Evisort

Evisort, now acquired by Workday, is an AI-driven contract life cycle management platform that simplifies contract requesting, drafting, negotiation, approval, signature, and storage. It is designed for legal, procurement, and business teams handling high volumes of agreements who want centralized contract data and structured workflows. Its AI-assisted drafting and redlining tools, along with automated approval and signature workflows, help teams manage agreements throughout their lifecycle.

What Is Evisort Best For?

Evisort's standout feature is Ask AI, which lets users ask natural language questions about their contracts. It generates summarized answers based on all or selected documents and provides links to the relevant source clauses. Users can narrow their searches to a specific folder or document and ask follow-up questions. This reduces the need to manually review multiple agreements to find specific information.

Ask AI also supports multilingual conversations, allowing users to ask questions in one language about contracts written in another. Folder-level access controls and searches across custom data fields provide additional control over how users access contract information.

How Much Does Evisort Cost?

Evisort pricing is estimated to fall between $30,000 to $200,000/year for its repository, AI extraction, and search capabilities.

Along with the base cost, organizations should also consider the following additional expenses:

• Implementation And Onboarding: $10,000 to $50,000
• Advanced Modules And Add-Ons: $5,000 to $25,000/module
• User Seat Overages: $600 to $1,100/additional seat
• Premium Support: $4,000 to $20,000

Disclaimer: Pricing references are based on publicly available third-party information and industry benchmarks. Actual costs may vary.

Evisort Integrations

Evisort integrates with multiple third-party systems, including:

• Salesforce
• Box software
• Microsoft SharePoint

How Does Evisort Work?

Here’s how you can get started with Evisort:

• Log in to the platform and access the main dashboard
• Bring contracts from connected repositories such as Box, SharePoint, and Salesforce into a centralized repository
• Build reusable templates using approved clauses from the clause library and connect document placeholders to the relevant intake form responses
• Publish self-service intake forms so business users can submit requests and either generate agreements from templates or upload existing documents
• Route contracts through review, redlining, approval, and signature stages using configured workflows and conditions
• Use AI extraction, advanced search, Ask AI, and configurable dashboards to find contract terms, monitor obligations, and review important dates

Who Is Evisort For?

Evisort is suitable for organizations across several industries where contracts involve multiple departments, counterparties, and obligations. These include:

• Healthcare
• Financial services
• Real estate
• Manufacturing
• Technology
• Energy
• Media and entertainment

Evisort Use Cases

Based on our analysis of Evisort features and user feedback, we identified some of its real-world use cases:

Legal Teams Reviewing High Volumes Of Third-Party Paper

Legal departments that receive a steady flow of vendor and customer agreements often spend considerable time reviewing standard terms and redlining third-party language. Evisort uses AI to suggest clause edits and compare contract versions during drafting and negotiation. This lets reviewers focus on terms that require legal judgment rather than manually reviewing every provision.

Procurement And Finance Teams Tracking Obligations And Renewal Dates

Evisort can be used by procurement and finance teams that are responsible for supplier agreements with delivery commitments, renewal windows, and payment terms. It extracts these terms and displays them in configurable dashboards. Teams can thus quickly review upcoming renewals and obligations without opening individual contracts.

Business Teams Consolidating Contract Requests Through A Self Service Process

Sales, operations, and HR teams that rely on the legal department for starting every agreement can find Evisort to be helpful. It lets legal teams build approved templates, where business users can submit requests and check their status through the platform. Standard agreements move forward without constant back and forth, while legal teams keep control over the language used. Reviewers particularly appreciate how it lets businesses create and sign agreements quickly.

Organizations Consolidating Contracts Scattered Across Multiple Repositories

Organizations storing agreements across platforms such as Box, SharePoint, and Salesforce can use Evisort to synchronize contract documents and associated data. Teams can then search agreement information across connected repositories from one place. Repository synchronization also helps centralize records following mergers, system migrations, or changes to document storage systems.

Is Evisort Right For You?

Evisort is worth considering for organizations whose contracting requirements extend across multiple teams, agreement types, and business units. Its custom AI models let administrators track contract terms specific to their organizations, including requirements that may not be covered by standard clause models.

Security is another consideration for organizations handling sensitive agreements. It lists SOC 2 Type II, ISO 27001, ISO 27701, and ISO 42001 certifications. The ISO 42001 certification covers responsible AI management. Workday also provides document-level and folder-level permission controls to manage access to contract information.

Still unsure about Evisort? Connect with us at (661) 384-7070 for further guidance!