Case Study: Open accelerates contract approvals with SpotDraft

How Open Accelerated Contract Approvals by 90% with SpotDraft

Open, a Bengaluru-based neo-banking platform for SMEs and startups, needed a better way to manage more than 1,000 contracts a year. Its small legal team was overwhelmed by scattered documents across Gmail and Google Drive, manual reviews, fragmented access to information, and constant requests from other departments for contract-related answers.

SpotDraft implemented a centralized contract lifecycle management system for Open, giving the team a single source of truth, self-service access, searchable contract metadata, and streamlined approvals and reviews. With SpotDraft, Open reduced contract approval turnaround time by 90%, cut errors and discrepancies in contract terms by 65%, and completed onboarding in just two weeks.

Open

Arjun David Alexander

VP, Legal