Everything you need to know about Extraction Credits and how to purchase them in-app
What are Extraction Credits?
Extraction Credits are your key to unlocking SpotDraft's powerful Smart Data Capture feature. These credits allow you to:
- Extract Metadata Automatically: Get AI-driven metadata from your contracts without manually entering information.
- Simplify Contract Management: Use Smart Data Capture to quickly gain insights from your contracts, saving time and effort.
Purchasing Extraction Credits
Before you can purchase credits, ensure that your team has the "In-app billing and payments" permission. This permission is enabled for Admin users by default, and it can be manually enabled for other teams as needed.
Here's how to purchase Extraction Credits:
- Locate the Purchase Button: SpotDraft will notify you when your Extraction Credit balance is low. You'll see a button labeled "Purchase Credits" on contracts that require credits to extract data.
- Choose a Credit Package: Select from the available credit packages, which include:
- 100 credits
- 500 credits
- 1000 credits
- 2000 credits
- Complete the Checkout: Follow the integrated checkout flow within SpotDraft. Enter your account and payment information to purchase the credits.
💡 Note: You will receive an invoice and payment confirmation email for your records.
Using Extraction Credits
- Credit Consumption: Each successful extraction (whether bulk or individual) consumes one Extraction Credit.
- Tracking Credits: Your Extraction Credit balance will be updated in the SpotDraft interface. You'll also receive an email confirmation of any purchases.
Unfortunately, there's no way to see which contracts have already used credits. To avoid redundant extractions, it's important to carefully select the contracts you want to extract.