SAN
FRANCISCO, Oct. 17, 2024 /PRNewswire/
-- Evisort, a Workday company and a leading provider of
AI for contract lifecycle management (CLM) and analysis, today
announced its recognition as a Visionary in the 2024 Gartner® Magic
Quadrant™ for Contract Life Cycle Management (CLM) for the third
year in a row.*
Hundreds of companies trust Evisort's AI-native platform to
provide total visibility into their contracts to help surface risk,
spot financial opportunities, and manage obligations across the
agreements that comprise their businesses.
Evisort recently became the first CLM provider — and one of the
first companies in the world — to receive an International
Organization for Standardization (ISO) 42001 accredited
certification for responsible development and use of AI, a
significant achievement that underscores Evisort's commitment to
ethical AI practices and governance.
The recognition from Gartner and ISO 42001 certification follow
a 12-month period that saw Evisort extend its AI leadership with
several key innovations, including a dedicated large language model
(LLM) and an advanced AI orchestration layer. The company also
released Document X-Ray™ and Ask AI, two breakthrough AI
features designed to empower businesses with easy access to
actionable insights about the terms within their contracts and
related transactional documents.
"We believe this recognition is a testament to our commitment to
push the boundaries of how AI can deliver complete document
intelligence," said Evisort Co-Founder Jerry Ting. "With innovations like Document
X-Ray and Ask AI, we're helping organizations unlock critical
insights from their documents to drive smarter, faster business
decisions."
Evisort was recently acquired by Workday (NASDAQ: WDAY), a
leading provider of solutions to help organizations manage their
people and money. The acquisition reinforces and expands Evisort's
ability to empower customers to leverage critical business data
more effectively, within a single system of truth.
For a complimentary copy of the 2024 "Magic Quadrant for
Contract Life Cycle Management," please visit here.
Gartner Disclaimer
Gartner does not endorse any
vendor, product or service depicted in its
research publications, and does not advise technology users to
select only those vendors with the highest ratings or other
designation. Gartner research publications consist of the
opinions of Gartner's research organization and should not be
construed as statements of fact. Gartner disclaims all warranties,
expressed or implied, with respect to this research, including any
warranties of merchantability or fitness for a particular
purpose.
Gartner, Magic Quadrant for Contract Life Cycle
Management, Kaitlynn Sommers, Lynne
Phelan, Kerrie McDonald.
October 2024.
GARTNER is a registered trademark and service mark, and MAGIC
QUADRANT is a registered trademark of Gartner, Inc. and/or its
affiliates in the U.S. and internationally and are used herein with
permission. All rights reserved.
About Workday
Workday is a leading enterprise platform that helps
organizations manage their most important assets – their
people and money. The Workday platform is built with AI at the
core to help customers elevate people, supercharge work, and move
their business forever forward. Workday is used by more than 10,500
organizations around the world and across industries – from
medium-sized businesses to more than 60% of the Fortune 500. For
more information about Workday, visit workday.com.
© 2024 Workday, Inc. All rights reserved. Workday and the
Workday logo are registered trademarks of Workday, Inc. All other
brand and product names are trademarks or registered trademarks of
their respective holders.
About Evisort
Evisort's AI-native contract intelligence platform helps global
organizations know everything about their contracts. With advanced,
proprietary AI – including a proprietary large language model (LLM)
specially trained for contracts – Evisort empowers teams to draft,
manage, analyze, and optimize their agreements faster and more
intelligently, enabling them to expedite deals, reduce risk and
cost, and transform legal and contracting challenges into strategic
business opportunities.
* Source: Gartner, "Magic Quadrant for Contract Life Cycle
Management," Kaitlynn Sommers,
Lynne Phelan, Kerrie McDonald. 14
October 2024.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/evisort-named-a-visionary-in-2024-gartner-magic-quadrant-for-contract-life-cycle-management-302279541.html
SOURCE Evisort