Release Notes

New updates and improvements to SpotDraft

  1. Performance improvements to Smart Data Capture

    CLM
    All Users
    Q2 24

     Product Area:Smart Data Capture(SDC)

     Impact of Change: Performance Improvements

     Roles Impacted: All Users of SDC

    Details

    Improved AI Context for Value Extraction: We've enhanced our prompts and added more detailed context sent to the AI along with contracts, improving overall accuracy.

    Better Descriptions for Better Accuracy: By reworking our processing pipeline, descriptions now directly improve accuracy. This change has increased overall accuracy by 4%, with dates up by 6% and strings by 8%.

    Increased Dropdown Accuracy: Exact-match accuracy for dropdown key pointers has improved from 86.3% to 90% with better prompts.

    Reliable Client-Counterparty Extraction: SDC precisely identifies counterparties and internal entities, accommodating even slight name variations through approximate matching. This ensures more reliable data capture, eliminating the issue of empty columns in your repository.

    How to Enable : Available by default to all workspaces using Smart Data Capture.

    Relevant Resources: No resources at this time

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  2. Access control for editing template questionnaire of a contract

    CLM
    All Users
    Q2 24

     Product Area: Access Control,Template Contracts

     Impact of Change:New Functionality

     Roles Impacted:Business Users, Legal Users

    Details:

    You can now control who has access to edit the template questionnaire responses. This setting lives on a contract type level.

    You can block all users from editing the template questionnaire responses for template contracts of a specific contract type. Then add a whitelist of users who are allowed to perform this blocked action.

    How to Enable : Partial Rollout, will enable on demand

    Relevant Resources: Look for “Restrict editing of template questionnaire for a contract” in the Help Documentation 

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  3. VerifAI- Faster guide runs

    VerifAI
    Q2 24
    All Users

     Product Area:VerifAI

     Impact of Change:Improved User Experience

     Roles Impacted:All VerifAI Users

    Details:

    Running a Guide can take time and we made improvements to speed it up.

    Here are the two key enhancements:

    • Background Indexing: We now index the document in the background before a Guide is run. This improvement reduces the overall processing time by 5-6 seconds.
    • Parallel Guideline Execution: We have implemented parallel processing for running guidelines, allowing three guidelines to be processed simultaneously. This enhancement makes this part of the process nearly three times faster.
    How to Enable : No action required. Automatically implemented for all VerifAI users.

    Relevant Resources: No resources at this time 

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  4. Customizable reviewer field for SFDC

    CLM
    Q2 24
    All Users

     Product Area:SFDC Integration

     Impact of Change:Improved User Experience

     Roles Impacted:SFDC Integration Users

    Details:

    Previously, the reviewer field was optional for all Third Party Paper contracts and contract versions uploaded through the SFDC integration UI. This led to issues for some customers, while some needed the reviewer field to be mandatory for their internal processes, others preferred it to be hidden.

    With this update, users can now configure the visibility of the reviewer field at the contract-type level. The reviewer field can be set to mandatory, optional, or hidden in the SFDC integration UI. This improvement offers users greater flexibility and control.

    How to Enable : By changing the Create Template Contract integration solution instance.

    Relevant Resources: No resources at this time

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  5. Navigate to access control directly from contract types

    CLM
    Admin
    Q2 24

     Product Area:Access Control

     Impact of Change:Improved User Experience

     Roles Impacted:Admins

    Details:

    Simply select the desired contract type, navigate to the "Access Control" tab, and adjust the settings for the pre-selected contract type. This improvement eliminates unnecessary steps and simplifies the management of access controls for your contracts.

    How to Enable : No action required. Admin users of a workspace

    Relevant Resources: No resources at this time 

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  6. VerifAI Public guides can now be used in mobiles

    VerifAI
    All Users
    Q2 24

     Product Area:VerifAI

     Impact of Change:Improved User Experience

     Roles Impacted:All users of VerifAI

    Details:

    VerifAI Public Guides feature previously available on desktop is now optimized for mobile use. This update allows business users to review contracts on the go, making VerifAI even more versatile and convenient.

