Axdraft

What is AXDRAFT?

AXDRAFT is a powerful contract automation tool designed to simplify the contract creation process. Integrated within ContractWorks, it allows users to build templates, generate contracts, and manage approvals efficiently. AXDRAFT streamlines the entire contract lifecycle, enabling users to create, collaborate, and track contracts in one connected platform. With features such as template automation, guided contract drafting, and real-time collaboration, AXDRAFT ensures compliance and consistency across all documents, making it an essential tool for legal operations.

How to use AXDRAFT?

1. Create Templates: Start by building dynamic templates in AXDRAFT. Upload agreements, define clauses, and create guided templates that adapt based on user input.
2. Generate Contracts: Use AXDRAFT to answer guided questions, which will automatically draft accurate contracts ready for review. These documents will then sync with ContractWorks for storage.
3. Collaborate and Approve: Engage with stakeholders using AXDRAFT's redlining feature for real-time comments and edits. Manage approval routing by defining approvers and conditions within the workflow.

What are the main features of AXDRAFT?

• Template and Workflow Automation: Easily create and manage contract templates with built-in automation.
• Guided Contract Drafting: Generate contracts by answering intuitive questions, ensuring accuracy and compliance.
• Real-time Collaboration: Collaborate with stakeholders through redlining and track all changes and comments.
• Approval Management: Streamline the review and approval process by defining roles and routing conditions.
• Centralized Storage: Contracts are securely stored and managed within ContractWorks, providing visibility and access control.

Who is AXDRAFT for?

AXDRAFT is designed for legal professionals, including contract managers, legal operations teams, and general counsels, who require an efficient solution for contract management. It is particularly beneficial for organizations that need to automate their contract creation processes, ensure compliance, and streamline collaboration across various departments. Industries such as finance, technology, pharmaceuticals, and government can leverage AXDRAFT to enhance their contract workflows.

What are the use cases of AXDRAFT?

1. Automated Contract Creation: Organizations can use AXDRAFT to quickly generate contracts by utilizing predefined templates and workflows, saving time and reducing errors.
2. Efficient Collaboration: Teams can collaborate on contracts in real-time, allowing for faster negotiation and approval processes.
3. Compliance Tracking: AXDRAFT helps maintain compliance by tracking changes and managing approvals, ensuring that all contracts meet legal requirements.