Workday Contract Intelligence
AI-powered contract intelligence for unified insights and risk management.
Executive Summary
Workday Contract Intelligence, powered by Evisort AI, is an advanced solution designed to transform how organizations manage and derive value from their contracts. It establishes a unified, intelligent repository for all signed contracts and related documents, such as purchase orders, statements of work, and invoices. By leveraging Evisort's AI capabilities, the platform continuously scans and analyzes these documents to automatically surface critical insights, identify opportunities, and mitigate risks that might otherwise remain hidden within complex legal and business agreements. The solution significantly enhances efficiency by automating the extraction of key terms and data points from large volumes of contracts, enabling organizations to gain deep visibility into their contractual landscape. It supports various use cases, including accelerating due diligence, streamlining post-acquisition contract analysis, and improving contract negotiation. Workday Contract Intelligence integrates seamlessly with other enterprise systems, providing structured contract data via API and productized integrations, thereby connecting procurement and legal workflows for comprehensive contract lifecycle management.
Use Cases
- Accelerate pre-acquisition due diligence and post-acquisition contract analysis
- Surface critical insights, opportunities, and risks from contracts and related documents
- Create a unified, intelligent, and secure repository for all organizational contracts
- Automate the extraction and tracking of key contract terms and data points
- Improve contract negotiation processes with data-driven insights
Features
Visibility
- Unified Contract Repository: A secure, cloud-based database for all signed contracts and related documents.
- Custom AI Models: Easily create custom AI models to track specific terms relevant to your organization.
- Enterprise-Grade Administration Controls: Robust controls for managing access and configurations.
Intelligence
- AI-Powered Document Analysis: Analyze large volumes of contracts and related documents (POs, SOWs, invoices) to extract key insights.
- Opportunity and Risk Identification: Automatically surface opportunities and risks across your entire contract portfolio.
- Automated Term Tracking: Continuously track every term and clause within your contracts using Evisort AI.
Technical Specifications
- Architecture
- AI-native platform
- Deployment
- SaaS
- API Available
- Yes
Integrations
- Workday
- Salesforce
- Box
- Google Drive
- SharePoint
- Dropbox
Security & Compliance
Certifications: SOC 2 Type II, ISO 27001, ISO 27701
Pricing
- Starting Price
- Contact sales
- Target Customer
- Enterprise,Mid-Market
About Evisort, Inc.
Evisort offers an AI-powered contract intelligence platform that helps organizations manage and analyze contracts across the enterprise. Acquired by Workday on October 8, 2024, the platform leverages proprietary AI, including large language models, to extract key terms, accelerate review and approvals, and surface contract insights for various business functions.
Alternatives to Workday Contract Intelligence
- Workday Contract Lifecycle Management (CLM) by Evisort, Inc. — AI-powered CLM for total contract visibility, streamlined processes, and risk mitigation.
- Zycus iContract by Zycus — Achieve Deep Value and Deep Savings across the entire contract lifecycle.
- Agiloft Astra (formerly Screens) by Agiloft — Automated no-code playbook builder for first-line contract review and redlining.
- Agiloft CLM by Agiloft — Data-first CLM with AI on the Inside™ for smarter, connected contracting.
- AI Assistant – Jurist by Ironclad, Inc. — Agentic AI assistant purpose-built for legal contract review.
- AI Contract Assist by Lexion, Inc. — AI-powered legal co-pilot for faster contract drafting, review, and negotiation in Microsoft Word.
- AI Extract by Juro Online Limited — Unlock contract data and halve turnaround times with AI-native workflows.
- AI Extract Tool by Gatekeeper (Contract & Vendor Management) Ltd — Automatically extract key metadata, dates, and clauses from contracts using AI.