    Additionally, we have streamlined our terminology. Shared Guides is now simply called Public Guides.

    How to Enable : No action required. Automatically implemented for all VerifAI users.

    Relevant Resources: No resources at this time

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  7. VerifAI-UI revamp

    VerifAI
    Q2 24
    All Users

     Product Area:VerifAI

     Impact of Change:Improved User Experience

     Roles Impacted:All users of VerifAI

    Details:

    To make the app cleaner and more intuitive, we've streamlined the design and addressed the copy.

    Additionally, the entire app is on-brand with VerifAI’s signature purple, ensuring a cohesive and visually appealing experience throughout.

    How to Enable : No action required. Automatically implemented for all VerifAI users.

    Relevant Resources: No resources at this time

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  8. Signer ID on signature block

    CLM
    All Users
    Q2 24

     Product Area:Native E-Sign

     Impact of Change:Improved User Experience

     Roles Impacted:Creator and Counterparty signatories

    Details:

    We’ve introduced a customization option that displays a unique Signer ID on all signature fields, uniquely linking it to the individual who signs the contract.

    image

    Key Highlights

    Immutable Identifier: Once the contract is signed, the Signer ID is permanently attached to the document and cannot be altered. This ensures the integrity of the signed document and provides a reliable means to trace back to the original signatory to get details such as name, email, etc.

    Unique Signer ID: Each signature field now displays a unique Signer ID, which is uniquely linked to the individual who signs the contract.

    How to Enable : We are gradually rolling out this feature to all customers. If you would like early access, please contact your Customer Success Manager (CSM).

    Relevant Resources: No resources at this time

     

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  9. Contract Packets

    CLM
    Q2 24
    All Users

     Product Area:Repository

     Impact of Change:New Feature

     Roles Impacted:Contract Uploads and Reviewers

    Details:

    Introducing a new way to link contracts to make it easier for reviewers and approvers to stay on top of contracts.

    Problem Addressed:Reviewers and approvers often need visibility on interconnected contracts that are part of the same arrangement. For instance, a legal user might need to review both a Vendor MSA and its related DPA simultaneously. Previously, there was no way to link these contracts together for comprehensive visibility, complicating the review process.

    Solution Overview:To address this challenge, we are introducing Contract Packets. This new feature enables users to group related contracts into logical packets, mirroring the physical act of organizing documents. Contracts intended for signing or review together can now be placed within the same packet. This allows users to view all contracts within a packet collectively, providing clarity on which contracts are associated with the same deal or arrangement.

    How to Enable : Available to all workspaces in the US cluster. This will be rolled out to IN, EU, and ME this week

    Relevant Resources: Help Center Documentation +FAQs 

    Important callouts
    -These packets cannot be used to send contracts for review or signature in a single go (yet!)
    -Counterparty users will not be able to interact with contract packets
    -Contract Packets don’t have any access control mechanism of their own - anyone can see the packets on a workspace, but only users with the right permissions will be able to see the contracts in the packet.

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  10. Disable publish new changes button for Workflows

    CLM
    Q2 24
    Admin

     Product Area:Workflow Manager

     Impact of Change:Quality-of-life Improvement

     Roles Impacted:Admins

    Details:

    We have solved the issue of the persistent “Publish New Changes” button always enabled, even when there were no changes pending to be published.

    Going forward, the “Publish New Changes” button is now disabled when there are no changes pending to be published in a workflow. As soon as any change is made, the button will be enabled.

    How to Enable : No action required. Automatically implemented for all users.

    Relevant Resources: No resources at this time

    Important Note:
    This update will only start reflecting on a workflow after you publish or discard changes once. Until you publish or discard changes for a workflow, the button will always be enabled for that specific workflow, even if there are no changes pending.

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