roles to grant read-only, approve, comment, or edit permissions to the necessary users.
- Approval flows
Use pre-selected and custom automated workflows to ensure contract integrity and correctness.
- Approve specific sections
Assign approvers to access only specific parts of a document.
- Workflow designer
AXDRAFT users can design their own approval flows in a no-code environment, and customize the flow in line with internal processes.
Sign the final document version with our native AXDRAFT sign, or any external signature software (DocuSign, etc.).
- Approve external documents
You can use AXDRAFT as a dedicated approval platform and upload the documents drafted by third parties to go through internal approval flows.
- Follow ups
Avoid delays in approval by sending one-click notifications to the responsible party, reminding them that their action is needed.
Metadata, Storage, and Analytics
- Contract metadata
Based on (i) variable clauses picked by the user/negotiated by a third party, (ii) data inputs typed in or auto-completed by the user through integrations, AXDRAFT can record metadata for your contract.
- Custom metadata
You can configure metadata separately for specific documents, or certain customers.
Users can save data from input fields as metadata to use across other
Drill down into your document database with condition-based metadata filtering. This feature will help you display contracts that meet the criteria you specify.
Keep all your documents inside AXDRAFT cloud, or connect your own cloud system.
- Smart Search
Quickly find the necessary contract with search based on metadata fields, tags, document name, or document text.
- SOC-2 protection
To avoid data breaches, AXDRAFT has received SOC-2 certification that ensures that customer data always remains intact, secured, and backed up.
- Productivity tracking
AXDRAFT tracks and displays productivity stats for each user. Admin users can monitor the productivity of the entire team.
- Custom reports
Evaluate your contract performance by building reports based on your contract metadata and AXDRAFT’s conditional-based logic.
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