Evisort AI-Powered Contract Intelligence Now Available Through Workday
New Contract Management Solutions, Powered by Evisort AI, Accelerate Business and Mitigate Risk
Solutions Empower Businesses to Transform Contracts into Strategic Assets with AI, Surfacing Critical Insights, Obligations, and Risks
Contracts touch every part of the business, but organizations struggle to access the critical data hidden in their agreements. With Workday Contract Intelligence and Workday CLM, organizations can easily identify the risks, opportunities, and obligations buried in unstructured data to drive better business outcomes.
"Contracts are the lifeblood of organizations, dictating revenue opportunities and obligations between parties; however, these terms are often buried in unstructured language and over-looked," said
Grow Revenue Faster and Optimize Spend with Total Visibility Into Contract Data
Workday Contract Intelligence uses AI to analyze large volumes of contracts and related documents (like POs, SOWs, and invoices), making it easier to access the insights organizations need to help drive better business outcomes, quickly and efficiently. With Workday Contract Intelligence, customers can:
- Gain visibility across complex legal and business documents with insight into critical contract terms across the enterprise – from HR and finance, to legal and procurement.
- Surface untapped revenue opportunities and potential savings, avoiding missed renewals or cost reductions like rebates and volume discounts.
- Leverage a conversational AI experience to ask anything about contracts in simple, natural language and get clear answers with links to source documents.
- Quickly identify non-standard contract language for reduced risk and easier, faster audit preparation.
"NetApp leveraged Workday's cutting edge contract extraction AI and automated workflow technology to save thousands of hours and millions of dollars across multiple critical corporate initiatives," said
Streamline Processes with AI-Powered, End-to-End CLM
Workday CLM uses AI to speed up the entire contract lifecycle process. It can cut approval times from months to hours by streamlining tasks like drafting clauses, redlining, conducting risk assessments, and more. With Workday CLM, customers can:
- Simplify every aspect of the contract lifecycle, from intake to storage, with AI-powered workflows to eliminate manual tasks.
- Increase savings opportunities with faster, simpler processes, helping to avoid missed contract renewals or unused financial benefits.
- Accelerate drafting, negotiation, and approvals, reducing contract turnaround times, while assisting with applicable compliance obligations.
- Leverage AI-powered contract analysis, enabling rapid strategy refinement, proactive risk assessment, and accelerated business growth.
"Workday has leapfrogged the CLM space with next-generation contract AI," said
Workday Contract Intelligence and Workday Lifecycle Contract Management (CLM) are available today to Workday
About Workday
Workday
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