Workday Contract Lifecycle Management (CLM)
AI-powered CLM for total contract visibility, streamlined processes, and risk mitigation.
Executive Summary
Workday Contract Lifecycle Management (CLM), powered by Evisort AI, is an AI-powered, end-to-end solution designed to streamline contract processes and mitigate risk across the enterprise. It leverages Evisort's advanced AI capabilities to automate and optimize every stage of the contract lifecycle, from creation and negotiation to execution, management, and renewal. The solution provides organizations with total visibility into their contracts, enabling them to surface clear and actionable insights for better decision-making. It helps track every term, create custom AI models, and deliver structured contract data to other enterprise systems via robust APIs and productized integrations. This integration capability extends to connecting procurement and legal workflows seamlessly within the Workday ecosystem. Workday CLM aims to boost efficiency, reduce financial losses from unmanaged contracts, and unlock undiscovered business value by transforming static contracts into dynamic, intelligent assets. It is built with enterprise-grade administration controls and adheres to rigorous compliance standards, ensuring secure and responsible AI deployment.
Use Cases
- Streamlining contract creation and negotiation processes
- Gaining total visibility into contract terms and obligations
- Mitigating contractual risks and ensuring compliance
- Automating contract management workflows for efficiency
- Integrating contract data with other enterprise systems like procurement and legal
Features
Visibility
- Total Contract Visibility: Gain a centralized view and track every term, obligation, and status across all contracts.
- Custom AI Model Library: Create and manage custom AI models to track specific clauses and data points relevant to your organization.
Intelligence
- AI-Powered Data Extraction: Automatically extract and structure key data from contracts using Evisort AI.
- Actionable Insights: Surface clear and actionable insights for decision-making and risk mitigation.
- Risk Identification: Proactively identify and manage contractual risks and compliance gaps.
Technical Specifications
- Architecture
- Cloud-native, AI-powered platform leveraging Evisort AI for contract intelligence, with robust API and productized integrations for enterprise system connectivity.
- Deployment
- SaaS
- API Available
- Yes
Infrastructure
- AWS
AI/ML Stack
- Evisort AI
- Custom AI Models
Integrations
- Salesforce
- Box
- Google Drive
- SharePoint
- Dropbox
- Workday
Security & Compliance
Certifications: SOC 2 Type II, ISO 27001, ISO 27701, ISO 27018, EU Cloud Code of Conduct
Encryption: Data encrypted in transit and at rest, compliant with ISO 27001 standards.
Pricing
- Starting Price
- Contact sales
- Target Customer
- Enterprise
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.