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axdraft.com

Freemium

Contract creation made simple with AXDRAFT fully integrated into ContractWorks

New AI ToolsFreemium
Type
Saas
Company
ContractWorks

About axdraft.com

ContractWorks (formerly AXDRAFT) is an all-in-one contract lifecycle management (CLM) software designed to help companies manage legal documents from start to finish. It offers features for drafting, negotiating, approving, signing, storing, monitoring, and reporting on contracts. ContractWorks provides a modular approach to CLM, allowing organizations to start with essential functionalities and add more as needed, paying only for what they use. It aims to transform contract management by providing a secure contract repository and tools for efficient collaboration and workflow management.

How to Use

Users can start a free trial to draft, negotiate, approve, sign, store, monitor, and report on contracts. The platform allows collaboration at every stage of the contract lifecycle, providing insights into the status, contents, and commitments of each contract.

Key Features

  • Contract drafting and negotiation
  • Secure contract repository
  • Automated alerts for contract milestones
  • Custom reporting features
  • Built-in e-signature technology
  • Advanced search and OCR functionality

Use Cases

  • Managing legal documents from creation to completion
  • Collaborating on contracts with stakeholders
  • Tracking contract status and commitments
  • Generating custom reports on contract data

Key Features

Contract drafting and negotiation
Secure contract repository
Automated alerts for contract milestones
Custom reporting features
Built-in e-signature technology
Advanced search and OCR functionality

Pros & Cons

Pros
  • Automates contract template creation and generation, reducing manual effort
  • Guided questions ensure accuracy and consistency across contracts
  • Built-in redlining enables fast, controlled collaboration with version tracking
  • Conditional approval routing shortens approval cycles
  • Seamless integration with ContractWorks provides secure storage, eSignature, and full CLM capabilities
  • Unlimited users included in every ContractWorks plan (no per-user cost)
Cons
  • Does not handle eSignature directly; relies on ContractWorks' ReadySign or integrations
  • AXDRAFT access levels are managed separately from ContractWorks roles, potentially increasing admin complexity
  • Some advanced features (AI extraction, reporting, dashboards) are part of ContractWorks, not AXDRAFT itself
  • Requires use of ContractWorks for full lifecycle; not a standalone solution

Best For

Managing legal documents from creation to completionCollaborating on contracts with stakeholdersTracking contract status and commitmentsGenerating custom reports on contract data

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FAQ

What is AXDRAFT and how does it relate to ContractWorks?
AXDRAFT is a contract template and workflow automation tool now fully integrated into ContractWorks. It handles template creation, contract generation, redlining, and approval routing, while ContractWorks provides secure storage, eSignature (via ReadySign), and centralized tracking, reporting, and reminders.
Does AXDRAFT handle eSignatures?
No, AXDRAFT does not handle eSignatures directly. Once contracts are approved in AXDRAFT, they are executed through ContractWorks' built-in ReadySign eSignature tools or integrations.
Can I use AXDRAFT without ContractWorks?
The website indicates that AXDRAFT is designed to operate together with ContractWorks as a connected platform. AXDRAFT manages the pre-signing workflow, and ContractWorks handles storage, permissions, and signing. They are intended to be used together for a complete contract lifecycle.
Is there a free trial for AXDRAFT?
There is no separate free trial for AXDRAFT alone. However, ContractWorks offers a free trial that includes AXDRAFT functionality.